- Business
- Zhejiang Hongchang Electrical Technology Co., Ltd. (301008.SZ) engages in the research, development, production and sale of fluid solenoid valves, sensors and other electrical accessories primarily for smart home appliances and automotive applications in China. The company offers a comprehensive range of products including solenoid valves for washing machines, dishwashers, smart toilets and water purifiers; water level sensors for machines; door locks for washing machines; high and low pressure switches for water purifiers; dispensers and auto-dosing systems; modular components; electronic water pumps; switches; automotive interior parts assemblies such as door panel assemblies, column assemblies, luggage compartment assemblies and coat rack assemblies; front and rear bumper injection molding; mold inspection tools; precision injection molds; non-standard automation equipment; harmonic drives; planetary reducers; and joint modules. Founded in 1996 and headquartered at No. 788 Xinhong Road, Qiubin Street, Wucheng District, Jinhua, Zhejiang Province, China, the company serves major downstream clients including Haier Group, Midea Group, Hisense Group, Panasonic Group and TCL Group, with products applied in fully automatic washing machines, water purifiers, smart toilets, dishwashers and automotive components. In recent developments, the company announced on August 5, 2025, plans to commit RMB 150 million in a new partnership with Zhejiang Venture Capital and others targeting high-end equipment manufacturing, new materials, artificial intelligence and related sectors; invested a total of RMB 30 million in February and May 2025 in Good Quality Joints for a 30% stake, and jointly established Hangzhou Hongzhi Motor Technology Co., Ltd. with a 70% stake to develop frameless torque motors, securing future priority merger rights; and plans batch deliveries of automotive door panels in 2025 to expand its auto business revenue.