History
1984
Chairman Chen Jiancheng and five others invested over 100,000 yuan at the foot of Wolong Mountain in Haoba Village, Shaoxing County, to establish the Shaoxing Duosu Micro Motor Factory.
1985
The factory successfully produced its first product—the JW series motor.
1986
The State Trademark Office approved the registration of the Wolong brand motor trademark.
1999
A joint venture was established with Italy’s Olivetti to create Shaoxing Olivetti-Wolong Vibration Machinery Co., Ltd.
2002
Wolong Technology was listed on the stock market, with the stock code 600580.
The comprehensive upgrade projects for Wolong industrial motors, electric vehicles, and micro-special motors were officially launched.
The company successfully acquired Zhejiang Storage Battery Group Co., Ltd., forming Zhejiang Wolong Lighthouse Power Co., Ltd.
It also successfully acquired and merged with Wuhan Motor.
2004
A joint venture with Japan’s Panasonic was formed to establish Zhejiang Wolong Household Motor Co., Ltd.
The first phase of the ERP project was initiated.
The Wolong electromechanical engineering project, covering an area of 780 acres, was officially launched.
2005
“Zhejiang Wolong Technology Co., Ltd.” was officially renamed “Wolong Electric Group Co., Ltd.”
The company acquired and merged with Yinchuan Transformer Factory, establishing Yinchuan Wolong Transformer Co., Ltd.
2009
In April, Wolong Electric acquired and took control of Beijing Huatai Transformer Co., Ltd., which was reorganized to form Beijing Wolong Huatai Transformer Co., Ltd. This expansion allowed Wolong's power transmission and transformation products to grow from just railway traction transformers and power transformers to include urban rail transit transformers and complete power rectification equipment.
2011
The holding group successfully acquired 97.94% of Austria's ATB Group, one of Europe’s three major motor manufacturers, becoming the actual controller of ATB Group. This acquisition positioned Wolong as a globally renowned motor manufacturer with leading comprehensive strength. Chairman Chen Jiancheng met with President Hu Jintao and the Austrian President at the signing ceremony with ATB Group. The holding group also held its first integration and development strategy seminar following the acquisition of ATB Group.
Additionally, the company successfully acquired Yantai Dongyuan Transformer.
2013
Wolong Electric acquired Midea’s Jiangsu Qingjiang Motor Manufacturing Co., Ltd., which was restructured as Wolong Electric Huai'an Qingjiang Motor Co., Ltd.
The Wolong Japan Research Institute was established in Osaka, Japan.
2014
Wolong Electric acquired the Italian company SIR Robotics Applications.
The company also acquired Zhangqiao Haier Motor Co., Ltd., which was then restructured as Wolong Electric Zhangqiao Haier Motor Co., Ltd.
2015
Wolong Electric Group successfully acquired and merged with Nanyang Explosion-Proof Group Co., Ltd., which was then restructured as Wolong Electric Nanyang Explosion-Proof Group Co., Ltd.
The group also successfully merged with the Italian company OLI and acquired Hill Robotics and Olivetti Vibration.
2016
Wolong Electric acquired Rongxin Transmission.
2018
The company expanded its portfolio by acquiring the small industrial motor business from General Electric in the United States.
Overview of Wolong's History
Early Development
1878
Brook Crompton was established in the UK, marking an important milestone in the early development of the electric motor industry. Known for its high-quality motor products, this company laid the groundwork for future advancements in motor manufacturing.
1882
The S2 Electric Company was founded in Shaker Heights, USA, focusing on innovation and applications in electric motor technology.
1883
Pulton Lawrence was established in the UK, further promoting the development of motor technology through innovative practices.
1897
Molly was founded in the UK, specializing in the manufacture of efficient electric motors, setting industry standards for quality and performance.
Partnership with General Electric
1961
WOLON (卧龙) was established in China, marking the beginning of its journey in the electric motor industry. This foundation set the stage for the brand's future growth and development.
1970
Wolong Company was officially founded, committing itself to research and manufacture high-quality motors, gradually carving out a niche in the domestic market.
1984
The establishment of Shaoxing Duosu Micro Motor Factory, the predecessor of Wolong Electric Group, marked the beginning of a new chapter in Wolong's motor manufacturing journey.
Key Milestones
General Electric Trademark Usage Rights
Wolong entered into an agreement with General Electric, obtaining a ten-year trademark usage license. This partnership significantly boosted Wolong's brand recognition and provided strong validation for its product quality.
International Expansion
1980s
Wolong embarked on its internationalization journey, actively collaborating with foreign enterprises to expand its product lines and enhance its technological capabilities.
1999
A joint venture was established with Italy’s Olivetti to form Shaoxing Olivetti-Wolong Vibration Machinery Co., Ltd., marking a significant step in Wolong's expansion into international markets.
2002
Wolong Technology went public in the Chinese stock market, becoming a publicly listed company. This move greatly enhanced its financial strength and market influence.
Modern Development
Through numerous acquisitions and partnerships, Wolong Electric Group has continuously expanded its market share. It has not only established a powerful brand presence in the Chinese market but has also gradually extended its operations globally, contributing significantly to innovation and development in the motor industry.
Wolong's journey from its initial motor manufacturing roots to becoming a globally recognized motor manufacturer exemplifies its commitment to quality and innovation. Through ongoing technological advancements and strategic market expansion, Wolong occupies a vital position in the electric motor industry, providing customers with high-quality products and services.