- Business
- Hangzhou Weiguang Electronic Co., Ltd. (002801.SZ) researches, develops, manufactures and sells motors, fans, micro-motors, drives and controllers, robots and automation equipment, pumps, small and special electrical machines, and new energy auto parts. The company offers refrigerator motors, ECM motors, servo motors, shaded pole motors; external rotor axial fans (AC and EC), internal rotor axial fans (EC), external rotor centrifugal fans (AC and EC), centrifugal compact fans, EC forward double inlet centrifugal fans; and automotive air conditioning units. Its products serve applications in refrigeration and HVAC, textile machinery, industrial automation, robotics, electric power, communication, household appliances, automobiles and military industries across seven major sectors and 27 sub-sectors. Founded in 1986 and headquartered at No. 365 Xingzhong Road, Linping District, Hangzhou, China, the company operates primarily in China with international expansion and maintains four wholly-owned subsidiaries: Hangzhou Weiguang Technology Co., Ltd., Hangzhou Weiguang Venture Capital Co., Ltd., Hangzhou Weiguang Import & Export Co., Ltd., and Weiguang (Thailand) Co., Ltd. In recent developments, the company held a groundbreaking ceremony in March 2023 for its Thailand factory in the Thai-Chinese Rayong Industrial Zone, with production scheduled to commence in December 2024 to support overseas growth; overseas sales and orders grew year-on-year in 2024. It launched digital factory construction through a July 2022 strategic cooperation agreement with Zhejiang iMotorLinx Technology Co., Ltd., and continues expanding refrigeration motors and fans into new fields while increasing R&D in energy-efficient motors, servo systems, motion control and automation as part of its five-year plan for high-quality development. The company plans participation in international exhibitions including MCE 2026 in Milan, AIRVent 2026 in Moscow, and AHR Expo 2026 in Orlando.