Family of Brands:
History
Key Milestones in development & Global Mergers and Acquisitions
2018
  • Opening of new factory in Nanyang (China)

  • Opening of new factory in Vietnam

2017
  • Acquisition of General Electric's Small Industrial Motors Business

2016
  • Mergers and acquisitions Rongxin transmission $60

2015
  • Successfully acquired and merged Nanyang Explosion-proof Group Co., Ltd., and changed the establishment of Wolong Electric Nanyang Explosion-proof Group Co., Ltd., which is the largest and most comprehensive motor manufacturer in China.

  • Wolong Electric Group successfully acquired Italian OLI company

  • Wolong Holding Group and Export-Import Bank Zhejiang Branch signed a 10 billion strategic cooperation agreement

  • Secretary of the Provincial Party Committee and Director of the Standing Committee of the Provincial People's Congress Xia Baolong came to Wolong for investigation

  • Merger of Hill Robot $40M and Euroforce Vibration $80M

2014
  • Acquisition of Italian SIR Robotics Application Company

  • Wolong successfully held its 30th anniversary celebration: China Zhizhi Summit Forum, Celebration Gala, and the 5th Staff Games

  • Acquisition of Zhangqiu Haier Motor Co., Ltd., change to establish Wolong Electric Zhangqiu Haier Motor Co., Ltd.

  • Wolong Electric and Kaishan Co., Ltd. jointly established Kaishan Motor Co., Ltd.

  • The new products of Wolong UHV transformer passed the national product appraisal successfully.

2013
  • The 500kV ultra-high voltage intelligent auto-coupling power transformer has passed the test of the whole process of the national testing center to fill the blank of the ultra-high voltage transformer field in Zhejiang Province.

  • Acquired Jiangsu Qingjiang Motor Manufacturing Co., Ltd., a subsidiary of Midea, and changed the establishment of Wolong Electric Huai'an Qingjiang Motor Co., Ltd.

  • Wolong Japan Research Institute was established in Osaka, Japan.

  • Wolong Electric's first 863 plan - "high-power high-voltage variable frequency speed control technology development" passed the acceptance.


2012
  • Synergistic development with ATB Group opened a new situation, ATB Group's sales grew steadily, profit growth rate ranked the top in Wolong manufacturing, and led to a new growth point of Wolong Motor manufacturing, Wuhan Wodong Electric, industrial motor production At the same time as the ATB order, the ATB domestic production base Wolong BROOK Motor Division was established.

  • The Group implements a KPI performance appraisal management system with strategic objectives as the core and performance indicators as the core.

  • The whole group further deepened the institutional process construction, promoted the internal control system upgrade, and publicized the procurement and project bidding management work.

  • Improve the incentive mechanism for scientific and technological personnel and technological innovation, and promote the overall progress of the scientific and technological research and development system

  • Wolong Electric Group's high-efficiency and energy-saving motor market ranks first in the same industry in the country

  • Wolong Electric Research Institute Co., Ltd. and Spain W2PS Company jointly established Zhejiang New Energy Co., Ltd., which is mainly engaged in photovoltaic inverters.

  • Wolong Electric Yinchuan Transformer Company equipment workshop core class won the national "Ankang Cup" winning team award

  • The photovoltaic single-phase grid-connected inverter developed by Wolong Electric Research Institute passed the Australian BV certification, and brought photovoltaic inverters and other products to the SNEC 6th International Solar Photovoltaic Conference and Shanghai Exhibition.

  • Wolong Electric Yantai Dongyuan Transformer Company ODFS-25000/500KV Smart Grid Power Transformer passed the expert appraisal and certification of China Electric Power Enterprise Association, filling the technical gap in Wolong ultra-high voltage transformer field, SSZ11-24000/220KV anti-burst short-circuit transformer passed at one time The whole test reached the domestic advanced level

  • Wolong BROOK Motor Division successfully developed electric vehicle motor

  • Mantovani Machinery Co., Ltd. successfully developed new concrete crushing and crushing pliers

  • Wolong Electric Lithium Battery Division and Huatai Transformer Co., Ltd. successfully developed MG3000 stable controller battery cabinet system

2011
  • Wolong acquired 97.94% shares of ATB Group—the third largest motor manufacturer in Europe.

  • Wolong founded Financial Investment Business Division.

  • Wolong merged Shandong Yantai Dongyuan Transformer Co., Ltd, and renamed it as Wolong Electric Yantai Dongyuan Transformer Co., Ltd.

  • Wolong Holding Group Party Committee was honored with “Two-strong Top-hundred Party Organization” of provincial level non-state-owned enterprises

2010
  • Wolong founded a Sino-foreign joint venture company—Zhejiang Mantovani Machinery Co., Ltd.

2009
  • Wolong invested to found Zhejiang Wolong Venture Capital Investment Co., Ltd.

  • Wolong invested to found Zhejiang Wolong Transformer Co., Ltd.

  • Wolong merged Beijing Huatai Transformer Co., Ltd, and renamed it as Wolong Electric Beijing Huatai Transformer Co., Ltd.

2008
  • Zhejiang Wolong Real Estate Co., Ltd was renamed as Wolong Real Estate Group Co., Ltd.

  • Wolong merged Shanghai Synergy, and renamed it as Shanghai Wolong International Business Co., Ltd.

2007
  • Through share acquisition, asset swap of Heilongjiang Mudanjiang New Material Technology Co., Ltd, Wolong achieved the listing of Wolong Real Estate, under the stock code 600173.

  • Wolong founded a Sino-foreign joint venture company—Zhejiang Wolong Stirring Technology Co., Ltd.

2006
  • Wolong formulated and implemented “Development Strategic Plan of Wolong Holding Group 2006-2010”.

2005
  • Zhejiang Wolong Technology Co., Ltd was officially renamed as Wolong Electric Group Co., Ltd. 

  • Wolong merged Yingchuan Transformer, and renamed it as Wolong Electric Yinchuan Transformer Co., Ltd.

  • Wolong launched the reserve talents (leader) cultivating project to expand its professional talent pool.  

2004
  • Wolong implemented OA system.

  • Wolong deployed to build group’s three basic framework strategies of manufacturing, real estate, and financial investment.

  • Wolong founded the joint venture company Zhejiang Wolong Home Appliance Motor Co., Ltd with Panasonic Co., Ltd.

2003
  • Wolong acquired Wuhan Hubei Motor General Factory and renamed it as Wuhan Wolong Hubei Motor Co., Ltd.

  • Zhejiang Wolong Holding Group Co., Ltd was renamed as Wolong Holding Group Co., Ltd.

  • Wolong issued its new Enterprise Spirit: “Sincerity·Harmony·Creativity”.

  • Wolong set up its Post-Doctoral Research Center with the approval of State Personnel Board.

2002
  • On June 6th, Wolong Technology’s shares were issued. The stock code is 600580.

  • Wolong was restructured as Zhejiang Wolong Holding Group Co., Ltd.

  • Wolong acquired Zhejiang Dengta Storage Battery Co., Ltd and renamed it as Zhejiang Wolong Dengta Battery Co., Ltd.

2001
  • Wolong Technology Co., Ltd moved into the period of coaching for listing.

  • “6S” Management was fully implemented within all manufacturing entities.

2000
  • Wolong deployed its development strategy to start a new undertaking and presented the vision of “Oriental Siemens”.

  • Wolong passed ISO9001 Quality System Certification.

1999
  • Wolong founded Shaoxing Oli-Wolong Vibrating Machinery Co., Ltd as a joint venture with Oli Italy.

1998
  • Wolong Group conducted the equity integration of joint-stock system and established a frame-style equity structure.

  • Wolong was identified as one of national new high-tech enterprises by Ministry of Science and Technology.

1997
  • The capital and share was increased for the fourth time for the joint-stock system within the employees of Wolong Group.

  • Wolong Group held the first session of Employees’ Representative Assembly to vote for election and establishment of Trade Union Council.

1996
  • Wolong held the shares of China Minsheng Banking Corp., Ltd.

  • Wolong issued its new Enterprise Spirit: “Being pragmatic and seeking refinement to strive for excellence and innovation”.

1995
  • Wolong passed the ISO9002 Quality System Certification and gained the right of self-managed import and export which is a pass to the international market.

1994
  • Zhejiang Wolong Group Co. was established.

1993
  • The change into a joint-stock cooperative system was successful. The first session of Shareholders’ Representative Assembly was held.

  • Wolong set up its Party committee.

1992
  • Wolong invested 9 million RMB to implement technical upgrading project for air-conditioning motors.

  • Wolong set up Wolong Vocational School with Zhejiang Machinery Industry Colleague jointly.

  • Wolong started the pilot reform of joint-stock cooperative system.

1991
  • The company was named as “Wolong”. Shangyu Multi-speed Micro Motor Factory was renamed as Zhejiang Wolong Motor Industry Co.

  • Wolong founded Zhejiang Changlong Electric Co., Ltd as a joint venture with a Hong Kong firm.

  • “Wolong Employee Regulations” were formulated and implemented. The company started to employ people with labor contracts.

  • Wolong passed the standard of National Second-level Enterprise.

1990
  • Wolong won the Third Prize of “Spark” Advanced Group in Zhejiang Province, and was awarded as an “Advanced Enterprise of National Enterprise System in Towns” by Ministry of Agriculture.

1989
  • Wolong founded Zhejiang Longchang Electric Co., Ltd as a joint venture with a Taiwanese firm.

  • Mr. Chen Jiancheng was awarded as “National Outstanding Young Entrepreneur in Towns” and “Pace-setter in the New Long March”.

1988
  • Multi-speed Micro Motor Factory Branch No.2 was founded.

  • Wolong Spirit of “Being strict in management and quality; being brave to explore and marching toward the world” was firstly advocated.

1987
  • The company’s products were listed in China’s “Torch Program” Project.

  • “Wolong Newspaper” was established.

1986
  • Wolong motor’s trademark was registered.

1985
  • The first generation products—JW Series motors were manufactured.

1984
  • The first year of Wolong enterprise