Lonco Sprints for GEM IPO by Deeply Devoting to Permanent Magnet Synchronous Motors

The evening of April 24, the Shenzhen Stock Exchange formally accepted Suzhou Longo Motor Technology Co., Ltd. (hereinafter referred to as “Longo High-Tech”) GEM initial public offering stock applications, this deep plowing high-performance permanent magnet synchronous motor field of the leading enterprises, once again the industry's attention focused on the new energy commercial vehicles supporting parts and components track.

It is understood that LongTech is mainly engaged in the research and development, production, sales and service of high-performance permanent magnet synchronous motors, and occupies an absolute leading position in the segment. According to the sales volume, in 2025, the company's market share in China's new energy mining truck drive motors more than 70%, ranked first in the industry; in the field of new energy heavy-duty truck drive motors market share of about 28%, ranked second in the industry, and at the same time in the new energy buses, wind turbine pitch motors and other fields are also in the forefront of the industry, the product coverage of new energy commercial vehicles, off-road mobile machinery, wind power and so on. Our products cover new energy commercial vehicles, off-road mobile machinery, wind power and other core fields.

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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