Zhejiang Pengsheng Technology Co., Ltd. was established in May 2021. It is a joint venture established by Jiaxing Pengcheng Magnetic Steel Co., Ltd. and Jiaxing Pengsheng Electromechanical Co., Ltd. with a joint investment of 120 million yuan. The company is located in the core of the Yangtze River Delta integration demonstration. Zhongxin Modern Industrial Park, Jiashan County, Zhejiang Province, covers an area of 21 acres and has a construction area of more than 30,000 square meters.

   The company specializes in the research and development, production and sales of DC motors, brushless motors, series motors, servo motors, rare earth samarium cobalt, and NdFeB permanent magnet materials. Motor products are widely used in all kinds of intelligent equipment, CNC machinery, garden tools, electric tools, etc. Rare earth magnets are mainly used in high-tech and daily life fields such as various motors, electronic instruments, sensors, communication electronics, health care, national defense and military industries.