Zhongyuan Electric

What Zhongyuan Electric does

Zhejiang Zhongyuan Electric Co., Ltd. (ZYEC) is a Hangzhou-based industrial manufacturer of rare-earth permanent magnet motors and generators, founded in 1997 and operating within the 101–250 employee band. The company produces five product series spanning over 400 specifications across a 0.02kW to 500kW power range. ZYEC operates a B2B direct-sales model, supplying custom-engineered motors to heavy-industrial OEM customers. Named customers include Oerlikon Metco, Mitsubishi Group, STC, TMT, Atlas Copco, Hengtian Heavy Industry (恒天重工), and Tianming Machinery Group (天明机械集团) — customers concentrated in textile machinery, chemical fiber, and broad industrial automation. Two production lines deliver a combined annual nameplate capacity of 600,000 units.

The company has expanded its product surface through three operating subsidiaries. Zhejiang Zhongyuan Magnetic Levitation Technology (established November 27, 2015) commercializes high-speed magnetic levitation blower products derived from the core motor IP. Zhejiang Kolaide Control Technology (established March 11, 2019) addresses drive and control electronics. Zhejiang Dibao Intelligent Technology extends the platform into intelligent motor subsystems. ZYEC holds 23 patents (8 granted invention patents) and software copyrights, and carries ISO9001, CE, and Chinese military GJB9001 / weapon equipment quality certifications, supporting both commercial and defense-adjacent customers.

The business model is industrial-OEM direct sales with custom-engineered motor solutions priced on specification. In 2015, ZYEC entered a partnership with Mitsubishi Electric Automation covering permanent magnet motors. The company runs an academician workstation and draws expert advisors from Tsinghua University and Zhejiang University. Government recognition includes 2023 designation as a "Hidden Champion Enterprise" and "Specialized Refined Innovative SME" (专精特新). A 2014 engagement with the Czech Pilsen Region Economic Chamber signals intent to access Central European industrial OEM markets.

Name

Zhongyuan Electric

Legal name

浙江中源电气有限公司 (Zhejiang Zhongyuan Electric Co., Ltd.)

Website

https://zyec.com

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

101–250 employees

Short description

Zhejiang Zhongyuan Electric is a Hangzhou-based industrial manufacturer of rare-earth permanent magnet motors and generators across five product series and 400+ specifications (0.02–500kW). It serves heavy-industrial OEM customers including Oerlikon Metco, Mitsubishi Group, and Atlas Copco via direct sales and custom engineering.

Ownership category

akta.pro rank

Product category

Industrial Electric Motors

NAICS

Motor and Generator Manufacturing (335312)

SIC

Motors & Generators (3621)

akta.pro primary industry

AC Motors (Induction, Synchronous) (IMAGACAA)

akta.pro secondary industry

Spindles & High-Speed Drives (Machine Tool Spindles, High-speed Motors) (IMAGACAL)

Keywords

• Permanent magnet motors
• Rare earth motors
• Magnetic levitation blowers
• Servo motors
• Industrial motor manufacturing

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 永磁电机及驱动装置销售 (Permanent Magnet Motors and Drive Devices): Sale of rare earth permanent magnet synchronous motors, servo motors, and related drive control systems to industrial customers. Five series with 400+ specifications covering 0.02kW to 500kW power range.
2. 磁悬浮鼓风机及压缩机 (Magnetic Levitation Blowers and Compressors): Sale of high-speed maglev centrifugal blowers and compressors manufactured by the Zhejiang Zhongyuan Magnetic Levitation Technology subsidiary, targeting energy-saving applications in wastewater treatment, cement, and material handling.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Zhejiang Zhongyuan Electric Co., Ltd. (ZYEC) manufactures rare earth permanent magnet motors and their drive devices, offering five series with over 400 specifications covering 0.02kW to 500kW power range. Through its subsidiaries, the company also designs and produces high-speed magnetic levitation centrifugal blowers and compressors, along with industrial automation and control systems for industrial customers.

Product overview

Zhejiang Zhongyuan Electric Co., Ltd. (ZYEC) is a manufacturer specializing in rare earth permanent magnet motors and their drive devices, established in 1997. The company offers five major series with over 400 specifications of permanent magnet motors ranging from 0.02kW to 500kW. The product portfolio includes: TYBZ Series asynchronous start permanent magnet synchronous motors (general industrial applications), TYVZ Series high efficiency IE4/IE5 permanent magnet synchronous motors (energy-efficient applications), TYSZ Series permanent magnet AC synchronous servo motors (precision control applications), Special motors for textile and chemical fiber machinery, Oil cooling and water cooling high-speed motors, and High-speed maglev blowers (advanced technology combining magnetic levitation with motor technology). The products serve diverse industrial applications across petroleum, chemical, textile, power generation, transportation, metallurgy, cement, paper, glass, and other sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• TYBZ Series Asynchronous Start Permanent Magnet Synchronous Motor A general industrial permanent magnet synchronous motor using high-performance rare earth permanent magnet materials, achieving high operating efficiency and power factor with constant torque output under open-loop control. Compatible with Y2 series three-phase asynchronous motor mounting structure per IEC standards, designed for industrial customers replacing traditional induction motors.
• TYVZ Series High Efficiency Permanent Magnet Synchronous Motor IE4, IE5 High-efficiency rare earth permanent magnet synchronous motor achieving IE4 and IE5 efficiency levels with high-performance vector frequency control. Features higher precision, wider frequency range, material savings, and significant energy efficiency for industrial customers targeting energy-saving applications.
• TYSZ Series Permanent Magnet AC Synchronous Servo Motor Permanent magnet synchronous servo motor with optimized magnetic circuit structure and winding design for precision manufacturing applications. Compatible with various servo drivers to form high-cost-effective servo drive systems enabling precise positioning, tracking, rapid response, and synchronized angle/speed control.
• Special Motors for Textile and Chemical Fiber Machinery Specialized permanent magnet motor product line for textile and chemical fiber transmission systems, including permanent magnet synchronous winding head motors, oil pump motors, metering pump motors, and guide roller motors. Designed for textile and chemical fiber machinery manufacturers and operators requiring reliable quality, stable performance, and high energy efficiency in continuous operation.
• Oil Cooling and Water Cooling High-Speed Motors High-speed motors specially developed for specific operating characteristics, achieving IE4+ efficiency ratings with F and H class insulation, S1 working system, oil/water cooling, IP54 or IP55 protection rating. Features high reliability, energy efficiency, wide speed regulation range, and low vibration for industrial applications with demanding thermal management needs.
• High-Speed Maglev Blower

Quantifiable outcome

• 35%+ energy savings with magnetic levitation blowers compared to traditional blowers
• +2 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• 三菱电机自动化（中国）有限公司 (Mitsubishi Electric Automation (China) Co., Ltd.)coreStrategic or Co-development PartnerIn June 2015, Zhongyuan Electric signed a permanent magnet motor purchase contract with Mitsubishi Electric Automation (China) Co., Ltd. in Shanghai. The cooperation project involved over a dozen self-developed and trial-produced high-efficiency permanent magnet motor specifications.

Scale indicators8 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Allied Motion Technologies: Specialty manufacturer of precision motion control products including servo motors, brushless motors, and integrated motor-drive solutions. Comparable to Zhongyuan's TYSZ servo motor and high-speed motor portfolio.
• WEG: Brazilian-headquartered global manufacturer of motors, generators, and drives with a particularly strong focus on industrial efficiency classes including IE4/IE5. Direct competitor in permanent magnet and high-efficiency motor categories.
• Regal Rexnord: Manufacturer of high-efficiency industrial motors, servo motors, and motion control products. Closely comparable to Zhongyuan's combination of industrial motors, servo motors, and integrated drive solutions.
• KTurbo: Korean specialist in magnetic levitation turbo blowers and compressors using high-speed permanent magnet motors. Most direct competitor to Zhongyuan's magnetic levitation blower/compressor product line from the maglev subsidiary.
• Wolong Electric: Leading Chinese industrial motor and drive manufacturer with overlapping product lines in industrial AC motors, servo motors, and motor-drive integrated systems. Most direct domestic competitor to Zhongyuan across the Chinese industrial customer base.

Broad incumbents

• Nidec Corporation: Global motor giant producing precision small motors, appliance motors, and industrial motors. Competes with Zhongyuan in industrial AC motor categories but at much greater scale and global reach.
• Siemens: Diversified industrial conglomerate whose SIMOTICS motor portfolio competes directly with Zhongyuan's high-efficiency PMSM and servo motor lines, especially in industrial automation customers.
• ABB Motors and Generators: Division of ABB producing industrial motors and generators across a wide power range, including high-efficiency IEC motors. Directly overlaps with Zhongyuan's 0.02-500kW industrial motor portfolio and global OEM customer base.
• Sulzer: Swiss industrial engineering company with a magnetic levitation high-speed turbocompressor (HST) product line competing in the same energy-saving blower and compressor market targeted by Zhongyuan's maglev technology.

Regional players

• TECO Electric & Machinery: Taiwan-based industrial motor manufacturer with strong presence across Asia. Overlaps with Zhongyuan in industrial AC motors and high-efficiency IE-class products across the Asia-Pacific region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/zhejiang-zhongyuan-electric-co--ltd-

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

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 Zhongyuan Electric