An electric motor is a machine that converts electrical energy into mechanical energy. Most electric motors operate through the interaction between the motor's magnetic field and electric current in a wire winding to generate force in the form of torque applied on the motor's shaft. An electric generator is mechanically identical to an electric motor, but operates in reverse, converting mechanical energy into electrical energy.
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities.
Zhejiang Geely Holding Group Co., Ltd. (ZGH), commonly known as Geely Holding, is a Chinese multinational conglomerate headquartered in Hangzhou, Zhejiang. The company is privately owned by Chinese entrepreneur Li Shufu, and mainly engaged in the automotive industry.
Aisin Corporation is a Japanese corporation that develops and produces components and systems for the automotive industry. Aisin is a Fortune Global 500 company, ranked 359 on the 2020 rankings. Aisin is a member of the Toyota Group of companies.
China FAW Group Corp., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Changchun, Jilin. Founded on 15 July 1953, it is currently the second largest of the "Big Four" state-owned car manufacturers of China, together with SAIC Motor, Dongfeng Motor Corporation and Changan Automobile.
Aluminum Corporation of China Limited, is a state-owned multinational aluminium company headquartered in Beijing, People's Republic of China. It is a publicly-traded company, listed in Hong Kong and in Shanghai. In 2021, it was the world's largest aluminum producer, ahead of China Hongqiao Group, Rusal and Shandong Xinfa.
Mitsui & Co., Ltd. is one of the largest sogo shosha in Japan; it is part of the Mitsui Group.
Guangzhou Automobile Group Co., Ltd. is a Chinese state-owned automobile manufacturer headquartered in Guangzhou, Guangdong. Founded in 1954, it is currently the fifth largest automobile manufacturer in China, with 2.144 million sales in 2021.
Dongfeng Motor Group Co., Ltd., doing business as DFG, is a Chinese holding company based in Wuhan, Hubei. Its H shares were listed on the Hong Kong stock exchange.
Shanghai Electric is a Chinese multinational power generation and electrical equipment manufacturing company headquartered in Shanghai. The company traces its roots to 1880.
China's electric motor industry has been developed for 60 years. Most manufacturers produce low power and small-size motors. Small motor manufacturers are mostly located in Zhejiang province, Fujian province, and Guangdong province. Only a few motor manufacturers produces high power and large-size motors, for example Wannan Motor and Sogears Motor.
TMEIC is a joint venture between Toshiba and Mitsubishi Electric headquartered in Tokyo, Japan, specializing in industrial electric and automation systems for industrial plants. The company develops and produces power electronics apparatus, electric motors, drives, and uninterruptible power supplies. TMEIC has worldwide operations with approximately 4500 employees.
TECO Electric & Machinery Co. Ltd. is a Taiwanese company established on 12 June 1956 as an industrial electric motor manufacturer. It has progressively grown to around an 8% market share. TECO is ranked fifth in the global low-voltage AC motor market, representing 4% of the global total.
Dongfeng Motor Corporation Ltd. is a Chinese state-owned automobile manufacturer headquartered in Wuhan, Hubei. Founded in 1969, it is currently the smallest of the "Big Four" state-owned car manufacturers of China with 671,000 sales in 2023, below SAIC Motor, Changan Automobile and FAW Group.
China Nonferrous Metal Mining (Group) Co., Ltd. is a Chinese corporation involved with the mining of non-ferrous mineral resources. Established in 1983, it is a large central enterprise managed by the State-owned Assets Supervision and Administration Commission of the State Council.
The Fujian Motors Group is based in the Fujian Province, China and was founded in 1992.
Huayou Cobalt Co., Ltd primarily operates as a supplier of cobalt and its associated products, such as cobalt tetroxide, cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, and cobalt monoxide. The company is headquartered in the Tongxiang Economic Development Zone of Zhejiang, China.
China Hongqiao Group Limited is a company founded in 1994 that specializes in the production of aluminium. Hongqiao is currently the second largest aluminium producer in the world after Chinalco. It is listed on the Hong Kong Stock Exchange with stock code 1378, and is incorporated in George Town, Cayman Islands.
An axial flux motor is a geometry of electric motor construction where the gap between the rotor and stator, and therefore the direction of magnetic flux between the two, is aligned parallel with the axis of rotation, rather than radially as with the concentric cylindrical geometry of the more common radial flux motor. With axial flux geometry torque increases with the cube of the rotor diameter, whereas in a radial flux the increase is only quadratic. Axial flux motors have a larger magnetic surface and overall surface area than radial flux motors for a given volume.
