Name

Ningbo Xinda Elevator Traction Technology

Legal name

Ningbo Xinda Elevator Traction Technology Co., Ltd.

Website

https://xinda-elevator.com

Company type

Private

Founded year

1972

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Elevator and Escalator Components

NAICS

Elevator and Moving Stairway Manufacturing (333921)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Elevator Modernization & Retrofit (Controllers, Drives, Door Systems) (BPABAIAE)

akta.pro secondary industry

Elevator, Escalator & Lift Maintenance (IMAIABAF)

Keywords

• Elevator traction machines
• Escalator components
• Permanent magnet motors
• Elevator safety components
• Mechanical elevator parts

Headquarters

HQ city

Ningbo

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Elevator and Escalator Components Manufacturing: Manufactures and exports elevator and escalator traction machines, components, and spare parts to global markets through distributor networks.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Ningbo Xinda Elevator Traction Technology manufactures and exports elevator and escalator key mechanical components, with its core offerings centered on elevator traction machines (gearless permanent magnet synchronous and geared configurations), escalator traction machines, and a broad portfolio of supporting components including door operators, speed governors, oil buffers, safety gears, guide shoes, rope fastenings, control panels, and spare parts. These products are designed for new installations as well as replacement/maintenance of elevator and escalator systems in residential, commercial, industrial, and transportation buildings globally.

Product overview

Ningbo Xinda Elevator Traction Technology operates as a diversified manufacturer and exporter of elevator and escalator mechanical components. Its portfolio centers on two core product families: Elevator Traction Machines (comprising Gearless Permanent Magnet Synchronous machines — including the Mini, Diana, WYJ, and WTYF series — and Geared Traction Machines such as the YJ series) and Escalator Traction Machines (the ET125, ET160, ETR series). These traction machines are complemented by a comprehensive ecosystem of elevator components including Elevator Door Operators (center-opening and two-speed with VVVF drive), Elevator Speed Governors (rope governors and limiters from 0.25–2.5 m/s), Elevator Oil Buffers (hydraulic and polyurethane types), Elevator Safety Gears (up to 7,500 kg gross mass), Elevator Guide Shoes (sliding and roller types for speeds up to 5.0 m/s), Elevator Rope Fastenings, Car Operating Panels/Hall Operation Panels, Elevator Door Locks, Elevator Buttons, Cabin Ceilings, Cabin Decorations, and Escalator Spare Parts. The company positions itself as a full-line supplier capable of outfitting complete elevator and escalator systems with mechanical and safety-critical components rather than a platform or software product.

Differentiator

Problem solved

Functional benefit

Products and services

• Elevator Traction Machine Core elevator hoisting machinery that uses traction (rope winding over a sheave) to move elevator cars. Available in Gearless (permanent magnet synchronous, no gearbox) and Geared (with gearbox for higher speed) configurations for elevator manufacturers and installation contractors.
• Gearless Traction Machine Permanent magnet synchronous gearless traction machines that directly drive the sheave without a gearbox, offering energy efficiency and compact design for machine-roomless (MRL) elevators. Sold to elevator OEMs and installation contractors.
• Geared Traction Machine Traction machines incorporating a gearbox (e.g., YJ series) suitable for mid-to-high-speed elevators and gear-driven escalators, including VVVF drive variants for variable-speed control. Sold to elevator OEMs.
• Escalator Traction Machine Traction machines specifically designed for escalator propulsion, with noise levels below 64 dB(A) and torsional vibration control. Sold to escalator manufacturers, transit authorities, and commercial property developers.
• Elevator Door Operator Automated door control systems for elevator cars and landings, including center-opening, two-speed, and split-door configurations with AC variable-frequency control, synchronous belt drive, and car door lock functions. Sold to elevator manufacturers and service companies.
• Elevator Speed Governor Overspeed safety devices (rope governors and limiters) that monitor elevator rope speed and trigger safety gears when excessive speed is detected. Sold to elevator manufacturers and service companies.
• Elevator Oil Buffer Hydraulic and polyurethane buffers installed in elevator pits to absorb landing impact. Sold to elevator manufacturers and modernization service companies.
• Elevator Safety Gear Safety mechanisms that clamp guide rails to stop elevators during overspeed or freefall. Sold to elevator manufacturers and safety-critical service providers.
• Elevator Guide Shoe Sliding and roller guide shoes that keep elevator cars and counterweights aligned on guide rails. Sold to elevator manufacturers and service companies.
• Elevator Rope Fastening Wire rope termination and anchoring hardware including wedge sockets, welded rope fasteners, and rope ends for elevator installations. Sold to elevator manufacturers and service companies.
• Car Operating Panel (COP) and Hall Operation Panel (HOP) In-car and landing call panels for elevator passenger interface, supporting multiple operating voltages and display options. Sold to elevator manufacturers and building contractors.
• Elevator Cabin Decoration Interior cabin finishing elements including arched roofs, floor decorations, side wall panels (stainless steel hairline and mirror finish), handrails, acrylic glass panels, and observation elevator car configurations. Sold to elevator installation contractors and building developers.
• Elevator Door Lock Door locking mechanisms installed on door machines and operators to secure elevator doors during travel. Sold to elevator manufacturers and service companies.
• Elevator Button Push buttons and calling boards for elevator hall calls and car operations, including multiple series supporting various voltage ratings. Sold to elevator manufacturers and service companies.
• Escalator Spare Parts Consumable and wearing parts for escalators including skirt brushes, sensors and switches, chains, rollers, and other replacement components. Sold to escalator service and maintenance companies.
• Elevator Spare Parts Replacement parts for elevators including light curtains, guide rails, encoders, electrical parts, and door spare parts. Sold to elevator maintenance and service companies.
• Escalator Components Broader escalator mechanical components beyond traction machines, including driving chains, step chains, comb plates, handrails, and structural parts. Sold to escalator manufacturers and service companies.

Quantifiable outcome

• Global annual sales reached US$238 million in 2011 (parent company)
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• China Ningbo Xinda Group Co., Ltd.coreOthersParent company of Ningbo Xinda Elevator Traction Technology. With multi-industry and self-supporting import and export rights, China Ningbo Xinda Group Co., Ltd. is one of the largest manufacturers for elevator key mechanical components in the world.

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• KONE: KONE is one of the world's largest elevator and escalator manufacturers, headquartered in Finland. While KONE operates across the full elevator value chain including components, service, and maintenance, Xinda competes with it as a supplier of traction machines and elevator components in markets where Xinda's cost advantage matters.
• Hitachi Elevator (China): Hitachi operates a major elevator business in China and globally through its elevator division. As a broad incumbent with strong Asia-Pacific presence, it is a competitor in both component sourcing and finished elevator supply where Xinda operates.
• ThyssenKrupp Elevator (TK Elevator): TK Elevator is a major global elevator manufacturer with broad product and service offerings. As a broad incumbent, it competes with Xinda in both new installations and modernization projects across multiple geographies.
• Hyundai Elevator: Hyundai Elevator is a major Korean elevator manufacturer serving both domestic and international markets with a full elevator and escalator portfolio. It is comparable to Xinda as a competing Asian-headquartered elevator manufacturer with global export ambitions.
• Mitsubishi Electric (Elevator Division): Mitsubishi Electric's elevator and escalator division is one of the largest global players, particularly strong in Asia. Xinda's PM gearless technology directly competes with Mitsubishi's proprietary elevator drive systems, especially in the Southeast Asian and Middle Eastern markets where both have presence.
• Toshiba Elevator and Building Systems: Toshiba Elevator is a major Japanese elevator manufacturer with significant Asia-Pacific market share and global modernization business. It competes with Xinda in both OEM traction machine supply and aftermarket replacement component markets, particularly across Asia.
• Schindler Group: Schindler is a major global elevator and escalator manufacturer with operations across installation, service, and modernization. Xinda competes with Schindler's component sourcing decisions in both OEM and aftermarket channels, particularly in commercial buildings and infrastructure projects.
• Otis Worldwide: Otis is the global leader in elevators, escalators, and moving walkways with the world's largest installed base. Although Otis primarily manufactures and services complete systems, it is a key competitive reference for Xinda's component offerings, especially in modernization and replacement parts.

Direct peers

• Canny Elevator: Canny Elevator is a Chinese elevator manufacturer with global operations, producing a wide range of elevators and components. It directly competes with Xinda in both OEM component supply and finished elevator systems, particularly in emerging markets.
• Suzhou Jiangnan Elevator (SJEC): SJEC is a Chinese elevator manufacturer specializing in traction machines and elevator components, similar to Xinda. It is one of the most direct competitors, competing in both domestic Chinese and international export markets for elevator components.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Ningbo Xinda Elevator Traction Technology