Zhejiang Founder Motor Co., Ltd.

Company Profile




No.73, Shiniu Road, Shuige Industrial Park, Liandu District, Lishui 323000, Zhejiang, China

Business Overview

-A China-based supplier established in 1995. Mainly engaged in research and development, production and sales of drive motors, supporting motor and powertrain control products, intelligent controllers and micromotors for New Energy Vehicles.

-In recent years, the Company has expanded its automotive components business in China by acquiring companies such as Shenzhen Gold Corolla Electronics Co., Ltd., a motor control system supplier, Hangzhou Dewos Electric Technology Co. Ltd., a motor supplier for New Energy Vehicles, and Shanghai High Energy Auto Electronic Co., Ltd., a diesel engine electronic control unit supplier.

-The Company has five production plants, four in China: Shanghai, Hangzhou, Shenzhen, and Hubei; and one in Vietnam.

-In 2022, the installed capacity of drive motors for New Energy Vehicles in China was 8.704 million units, a year-on-year increase of 167%. Among suppliers of drive motors, Founder Motor ranked third.

-The Company supplies drive motors to major Chinese OEMs, independent brands, NEV manufacturers, and global Tier1s such as SAIC-GM-Wuling, Geely, SAIC, Chery, XPeng, HYCET Transmission Systems, and XPT (Nanjing) E-Powertrain Technology Co., Ltd. It supplies drive motors for the Wuling Hongguang Mini EV and the XPeng P7 and G9.

-In 2022, the flat wire motor independently developed by the company has been put into mass production. The joint venture Yanfeng Adient Founder Motor Co., Ltd. produces more than 20 million seat motors annually.


-Listed on the Shenzhen Stock Exchange (As of Dec. 31, 2022)
Major Shareholders Shareholding ratio (%)
Excellence Automobile Co., Ltd. 3.01
Min ZHANG 5.6
Huzhou Smart Drive Technology Industry Development Co., Ltd. 9.03
Other shareholders 82.36
Total 100.00


-Powertrains for NEVs (New Energy Vehicles)
-Permanent magnet brushless motors
-Permanent magnet synchronous motors
-AC induction motors
-Switched reluctance motors
-EV motors
-Power steering pump motors
-Seat motors
 ・Seat front lift motors
 ・Seat rear lift motors
 ・Seat horizontal motors
-Wiper motors
-Vehicle controllers
-Motor controllers
-Steering valve controllers
-Electronic control units for diesel injection
-Electronic control units for gas engines
-Rear drive control units for exhaust
-AMT:Automatic manual transmissions
-Electronic steering pumps
-Electric motor drives for NEVs


1995 Lishui Founder Electric Motor Manufacturing Co., Ltd. (former) was established.
Dec. 2001 Changed name to Zhejiang Founder Motor Co., Ltd.
Dec. 2007 Listed on the Shenzhen Stock Exchange.
2009 Set up the New energy Motor Division.
Dec. 2009 Established subsidiary Lishui Zhengde Electric Control System Manufacturing Co., Ltd.
2011 Established subsidiary Founder Motor (Vietnam) Co., Ltd.
Nov. 2014 Acquried 100% shares of Shenzhen Gold Corolla Electronics Co. Ltd.
Nov. 2014 Acquried 57.9% shares of Hubei Qianchao Automotive Components Co., Ltd. from Wanxiang Qianchao.
Dec. 2014 Acquried 42.1% shares of Hubei Qianchao Automotive Components Co., Ltd. Hubei Qianchao Automotive Components Co., Ltd. has become a wholly owned subsidiary.
Jun. 2015 Acquried 100% shares of Shanghai High Energy Auto Electronic Co., Ltd. and Hangzhou Dewos Electric Technology Co., Ltd.
Jun. 2015 Subsidiary Hubei Qianchao Automotive Components Co., Ltd. changed name to Zhejiang Founder (Hubei) Auto Parts Co., Ltd.
Dec. 2018 The Company signed an agreement with Yanfeng Adient Seating Co., Ltd. to set up a joint venture named Yanfeng Adient Fundamental Motor Co., Ltd. in the city of Lishui, Zhejiang Province.
Apr. 2019 The Company merged a wholly-owned subsidiary, Hangzhou Dewos Electric Technology Co., Ltd.
Jun. 2019 Mr. Min ZHANG, a controlling shareholder of the Company transferred his 15.84% stake to Excellence Automobile Co., Ltd.
Jul. 2019 The Company transferred all the shares in its wholly owned subsidiary Founder Motor (Vietnam) Co., Ltd. to its subsidiary Shanghai High Energy Auto Electronic Co., Ltd.
Jul. 2019 The Company decided to let its subsidiary Shanghai High Energy Auto Electronic Co., Ltd. establish the Fundamental Motor (Vietnam) Co., Ltd. in the city of Ho Chi Minh, Vietnam.
Oct. 2019 The Company established a wholly-owned subsidiary named Yicheng Founder Hi-tech Co., Ltd.
Jun. 2020

Established GCE (Vietnam) Electronics Co., Ltd. in Longjiang Industrial Park, Vietnam.

Jul. 2020

Established Zhejiang Deqing Founder Drive System Co., Ltd.

Sep. 2020

Established Lishui Founder Zhiqu Applied Technology Research Institute Co., Ltd.

Jun. 2021

Established Shanghai Rayon New Composite Materials Co., Ltd.

Nov. 2022

Established Fangde Weite Motor (Lishui) Co., Ltd.

Supplemental Information 1