Veichi

What Veichi does

Veichi is a Chinese industrial automation manufacturer founded in 2005 and headquartered in Suzhou, China. The company designs and produces a broad portfolio of industrial automation control products, including variable frequency drives (VFDs), servo drives, programmable logic controllers (PLCs), human-machine interfaces (HMIs), and industrial robots. It has more recently expanded into solar/energy solutions, commercial and industrial (C&I) energy storage, and hydrogen production equipment, signaling a deliberate move from pure motion control components into integrated energy and automation systems.

The company is publicly listed on the Shanghai Stock Exchange under ticker sse:688698 and operates with 1001-5000 employees, including 150 R&D engineers and 120 technical service engineers. Veichi generates revenue primarily through hardware sales to industrial OEM and system integrator customers via distributor networks, with products sold in 80+ countries and manufacturing operations in China (Suzhou) and India. Service infrastructure includes 40+ service centers in Vietnam supporting Southeast Asia coverage.

Veichi's go-to-market is built on a cost-competitive Chinese manufacturing base, a wide product range that allows bundling across motion control categories, and an expanding international footprint. Founder Zhiyong Hu serves as Chairman. The company has reported an average annual growth rate of 60% since founding, though this figure reflects growth from a small 2005 base and current run-rate growth is likely lower given the company's larger present scale.

Name

Veichi

Legal name

Suzhou Veichi Electric Co., Ltd.

Website

https://veichi.org

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Veichi is a Chinese industrial automation manufacturer (Shanghai Stock Exchange: sse:688698) producing VFDs, servo drives, PLCs, HMIs, industrial robots, and energy storage systems for OEM and integrator customers across 80+ countries.

Ownership category

akta.pro rank

Product category

Industrial Automation Drives

NAICS

Relay and Industrial Control Manufacturing (335314), Motor and Generator Manufacturing (335312), Speed Changer, Industrial High-Speed Drive, and Gear Manufacturing (333612)

SIC

Electrical Industrial Apparatus (3620), Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motors & Generators (3621)

akta.pro primary industry

Motor Drive & Motion Control Electronics Manufacturing Services (VFDs, servo drives, controllers) (IMAGAGAJ)

akta.pro secondary industries

Industrial Power & Energy Electronics Manufacturing Services (UPS, converters, inverters, chargers) (IMAGAGAI), Process Control & Automation Electronics Manufacturing Services (PLCs, I/O, DCS/SCADA hardware) (IMAGAGAK), Embedded & HMI Electronics Manufacturing (Industrial PCs, HMIs, Panel PCs) (IMAGAGAD), Power Electronics & Grid-Tie Equipment Manufacturing (Converters, Transformers, Switchgear) (EUAMAHAH)

Keywords

• Variable frequency drives
• Industrial automation control
• AC servo systems
• Programmable logic controllers
• Solar pump inverters

Headquarters

HQ city

Shenzhen

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Variable Frequency Drives (VFD): Sales of variable frequency drives including low voltage, medium voltage, and high voltage inverters for industrial motor control applications.
2. Servo Systems: Sales of servo drives and servo motors for precision motion control in CNC machines, robotics, packaging, and textile applications.
3. PLC and HMI Products: Programmable logic controllers (VE100, VE200, VE300 series) and human-machine interfaces for industrial automation systems.
4. Solar Energy Solutions: Solar pump inverters, hybrid inverters, off-grid inverters, on-grid inverters, and lithium batteries for renewable energy applications.
5. C&I Energy Storage and Microgrid Solutions: Commercial and industrial energy storage systems and microgrid solutions including the VPS Hybrid Inverter for power fluctuation management.
6. Technical Support and Services: Professional technical support services including product debugging, maintenance support, and operator training programs for customers.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Veichi designs, manufactures, and sells industrial automation and power electronics products including variable frequency drives (low, medium, and high voltage), AC/DC servo systems, programmable logic controllers (PLCs), human-machine interfaces (HMIs), industrial robots, and renewable energy solutions such as solar pump inverters, hybrid/off-grid/on-grid inverters, and lithium batteries. The company serves heavy industry, manufacturing, water management, renewable energy, and construction machinery customers through a global distributor network covering more than 80 countries, supported by manufacturing in Suzhou, China and India.

Product overview

VEICHI Electric is a comprehensive industrial automation and energy technology company offering a multi-platform portfolio of variable frequency drives (VFDs), servo systems, programmable logic controllers (PLCs), human-machine interfaces (HMIs), industrial robots, renewable energy solutions, and industry-specific control systems. The core product line centers on variable frequency drives across multiple series (AC01, AC10, AC310, AC600, AC80C, AC200, AC60 medium voltage, and specialized variants like AC60-Q for ball mills, AC80C-C for CNC machine tools, AC80C-Y for presses, AC100-K for air compressors, AC80T for tower cranes, AC80S for construction hoists, SF81 for injection molding), complemented by servo drive systems (SD700, SD780, SD710, SD100, SD600A) and servo motors (V7E, V5). The PLC portfolio includes the VE100 micro PLC, VE200 CPU224, VH600 medium PLC, and VC5 high-performance PLC, alongside VI20 and VI10 HMIs. Renewable energy offerings encompass solar pump inverters (SI23, BLDC), hybrid inverters, off-grid and on-grid inverters, and lithium batteries. Industrial robot offerings span six-axis, four-axis, SCARA, collaborative, and welding robots. Industry-specific solutions include S200E/S200D/S200K construction hoist control systems, QT125 tower crane integrated control cabinets, hydrogen production power supply, and drives for elevators, compressors, machine tools, HVLS fans, and construction machinery. The portfolio is unified through shared RS-485/Modbus communication protocols, GPS/GPRS remote monitoring capabilities, and common engineering tools for configuration and programming.

Differentiator

Problem solved

Functional benefit

Products and services

• AC80C Variable Frequency Drive
• AC60 Medium Voltage Drive
• AC60-Q Variable Frequency Drive for Ball Mills
• AC80C-C Variable Frequency Drive for CNC Machine Tools
• AC80C-Y Variable Frequency Drive for Asynchronous Press
• AC100-K Variable Frequency Drive for Air Compressors
• AC100-YK AC Servo Inverter for Screw Injection Molding
• AC80T Variable Frequency Drive for Tower Cranes
• AC80T Lifting/Variable Frequency Drive for Tower Cranes
• AC80T Rotating VFD for Tower Cranes
• AC80S Variable Frequency Drive for Construction Hoists
• SF81 Asynchronous Servo Inverter for Injection Molding
• AC200 High-Performance Vector Control Drive
• AC600 Series High-Performance General AC Drive
• AC310 AC Drive VFD
• AC10 AC Drive VFD
• AC01 AC Drive VFD
• SI23 Solar Pump Inverter
• BLDC Solar Pump System
• SD700 Servo Drive
• SD780 Servo Drive
• SD710 Servo Drive
• SD100 Low-Voltage Servo Drive
• SD600A Servo Drive
• V7E Servo Motor
• V5 High-Response Servo Motor
• VE200 PLC CPU224
• VE100 Micro PLC Series
• VH600 General-Purpose Medium PLC
• VC5 High-Performance PLC
• VI20 Series HMI
• VI10 Touch Screen HMI
• S200E Integrated Control System for Construction Hoists
• S200D Control System for Construction Hoists
• S200K Winch Control System for Construction Hoists
• QT125 Integrated Control Cabinet for Tower Cranes
• Soft Starter (CMC-L Series)
• VPS Hybrid Inverter (C&I Energy Storage)
• Hybrid Inverter
• Off-grid Inverter
• On-grid Inverter
• Lithium Battery
• Six-Axis Robot
• Four-Axis Robot
• SCARA Robot
• Collaborative Robot (Cobot)
• Welding Robot
• Hydrogen Production Solutions
• Low Voltage Drives
• Medium Voltage Drives
• Multi-Motor Drive
• Technical Support and Services

Quantifiable outcome

• Energy savings of 20-60% for air compressor applications
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Three partnerships are on record, tiered core.

• Thailand DistributorscoreChannel Partner/ Reseller/ Distributor · 12 September 2017VEICHI partnered with Thailand distributors for local market coverage. At Intermat Asean 2017, VEICHI participated alongside Thai distributors with a 36 square meter booth, signed contracts for over 30 units of 45kW inverters for construction hoists and 6 integrated tower crane systems, establishing a strong market position in Thailand.
• Shakti (India)coreChannel Partner/ Reseller/ Distributor · 25 April 2017VEICHI partnered with Shakti for India market development. VEICHI and Shakti joined hands to develop the Indian market, combining VEICHI's product technology with Shakti's local market expertise and distribution network.
• Vietnam Distributor NetworkcoreChannel Partner/ Reseller/ DistributorVEICHI maintains official distributors in various countries with more than 40 service centers across different provinces in Vietnam. The network provides comprehensive sales, installation, and after-sales support for VEICHI products in the Vietnamese market.

Scale indicators8 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Schneider Electric (Altivar): Global incumbent with the Altivar variable frequency drive line and Modicon PLCs that compete head-to-head with Veichi in industrial motor control and energy management applications.
• ABB (Drives & Motion): Global incumbent selling VFDs, motors, and motion control across industrial automation; competes with Veichi in medium-voltage drives and high-end machinery but at a different price/brand tier.
• Siemens (SINAMICS / SIMATIC): Global automation incumbent offering SINAMICS drives and SIMATIC PLCs that directly overlap with Veichi's VFD and PLC portfolio, particularly in factory automation and process industries.
• Fuji Electric: Japanese manufacturer of inverters, servo systems, and power electronics with overlapping industrial automation, renewable energy, and power conditioning offerings versus Veichi.
• Mitsubishi Electric (Drives & Servo): Global automation incumbent with FREQROL VFDs and MELSERVO servo systems that compete with Veichi in factory automation and high-end motion control.

Emerging players

• Sungrow Power Supply: China-headquartered global leader in solar inverters and energy storage systems, directly comparable to Veichi's hybrid, off-grid, and on-grid inverter and lithium battery product lines.

Direct peers

• Delta Electronics (Industrial Automation): Taiwan-based manufacturer of AC drives, servo systems, and PLCs with comparable product breadth to Veichi and strong overlap in power electronics and renewable energy inverters.
• Yaskawa Electric: Japanese specialist in servo drives, motion controllers, and industrial robots, directly comparable to Veichi's SD700/SD780 servo line and growing robotics portfolio.
• Shenzhen Huichuan Technology: Major Chinese VFD and servo drive maker overlapping heavily with Veichi in low-voltage drives, motion control, and renewable energy inverters; serves as a direct head-to-head competitor in industrial automation and new energy.
• Inovance Technology: China's largest industrial automation company and the closest direct peer to Veichi, offering VFDs, servos, PLCs, HMIs, and increasingly robotics and EV powertrains with a comparable go-to-market across China and emerging markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/veichiglobal
• YouTubeyoutube.com/veichiglobal/?sub_confirmation=1
• Facebookfacebook.com/veichiglobal
• LinkedInlinkedin.com/company/veichi-electric-5ba068112
• Instagraminstagram.com/veichielectric

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Veichi