Family of Brand:
Stock code: 600580
Development Path
Key milestones in development and global M & A
1984
■ The first year of Wolong enterprise
1985
■ The first generation products—JW Series motors were manufactured
1986
■ Wolong held the shares of China Minsheng Banking Corp., Ltd.
■ Wolong issued its new Enterprise Spirit: “Being pragmatic and seeking refinement to strive for excellence and innovation”.
1999
■ Wolong founded Shaoxing Oli-Wolong Vibrating Machinery Co., Ltd as a joint venture with Oli Italy
2002
■ On June 6th, Wolong Technology’s shares were issued. The stock code is 600580.
■ Wolong was restructured as Zhejiang Wolong Holding Group Co., Ltd.
■ Wolong acquired Zhejiang Dengta Storage Battery Co., Ltd and renamed it as Zhejiang Wolong Dengta Battery Co., Ltd.
2004
■ Wolong implemented OA system
■ Wolong deployed to build group’s three basic framework strategies of manufacturing, real estate, and financial investment
■ Wolong founded the joint venture company Zhejiang Wolong Home Appliance Motor Co., Ltd with Panasonic Co., Ltd
2005
■ Zhejiang Wolong Technology Co., Ltd was officially renamed as Wolong Electric Group Co., Ltd.
■ Wolong merged Yingchuan Transformer, and renamed it as Wolong Electric Yinchuan Transformer Co., Ltd.
■ Wolong launched the reserve talents (leader) cultivating project to expand its professional talent pool.
2009
■ Wolong invested to found Zhejiang Wolong Venture Capital Investment Co., Ltd
■ Wolong invested to found Zhejiang Wolong Transformer Co., Ltd
■ Wolong merged Beijing Huatai Transformer Co., Ltd, and renamed it as Wolong Electric Beijing Huatai Transformer Co., Ltd
2011
■ Wolong acquired 97.94% shares of ATB Group—the third largest motor manufacturer in Europe
■ Wolong founded Financial Investment Business Division
■ Wolong merged Shandong Yantai Dongyuan Transformer Co., Ltd, and renamed it as Wolong Electric Yantai Dongyuan Transformer Co., Ltd
■ Wolong Holding Group Party Committee was honored with “Two-strong Top-hundred Party Organization” of provincial level non-state-owned enterprises
2013
■ The 500kV ultra-high voltage intelligent auto-coupling power transformer has passed the test of the whole process of the national testing center to fill the blank of the ultra-high voltage transformer field in Zhejiang Province
■ Acquired Jiangsu Qingjiang Motor Manufacturing Co., Ltd., a subsidiary of Midea, and changed the establishment of Wolong Electric Huai'an Qingjiang Motor Co., Ltd
■ Wolong Japan Research Institute was established in Osaka, Japan
■ Wolong Electric's first 863 plan - "high-power high-voltage variable frequency speed control technology development" passed the acceptance
2014
■ Acquisition of Italian SIR Robotics Application Company
■ Wolong successfully held its 30th anniversary celebration: China Zhizhi Summit Forum, Celebration Gala, and the 5th Staff Games
Acquisition of Zhangqiu Haier Motor Co., Ltd., change to establish Wolong Electric Zhangqiu Haier Motor Co., Ltd.
■ Wolong Electric and Kaishan Co., Ltd. jointly established Kaishan Motor Co., Ltd.
The new products of Wolong UHV transformer passed the national product appraisal successfully.
2015
■ Successfully acquired and merged Nanyang Explosion-proof Group Co., Ltd., and changed the establishment of Wolong Electric Nanyang Explosion-proof Group Co., Ltd., which is the largest and most comprehensive motor manufacturer in China
■ Wolong Electric Group successfully acquired Italian OLI company
■ Wolong Holding Group and Export-Import Bank Zhejiang Branch signed a 10 billion strategic cooperation agreement
Secretary of the Provincial Party Committee and Director of the Standing Committee of the Provincial People's Congress Xia Baolong came to Wolong for investigation
■ Merger of Hill Robot $40M and Euroforce Vibration $80M
2016
■ Mergers and acquisitions Rongxin transmission $60
2018
■ Opening of new factory in Nanyang (China)
■ Opening of new factory in Vietnam
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