Wolong Monterrey plant expansion & new product launch

On November 4th local time in Mexico, the Wolong Monterrey Plant Expansion Ceremony & New Product Launch, centered around the core theme of “Green & Low Carbon, Driving the Future,” grandly commenced at the InterContinental Hotel in Monterrey. This industry event, focused on the high-efficiency electric drive sector, attracted over 100 key clients and strategic partners from the United States, Mexico, Canada, Italy, and other countries and regions. Guests gathered to witness the important milestone of the new plant’s completion, participated in an immersive tour of the innovative achievements displayed at the Wolong Mexico exhibition hall, and engaged in in-depth exchanges regarding trends in green industry and opportunities for cross-regional cooperation, injecting new momentum into the collaborative development of the global low-carbon industrial chain.The event agenda was compact and full of highlights. Several industry leaders and Wolong’s core executives took the stage successively, comprehensively showcasing Wolong’s robust capabilities and forward-looking vision in the green electric drive field, from strategic layout to product technology.

Following the exciting new product launch segment, the event reached its climax — Mr. Pang Xinyuan, Chairman of Wolong Electric Drive Group, invited attending guests to join him on stage for the ribbon-cutting ceremony marking the Monterrey plant’s completion. As the ribbons fell, applause and cheers interwove, signifying a critical step in Wolong’s layout of the green electric drive industry in the Americas region and opening a new chapter of cooperation for the development of the global low-carbon industry.

Wolong Electric Drive Group (originally Wolong Electric Group) is headquartered in Shaoxing City, Zhejiang Province, China. It is a large enterprise whose main businesses include motors and control systems, power batteries, and photovoltaic energy storage. In December 2017, the Group signed an agreement with General Electric (GE) and successfully completed the acquisition of GE’s mid- and low-voltage motor business on June 30, 2018, for a total of $160 million in an all-cash transaction. The core asset acquired in this deal was the plant located in Monterrey, Mexico, which was GE’s main industrial motor production site. Spanning 127,000 square meters, this facility had been operational for many years.

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