Liaoning high-tech industry sees booming growth

"The higher the speed, the higher the energy. Our flywheel energy storage products using magnetic levitation are charged and discharged through speed changes so as to adjust the grid frequency and improve the safety and reliability of power supply," said Li Wendong, president of the company.

Established in 2018, Shenyang Vycon has rapidly grown into a unicorn enterprise in Liaoning province in just a few years.