Focusing on Permanent Magnet Synchronous Motors, Lang High-Tech Aims for a ChiNext IPO—Jiuju Motor’s Automated Assembly Line

On the evening of April 24, the Shenzhen Stock Exchange officially accepted the application for an initial public offering (IPO) on the ChiNext board submitted by Suzhou Langao Motor Technology Co., Ltd. (hereinafter referred to as “Langao Technology”). As a leading enterprise deeply rooted in the field of high-performance permanent magnet synchronous motors, the company has once again drawn the industry’s attention to the sector of components for new energy commercial vehicles. It is understood that Langgao Technology is primarily engaged in the R&D, production, sales, and servicing of high-performance permanent magnet synchronous motors, holding an absolute leading position in this niche market. In terms of sales volume, the company is projected to hold a market share exceeding 70% in China’s new energy mining truck drive motor sector by 2025, ranking first in the industry; it held a market share of approximately 28% in the new energy heavy-duty truck drive motor sector, ranking second in the industry; it also maintained a leading position in sectors such as new energy buses and wind turbine pitch control motors, with products covering multiple core areas including new energy commercial vehicles, off-road mobile machinery, and wind power.

With reliable product quality and leading technology, Lonco has won the recognition of benchmark enterprises in various industries, and its core customers include Sany Group, Yutong Group, China National Heavy Duty Truck Corporation (Sinotruck), Xugong Group, Goldwind Science and Technology and other well-known enterprises, with high quality and stable customer resources. It is worth noting that since the company started IPO counseling at the end of October 2025, it has successfully completed two phases of counseling in just over five months, with the counseling cycle much shorter than the industry average, which also reflects the standardization of the company's operation and maturity of development from the side.

In recent years, with the acceleration of green transformation in mining, engineering, logistics and other fields, the electrification penetration rate of new energy mining trucks, heavy trucks and other heavy vehicles is rapidly increasing. Data show that in 2025 the domestic new energy heavy truck sales year-on-year growth of more than 180%, the market penetration rate is close to 30%, mining and other closed scene penetration rate is more than 60%, which directly drove the upstream high-performance drive motors market demand outbreaks, the head of the motor enterprise ushered in a window of rapid expansion.

  Vigorous market demand, forcing motor manufacturing enterprises to accelerate capacity upgrading and process iteration. In the upper reaches of the industrial chain, the automation equipment represented by Jiuju permanent magnet synchronous motor automatic assembly line is providing key support for the scale development of the industry. This kind of equipment through the integration of visual positioning, servo control and other technologies, to realize the motor assembly of the whole process of automation, not only will the production efficiency increased by several times, but also the assembly precision control in the micron level, effectively guarantee the performance of the motor product consistency, to help the motor enterprises in the rapid expansion of production at the same time, to protect the bottom line of product quality, to adapt to the high-performance motor of the precision production needs.

Industry analysis, with the new energy heavy-duty vehicle market continues to expand, permanent magnet synchronous motor industry will usher in a new round of growth cycle, while the industry chain upstream and downstream synergistic upgrading, will further promote the industry to high quality, the direction of the scale of the development of the industry for the green transformation of the industrial sector to inject a stronger impetus.

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