Zhejiang Tengen Electrics

What Zhejiang Tengen Electrics does

Zhejiang Tengen Electrics (浙江天正电气股份有限公司, SSE: 605066.SH) is a Chinese manufacturer of low-voltage electrical equipment and digital electrical system solutions, founded in 1990 by Gao Tianle as Yueqing Great Wall Transformer Factory and reorganized into Tengen Group in 1994. The company completed its A-share IPO on the Shanghai Stock Exchange in 2020 and reported approximately RMB 2.829 billion in revenue for 2023, with operations spanning 30+ countries. Headquartered in Liushi Town, Yueqing City (Zhejiang) within the Wenzhou electrical industry cluster, Tengen employs 1,001-5,000 staff across manufacturing in Jiaxing, AI R&D in Shanghai, and a regional office in Dubai.

The company's product portfolio covers ten major categories of low-voltage electrical equipment — frame circuit breakers, molded case circuit breakers, miniature circuit breakers, contactors, transfer switches, fuses, automation components (inverters, soft starters), instrumentation, switchgear, and power supply equipment — under two flagship sub-brands: the Xiangyun series for general-purpose applications and the NEXTG series (NEXTG-3/5/7) for new energy and new power systems. Tengen has built integrated AI capabilities on top of this hardware base, including the proprietary Tengen Zhihan generative AI large model (first registered with China's Cyberspace Administration in the electrical sector), the Tianzheng Tiancheng industrial internet platform, an APS-enabled smart factory recognized as one of only 11 National Excellence-level Smart Factories in Zhejiang Province, and an intelligent microgrid system for solar, wind, storage, and charging integration.

Tengen's commercial model combines enterprise field sales targeting major SOE customers (China Telecom, China Mobile, China Tower, State Grid, China Southern Power Grid, Sinopec, Jinko, China Resources, Poly, China Overseas Development), an extensive distribution network across China, and direct e-commerce channels via Tmall and JD.com flagship stores. Reported contract wins include 92% share in a 2025 China Telecom large procurement project, 100% share in China Tower's 2023 AC distribution cabinet tender, 82.61% share in China Mobile's 2022-2024 AC column head cabinet procurement, and sole-supplier status for China Overseas Development's 2025 annual procurement. The company monetizes primarily through hardware sales with customized system-solution services for digital and intelligent electrical integration.

Name

Zhejiang Tengen Electrics

Legal name

Zhejiang Tengen Electric Co., Ltd.

Website

https://tengen.com

Company type

Public

Founded year

1990

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Zhejiang Tengen Electrics is a Chinese manufacturer of low-voltage electrical equipment and digital energy management solutions — circuit breakers, contactors, switches, and the Tengen Zhihan generative AI platform — serving power utilities, telecommunications carriers, new energy developers, and real estate customers.

Ownership category

akta.pro rank

Product category

Low-Voltage Electrical Equipment

NAICS

Electrical Equipment Manufacturing (3353), Relay and Industrial Control Manufacturing (335314), Electrical Equipment Manufacturing (33531), Current-Carrying Wiring Device Manufacturing (335931)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620), Electronic Components & Accessories (3670)

akta.pro primary industry

Process Control & Automation Electronics Manufacturing Services (PLCs, I/O, DCS/SCADA hardware) (IMAGAGAK)

akta.pro secondary industries

Motor Drive & Motion Control Electronics Manufacturing Services (VFDs, servo drives, controllers) (IMAGAGAJ), EV/Industrial Charging Power Electronics (Chargers, rectifiers, power stages) (IMAGADAF)

Keywords

• Low-voltage electrical equipment
• Circuit breakers
• Industrial automation products
• Intelligent electrical systems
• Power distribution solutions

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices4 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. Electrical Equipment Manufacturing and Sales: Tengen generates revenue primarily through manufacturing and selling low voltage electrical equipment including circuit breakers, contactors, switches, meters, and automation products. The company operates through direct sales to key accounts, distribution networks, and e-commerce channels.
2. Digital and Intelligent System Solutions: The company provides customized digital and intelligent electrical system solutions for industries including new energy, communications, buildings, and industrial applications, integrating products with system design and implementation services.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Zhejiang Tengen Electrics manufactures and sells low-voltage electrical distribution and industrial control equipment — including circuit breakers (frame, molded case, miniature), contactors, automatic transfer switches, disconnectors, fuses, transformers, energy meters, and industrial automation products — under the Xiangyun, NEXTG, and TianE brands. The company provides integrated digital and intelligent electrical system solutions for new energy, power, telecommunications/data centers, smart industry, and buildings, complemented by proprietary software platforms including the Tengen Zhihan generative AI large model and the T-Giant industrial internet platform. It sells directly to enterprise customers such as State Grid, China Telecom, China Mobile, China Tower, and Sinopec, while also distributing through Tmall/JD.com e-commerce stores and a nationwide distributor network.

Product overview

Zhejiang Tengen Electric (Tengen Electric, stock code 605066.SH) is a digital electrical system service provider offering comprehensive low-voltage electrical products and integrated solutions. The product portfolio spans 10 major categories: power distribution equipment (万能式/框架断路器, 塑料外壳式断路器, 剩余电流动作断路器), terminal electrical products (小型断路器, 剩余电流动作断路器, 浪涌保护器), industrial automation (变频器, 软起动器, 控制器), meter/instrumentation products (电子式电能表, 智能仪表), medium/high voltage switchgear (户内/户外真空断路器), complete high/low voltage equipment sets, switching devices (刀开关, 自动转换开关), power supply equipment (变压器, 电抗器, 电容器, 稳压器), motor control and protection (接触器, 电动机控制与保护开关), relays (保护继电器, 热继电器, 电磁继电器), and pilot devices (按钮和信号灯, 行程开关). Key product sub-brands include the Xiangyun series (祥云) for general-purpose applications and the NEXTG series (NEXTG-3/5/7) for emerging industry and new power system scenarios. The company also operates the Tianzheng Zhihan large language model for the electrical industry and the T-Giant (天正天擎) industrial internet platform. Subsidiary Shanghai Tianyixing Intelligent Electric (上海天毅行) handles the high-end TianE Electric (天e电气) brand for new energy and smart distribution.

Differentiator

Problem solved

Functional benefit

Brands

• 天E电气 (TianE Electrical): Premium/high-end brand under 天正电气, focused on new energy and smart power distribution segments
• NEXTG
• 祥云系列
• 天正天擎

Products and services

• NEXTG Series Low-Voltage Electrical Products (NEXTG-3, NEXTG-5, NEXTG-7) Next-generation low-voltage electrical product family for emerging industries and new power systems. NEXTG-3 targets general emerging-industry applications with small size, intelligence, high performance and reliability; NEXTG-5 targets AC/DC high-voltage and high-altitude special scenarios; NEXTG-7 features cloud computing and intelligent control for digital intelligent distribution systems. The product line covers frame breakers, molded case breakers, miniature breakers, contactors, dual-power transfer switches, disconnectors, and fuses.
• Xiangyun Series Low-Voltage Electrical Products (祥云系列, including Xiangyun 3.0) General-purpose low-voltage electrical product line for broad market applications across residential, commercial, and industrial scenarios. Includes terminal leakage circuit breakers, miniature circuit breakers, and other distribution, control, and terminal devices designed for civil and industrial applications.
• TGM3R Series Fusion-Type Molded Case Circuit Breaker Integrated molded case circuit breaker with multi-parameter protection, high-precision measurement, topology identification, full-temperature sensing, multi-mode communication, and remote control. Achieved 13 patents and rated internationally advanced. Designed for smart grid digitization and user-side distribution facilities in buildings, parks, factories, and hospitals.
• TGM3Rse Measurement-Type Molded Case Circuit Breaker IoT-protocol-based molded case circuit breaker integrating measurement, protection, intelligent control, and remote communication functions. Supports node voltage, current, and energy monitoring with precise fault location and intelligent operation and maintenance for power IoT applications. Covered by 9 patents.
• TeB7E Smart Micro Circuit Breaker (TeB7E智慧微型断路器) Intelligent micro circuit breaker for communication base station energy-saving and 5G dual-carbon management. Featured at the 2024 China Communication Energy Conference as a key product for telecom and data center applications.
• Te7-DCDU Intelligent DC Metering and Control Equipment Provides branch authorization, power distribution, branch metering, and intelligent branch disconnection for multi-operator shared base stations and multi-network co-location scenarios. Offers different power supply protection strategies based on varying backup power duration requirements of different networks.
• TeW5 Frame Circuit Breaker (TeW5框架断路器) High-performance frame (air) circuit breaker for medium and low voltage power distribution. Featured in the petrochemical industry medium and low voltage transformation and distribution system solution with performance parameters meeting stringent industry customer requirements.
• TeM7 Plastic Case Circuit Breaker (TeM7塑壳断路器) High-breaking-capacity dual-breakpoint plastic case circuit breaker used as a core component in petrochemical industry solutions. Combined with the TeW5 frame breaker to form comprehensive protection for petroleum and petrochemical industry supply chains.
• TG-ESS Energy Storage Series Cabinets (TG-ESS储能系列) Energy storage system integrated cabinets including AC centralized control cabinets, DC centralized control cabinets, and storage system high-voltage boxes. The DC1500V storage system high-voltage box features waterproof design with IP65 protection, high-reliability components, and multi-protection functions designed for demanding energy storage environments.
• TGW1N Universal (Frame) Circuit Breaker (TGW1N万能式断路器) Universal (frame) circuit breaker listed as a hot-selling product on the main website. Designed for power distribution protection in industrial and commercial applications.
• TGB1N-63 Miniature Circuit Breaker (TGB1N-63小型断路器) Miniature circuit breaker listed as a hot-selling product. Awarded as a National Green Design Product by MIIT in 2021, featuring compact design and reliable overcurrent protection for residential and commercial use.
• Tengen Zhihan Generative AI Large Model (天正智瀚大模型) Industry-specific generative AI large model for the electrical sector, the first of its kind registered with China's Cyberspace Administration. Aggregates massive electrical industry data to provide one-stop solutions across power system planning, operation monitoring, fault diagnostics, and energy management, enabling intelligent product selection and automated solution generation.
• T-Giant Industrial Internet Platform (天正天擎) Industrial internet platform covering horizontal business architecture and vertical management decision-making. Significantly improves factory production efficiency, equipment utilization rate, and overall industry delivery efficiency. Enables full-process information sharing and interconnectivity from customer demand through R&D, production, and delivery.
• Tengen Smart Park Comprehensive Management System (天正智慧园区综合管理系统) AI-powered park management platform built on the three-layer architecture (sensing layer → platform layer → application layer). Enables energy management, intelligent scheduling, green energy optimization, and operational monitoring across Wenzhou and Jiaxing smart parks, achieving 95%+ green energy consumption rate and 99.99% power supply reliability.
• TianE Electrical High-End Brand (天E电气, via Shanghai Tianyixing Intelligent Electric subsidiary) High-end smart electrical distribution subsidiary offering green low-carbon power distribution products and one-stop digital energy solutions for new energy and smart distribution markets, operated under the TianE Electrical (天e电气) premium brand.

Quantifiable outcome

• Energy consumption reduced by 15-25% through AI intelligent energy-saving algorithms
• +5 more outcomes

Named customers18 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability8 records

Feature5 records

Scale indicators20 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• ABB: Swiss-Swedish major in electrification, motion, and process automation. Competes with Tengen in low-voltage switchgear, motor control, and increasingly in EV-charging and new-energy power distribution infrastructure.
• Mitsubishi Electric: Japanese industrial and electrical systems major with low-voltage switchgear, motor control, and factory automation offerings. Comparable as a global incumbent Tengen's NEXTG and TianE premium lines will compete against in export markets.
• Legrand: French global specialist in electrical and digital building infrastructures. Comparable on the building/real estate electrical side of Tengen's portfolio, including distribution boards, wiring devices, and energy management.
• Eaton: US-based power management company with a broad low-voltage electrical portfolio (circuit breakers, switchgear, power quality). Closely comparable in product scope and in targeting data center, telecom, and renewable energy customers.
• Schneider Electric: Global leader in low-voltage electrical distribution, industrial automation, and energy management. Comparable to Tengen across the full low-voltage portfolio and increasingly in AI-driven energy management software — the space where Tengen Zhihan is positioned.
• Siemens: German industrial conglomerate with a strong Smart Infrastructure division covering low-voltage distribution, building electrical systems, and grid software — overlapping heavily with Tengen's power, building, and digital solutions segments.

Direct peers

• Delixi Group: Major Chinese low-voltage electrical manufacturer with a comparable distribution breadth across China and similar SOE/government customer focus. Competes head-to-head in miniature breakers, contactors, and building distribution.
• People Electric Appliance Group: Long-established Chinese low-voltage electrical manufacturer (People brand). Direct competitor in core breaker and distribution categories, especially in industrial and infrastructure segments where Tengen also competes.
• CHINT Group: China's largest low-voltage electrical equipment manufacturer and Tengen's most direct domestic competitor. Overlaps nearly 1:1 in product categories (breakers, contactors, distribution) and customer base (State Grid, real estate, industrial).

Regional players

• LS Electric: Korean electrical equipment manufacturer with comparable low-voltage switchgear, motor control, and increasingly new-energy / data-center offerings. A relevant comparable for Tengen's regional expansion strategy into Asia and Belt-and-Road markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

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 Zhejiang Tengen Electrics