Intro:

Even electric motors are getting their own “CEO drama” these days.
Meet Wolong Electric — a manufacturing powerhouse playing out a real-life business saga.
A self-made Zhejiang entrepreneur, his Imperial College‑educated daughter, and a son-in-law who worked his way up for 11 years before taking the helm. Now, the next chapter is being written on the Hong Kong stock exchange.

The Latest Move:

Wolong Electric (600580.SH) has filed an application to list on the Main Board of the Hong Kong Stock Exchange, pursuing an “A+H” dual-platform strategy. Notably, the company has been publicly traded on the Shanghai Stock Exchange since 2002, becoming China’s first privately owned motor company listed on the A-share market.

The Wolong Group:

The Wolong Group empire, built single-handedly by Shangyu native Chen Jiancheng, already includes three listed companies: Wolong Electric and Wolong New Energy (600173.SH) on China’s A-share market, plus Brook Crompton listed in Singapore.
In recent years, a new generation has taken over. Chen’s daughter, Chen Yanni (born in the 1980s), has joined as a shareholder, while her husband, Pang Xinyuan, has stepped directly into the role of Group Chairman. Under their leadership, Wolong Electric has evolved from a small township factory into the world’s leading manufacturer of explosion-proof motors — and is now expanding into robotics and the low‑altitude economy. This four‑decade business legend is far from over.

Founder’s Journey:

Born in 1959 in Shangyu, Zhejiang, Chen Jiancheng graduated from the Department of Mechanical Engineering at Hangzhou University (now Zhejiang University). In 1984, at age 25, he and five partners pooled over 50,000 yuan, rented a dilapidated factory building in Haoba Township, and founded the Shangyu County Multi-Speed Micro Motor Factory — the predecessor of Wolong Electric Drive.
In the 1990s, Chen spotted an opportunity in the Home Appliance industry. He was among the first to enter the household motor sector, producing small motors for air conditioners and washing machines. With stable quality and strong cost‑performance, Wolong quickly gained a foothold, laying the foundation for its future dominance. In 2002, Chen led the company to an A-share listing, opening its path in capital markets.

The Next Generation:

Today, at 67, this Zhejiang business tycoon has gradually handed the baton to the next generation.
Chen Yanni (daughter, born 1982): A graduate of Imperial College London, she played a key role in the group’s overseas acquisitions early in her career. After joining Wolong Group in 2015, she became Director of the Strategic Investment Department, driving expansion into emerging sectors.
Pang Xinyuan (son-in-law, 46): Joined the company in 2014 as a director. From January 2016 to January 2022, he served as General Manager, and since January 2022, he has been Chairman, overseeing the group’s overall strategy. He holds degrees from Shanghai Jiao Tong University and the University of Leeds, and previously worked at Vishay China, bringing extensive multinational management experience.

Wolong is Powering Your Future:

From a rural workshop to a global giant — Wolong Electric rise reads better than a blockbuster novel. Now, as this “motor king” pushes toward a Hong Kong listing while venturing into robotics and the low‑altitude economy, the powerful combination of the Zhejiang businessman father, his accomplished daughter, and their high‑achieving son‑in‑law is driving a magnificent transformation in traditional manufacturing.

We Power Your Future!