Established in October 2017, Zhuzhou Zhaoyuan Company has more than 500 employees and is one of the top ten taxpayers in 2017 and 2018 in Lukou District, Zhuzhou City. The company is specialized in researching,producing and selling of high-end magnet wire products. As the heart of motors and generators, magnet wires have high-end sales fields and high technology content, mainly covering the fields of rail transit (motor vehicles, high-speed rail), clean energy (wind power) and new energy vehicles. The company's main customers are CRRC Zhuzhou Electric, Xiangtan Electric, Dongfang Electric, Bombardier and other domestic southern state-owned enterprises and Fortune 500 foreign-funded enterprises. The products mainly serve national strategies, key projects and key projects with a century-long plan. The company's magnet wire products have a market share of more than 60% in the domestic new energy power generation field and more than 70% in the rail transportation field. As the quality benchmarking enterprise and partner of CRRC Zhuzhou Electric, CRRC is the largest magnet wire supplier of CRRC. Over 70% of CRRC's "Fuxing" train motor magnet wires are supplied by the company. The company's products together with CRRC's has been exported to 104 countries in the world
