Founded in 1998, the Lovol Technology Centre has been officially under the name of Lovol R&D Institution of Engineering Technology in 2006. By the end of 2011, the enterprise has consisted of nearly 1,400 personnel of various fields of design and development, amongst which over 300 mid-level and senior experts possess strong capability of research and development. In the year of 2011, the company set up European R&D Centre, global high-end R&D Platform under Japanese R&D Centre and medium and high-end R&D Platform targeting business advancement in the Chinese market, forming a four-in-one global R&D system covering Europe, Japan, Tianjin and Shandong. Relying on multiple platforms of technology innovation, Lovol has achieved breakthrough in terms of numerous core technologies in the industry by exploring over 15,000 product resources. In addition, it has more than 600 valid IPRs, organizing or participating into the formulation and amendment more than 50 national and industrial standards and shouldering 12 national research projects, which have all successfully passed the acceptance identification of national scientific and technological achievements.