At the beginning of the new year in 2021, the permanent magnet motor market of Harbin Electric Group Jiadian Co., Ltd. (hereinafter referred to as "Jiadian Co., Ltd.") has made a good start to the new year. Since January 5, Jiadian Co., Ltd. has successively received the bid-winning notices for permanent magnet motors in three projects including Ningxia Taisheng Biotechnology Co., Ltd., with the bid-winning amount as high as 48 million yuan, marking Jiadian Co., Ltd.'s new achievements in the field of permanent magnet motors and a good start for Jiadian Co., Ltd. to fully complete all its work targets in 2021.
Jiadian has always followed the basic principles of "technology-driven, user-centric, and creating value for customers" to provide users with customized permanent magnet motor systems. Since 2019, Jiadian has taken the research and development and market promotion of permanent magnet motors as a focus of the company's product transformation and upgrading. Most of the products are high-end customized permanent magnet motors, because of their high efficiency, low vibration, and low noise. And high reliability and other advantages, once promoted, it has been widely recognized by users, and has now achieved industrialization of 0.103 billion yuan. The successful winning of the permanent magnet motor has laid a solid foundation for the sustained high-quality development of Jiadian shares.