Wolong Electric Group

What Wolong Electric Group does

Wolong Electric Group (Wolong Electric Drive Group Co., Ltd., SHA: 600580) is a Chinese-headquartered, vertically integrated manufacturer of electric motors, generators, and drive control systems founded in 1984 and headquartered in Shangyu, Shaoxing, Zhejiang. Its product portfolio spans low and high voltage motors, permanent magnet motors, servo motors and drives, EC motors and fans, generators, transformers, inverters, and integrated system solutions; the company lists 70 product series organized around motor and drive products, system solutions, automation equipment, new energy solutions (photovoltaic, wind, energy storage, hydrogen), and a digital lifecycle services arm. Underlying technology centers on high-efficiency motor design (IE5-rated explosion-proof and permanent magnet synchronous lines), permanent-magnet direct-drive technology, 105MW-class high-speed motors applied at the world's largest compressed air energy storage station, and an iMotorLinx industrial internet platform that delivers AI-assisted equipment monitoring, predictive maintenance, and digital-twin-based remote O&M across 15 service centers in China. The firm is also a producer of energy storage systems (10GWh planned capacity in Shaoxing) and bionic robot components (frameless torque motors, joint modules, servo drives) developed through its Hangzhou Bay Embodied Intelligence Innovation Center.

Wolong earns revenue primarily through hardware sales of customized motors, drives, and integrated system solutions to industrial enterprise customers; pricing is quote-based with volume discounts for large OEM and project orders. Its go-to-market combines enterprise direct sales organized by vertical (petrochemical, coal, EV, rail, marine) and geography, OEM supply agreements with automotive and industrial equipment manufacturers, and an authorized distributor/dealer network spanning China and 50+ international markets; the stated sales mix targets 1/3 projects, 1/3 OEM, and 1/3 distribution. Long-tail customer relationships include Sinopec, PetroChina, Baosteel (joint ¥493M silicon-steel laboratory), Yutong, Geely, Changan, BAIC, ZF Friedrichshafen (74/26 EV motor JV), Goldwind (wind), CRRC (rail transit motors/transformers across 28+ cities), Shanghai Port (world's first large-scale shore power system at Hudong), and ExxonMobil (Singapore refinery motors). Wolong's customer base is concentrated in oil & gas, coal mining, electric mobility, rail transit, and renewable energy. The company is publicly listed on the Shanghai Stock Exchange (ticker 600580) and operates 40+ manufacturing sites across China, Southeast Asia (Vietnam), Europe (Austria, UK, Germany, Italy, Poland, Serbia), the Americas (Mexico), and India, employing 15,000+ globally through 10+ retained acquired brands including ATB, Brook Crompton, Schorch, Laurence Scott, Morley, OLI, SIR, GE Motors, and the Chinese 南阳防爆 (CNE) brand.

Name

Wolong Electric Group

Legal name

卧龙电气驱动集团股份有限公司

Website

https://wolong.com.cn

Company type

Public

Founded year

1984

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Wolong Electric Group is a Chinese-listed (SHA: 600580) global manufacturer of motors, generators, and drive control systems serving petrochemical, coal mining, EV, rail, and renewable energy industries through 40+ factories and a portfolio of 10+ acquired Western and Chinese brands.

Ownership category

akta.pro rank

Product category

Industrial Electric Motors and Drives

NAICS

Motor and Generator Manufacturing (335312), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Motors & Generators (3621), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

AC Motors (Induction, Synchronous) (IMAGACAA)

akta.pro secondary industries

DC-AC Inverters (Industrial inverters, standalone/embedded) (IMAGADAC), Power Electronics Manufacturing (Inverters/DC-DC/Onboard Chargers) (IMACACAD), Energy Storage Software & Controls (EMS, monitoring, optimization, cybersecurity) (IMAGAHAJ)

Keywords

• Industrial electric motors
• Motor drive systems
• Permanent magnet motors
• Explosion-proof motors
• High voltage motors

Headquarters

HQ city

Shaoxing

HQ country

China

HQ region

Asia

Offices25 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Motor and Drive Products: Core revenue from manufacturing and selling electric motors (low/high voltage, permanent magnet, servo, EC, daily-use motors), generators, transformers, inverters, and drive control products to industrial customers globally.
2. System Solutions: Integrated system solutions including energy-saving renovation, coal industry systems, gas-to-electricity conversion, and distributed synchronous condenser solutions for power grid regulation. Provides complete drive and control system packages combining motors, inverters, PLCs, sensors, and industrial IoT.
3. Automation Equipment: Servo drives, servo motors, linear motors, electric drive modules, and automation equipment for assembly, handling, grinding, palletizing, and welding applications, serving aerospace, EV motors, energy storage, and battery industries.
4. New Energy Solutions: Clean energy solutions including photovoltaic, wind power, energy storage, and hydrogen production systems. Products include direct-drive and semi-direct drive permanent magnet wind generators, BIPV distributed solar, photovoltaic cleaning robots, and large-power hydrogen supply systems.
5. Digital and Lifecycle Services: Full lifecycle management services through the iMotorLinx platform, including online monitoring, AI diagnosis, maintenance, spare parts, and equipment renovation. 15 digital service centers provide one-stop service for industrial equipment health and safety.
6. Energy Storage Systems: Large-scale, distributed, and residential energy storage systems, battery modules, and portable power supplies. Manufacturing base in Shaoxing with planned annual capacity of 10GWh.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Wolong Electric Group manufactures electric motors, generators, and motor drive control systems for industrial, commercial, and energy applications. Core offerings include low/high voltage motors, permanent magnet motors, EC motors, servo drives, explosion-proof motors, transformers, inverters, and integrated system solutions combining motors with PLCs, sensors, and industrial IoT. The company also produces new energy solutions (photovoltaic, wind power, energy storage, hydrogen production) and provides full lifecycle digital services through the iMotorLinx platform.

Product overview

Wolong Electric Group is a comprehensive motor and drive solutions provider offering a multi-product portfolio organized around core motor products, new energy solutions, automation systems, and digital services. The core motor portfolio spans low/high voltage motors, generators, drive controls, EC motors/fans, and permanent magnet motors across multiple efficiency classes (IE4/IE5). New energy offerings include photovoltaic, wind power, energy storage (large-scale, distributed, residential), and hydrogen production systems. Electric transport solutions cover marine, vehicle, and bicycle electrification. The company also provides system-level solutions including coal mine electrification, gas-to-electricity conversion, distributed synchronous condensers, and ship shore power. Digital services are delivered through the iMotorLinx industrial internet platform featuring digital twin and remote monitoring capabilities. Wolong's brand portfolio includes both proprietary brands (Wolong) and acquired international brands (ATB, Brook Crompton, Schorch, Laurence Scott, Morley, CNE, OLI, SIR, GE Motors), enabling it to serve global industrial, commercial, and residential markets.

Differentiator

Problem solved

Functional benefit

Brands

• Wolong Electric Drive: Core brand for motors and drive solutions
• ATB
• Brook Crompton
• Nanyang Explosion-Proof (CNE)
• Laurence Scott
• Morley
• OLI
• Schorch
• SIR
• Wolong ESS

Products and services

• Low Voltage Motors (低压电机)

Quantifiable outcome

• Energy savings of 100+ million kWh annually across deployed IE4/IE5 motors, reducing CO2 by approximately 130,000 tons per year
• +7 more outcomes

Named customers18 records

Segments11 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

21 partnerships are on record, tiered core and minor.

• Swancor Advanced Materials (碳纤维先进材料)coreStrategic or Co-development Partner · 20 July 2026Strategic partnership agreement signed at WAIC 2026 World Artificial Intelligence Conference. Wolong Electric Drive showcased bionic robot components (frameless torque motors, joint modules, servo drives) while Swancor presented its Qiyuan brand consumer-grade robots featuring miniaturized humanoid joints. Partnership focuses on core component production lines for robotic joints and precision assembly, positioning both companies in the embodied intelligence sector with complementary motor drive technology and advanced materials capabilities.
• Multiple Energy Partners (中能建江苏院、上海电气、新疆新能源研究院、港华智慧能源等)coreStrategic or Co-development Partner · 3 June 2026At SNEC 2026 exhibition, Wolong Energy Storage signed 9 strategic cooperation agreements with industry leaders including China Energy Construction Jiangsu, Shanghai Electric, Xinjiang New Energy Research Institute, and Hong Kong Smart Energy. Multiple partnerships covering energy storage, distributed energy, and grid integration solutions for global market expansion.
• ZF Friedrichshafen AG (采埃孚)coreStrategic or Co-development Partner · 10 March 2020Joint venture 'Wolong ZF Automotive Motors Co., Ltd.' established with ZF. Wolong contributed automotive motor business unit assets (74% stake, ~€39.85M) and ZF contributed cash (26%, ~€14M). Registered capital of €53.85M. Headquarters in Shangyu, China with manufacturing in Serbia and planned North America facility. Product range covers traction motors for EVs, plug-in hybrids, and mild hybrids. Target of 2,000+ employees and €880M sales by 2025 with planned total investment of €320M.
• Baosteel (宝钢股份)coreStrategic or Co-development PartnerStrategic cooperation agreement signed covering joint development of non-oriented silicon steel applications for motors. Joint 'Non-Oriented Silicon Steel Application Laboratory' established. Parties cooperating on national key project 'Special Motor Material Production Application Demonstration Platform' with total investment of 493 million yuan. Wolong sourced 123% of agreed non-oriented silicon steel from Baosteel in 2019.
• Muyuan Group (牧原集团)coreStrategic or Co-development PartnerStrategic cooperation covering digital management, automated production line design and manufacturing, drive control, high-energy efficiency product management, and intelligent operation and maintenance lifecycle services. Joint venture investment company for photovoltaic and energy storage projects with committed investment exceeding 10 billion yuan.
• Yihua Group (宜化集团)coreStrategic or Co-development PartnerStrategic cooperation covering equipment energy saving, motor full lifecycle management, power grid management, and intelligent automation control. Cooperation deepened to address market challenges together.
• TÜV Rheinland (北德)coreTechnology or IntegrationIEC certification authority partnership for Wolong Energy Storage products. IEC 62619 certification ceremony held at TSEE 2026 exhibition in Munich, Germany, validating compliance with international energy storage safety standards.
• VOILÀP GroupminorStrategic or Co-development PartnerStrategic cooperation agreement signed to jointly empower industrial automation future. VOILÀP Group and Wolong Group collaborate on industrial automation solutions.
• Goldwind (金风科技)coreStrategic or Co-development PartnerStrategic cooperation for wind power applications. First domestically produced permanent magnet direct-drive wind turbine generator successfully delivered, establishing Wolong's presence in wind energy sector.
• Shenzhen Shuangcheng (双城风机)minorStrategic or Co-development PartnerStrategic cooperation in green building field, combining Wolong's motor and drive technology with Shuangcheng's fan systems.
• SKFminorStrategic or Co-development PartnerStrategic cooperation memorandum signed to jointly advance high-speed drive and control product applications and support 'dual carbon' goals.
• Bingloo Environment (冰轮环境)minorStrategic or Co-development PartnerStrategic cooperation agreement for industrial automation and environmental control systems.
• Nanjing Steel (南京钢铁)minorStrategic or Co-development PartnerStrategic cooperation for digital platform and supply chain collaboration in steel industry.
• BEIJING NORTH PORT (北港新材料)minorStrategic or Co-development Partner舜云互联 strategic cooperation agreement signed with Beigang New Materials for industrial internet platform services.
• OMLAT (欧姆莱特)minorChannel Partner/ Reseller/ DistributorOMLAT and Wolong's LCM signed exclusive distribution agreement for China market, combining OMLAT's motion control technology with Wolong's sales network.
• SANY Heavy Industry (三一重工)minorStrategic or Co-development PartnerWolong EV motor products applied in SANY Heavy Industry's electric construction machinery.
• Shaanxi Blower (陕西鼓风机)minorChannel Partner/ Reseller/ DistributorLong-standing customer relationship in metro ventilation and industrial fan applications.
• CRRC (中车集团)coreChannel Partner/ Reseller/ DistributorMotors and transformers supplied for metro and rail transit projects. Core supplier for rail vehicle air conditioning and rail transit infrastructure.
• Zhuzhou Electric (中车株机)coreChannel Partner/ Reseller/ DistributorElectric drive products supplied for rail transit vehicles.
• XEMC (湘电集团)minorChannel Partner/ Reseller/ DistributorLong-term partnership for large motors and drives in industrial applications.
• Shengli (盛剑科技)minorStrategic or Co-development PartnerStrategic cooperation agreement signed for total solutions in environmental and industrial applications.

Scale indicators16 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Bonfiglioli: Italian manufacturer of gearboxes, motors, and drive systems for industrial automation, mobile machinery, and renewable energy. Comparable in European manufacturing footprint, industrial motor portfolio, and focus on energy efficiency applications.
• Nidec Corporation: Japanese motor manufacturer that is the world's largest producer of small precision motors and a Top 10 global electric motor maker per Fortune Business Insights 2026. Directly competes in traction motors, appliance motors, and industrial motors, including active EV motor initiatives.
• WEG: Brazilian electrical equipment manufacturer producing industrial motors, generators, drives, and transformers with strong global presence. Directly comparable as a Top 10 motor manufacturer with similar product breadth and customer verticals (petrochem, mining, HVAC).
• Regal Rexnord: US-based manufacturer of motion control, power transmission, and motor products serving industrial, commercial, and residential markets. Direct competitor in industrial motors and drives with similar portfolio breadth across HVAC, industrial automation, and power generation.
• Franklin Electric: US manufacturer of motors, drives, and pumping systems serving water, industrial, and energy markets. Comparable in vertical specialization (water systems, fueling) and electric motor product focus.
• Yaskawa Electric: Japanese manufacturer of servo motors, drives, and industrial robots. Directly comparable in servo drives, motion control, and the robotics/automation portfolio that overlaps with Wolong's SIR brand and servo/spindle products.

Regional players

• Hyundai Electric: Korean manufacturer of motors, generators, switchgear, and power systems serving industrial and utility markets. Comparable in heavy industrial motors and explosion-proof products but concentrated in Korea and select export markets.
• TECO Electric & Machinery: Taiwanese motor manufacturer producing industrial motors, EV powertrains, and home appliance motors. Directly comparable in product breadth but primarily serves Asia-Pacific markets while Wolong has broader global reach via European acquisitions.

Broad incumbents

• ABB: Global leader in electrification and motion control offering industrial motors, drives, and integrated automation across the same industrial verticals as Wolong. Directly comparable as one of the Top 10 electric motor manufacturers globally and a benchmark Wolong aspires to approach.
• Siemens (Innomotics): Global industrial conglomerate with deep motor and drive portfolio, including the Innomotics motor/drive business carved out in 2024. Wolong chairman explicitly benchmarks Wolong against Siemens in motor drive industry scale, making it a primary strategic reference point.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wolong Electric Group