71 Electric strongly believes that innovation is the engine for growth and competitiveness. As such, 71 Electric has a clear R&D strategy going from fundamentals research to actual industrial application, and pays close attention to the intellectual property protection.

Up to date, 71 Electric holds 127 patents including 24 invention patents, 94 utility model patents, and 9 industrial design patents, notably including a 40.5kV Double Shielded Contact Box solving the non-uniform electric field distribution inside of the epoxy insulator.

Besides, 71 Electric won "third prize of Zhejiang Machinery Industry Science and Technology Award" in 2009.