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  3. History

History

What followed the first inverter in 2005 is the stuff of fairytales.
  • 2005-2009
  • 2010-2014
  • 2015-2019
  • 2020-2023

2005: VEICHI set up business

VEICHI set up business in Shenzhen.

VEICHI produced the first generation of frequency inverters.

2013: Suzhou VEICHI was established

Suzhou VEICHI Electric Co., Ltd. was established.

The first generation servo system was successfully developed.

Construction lifts and tower cranes were launched.

2014: Suzhou VEICHI was put into construction

The first phase of the Suzhou VEICHI project was put into construction.

SD6X0 electro-hydraulic servo and VE series PLC products were launched.

2015: AC80C was launched

AC80C high-performance vector inverter was launched.

The first phase of the Suzhou VEICHI project was topped off.

2016: Suzhou VEICHI put into operation

The first phase of the Suzhou VEICHI project was put into operation.

Servo motion controller and AC200 inverter were launched.

2017: SI30 Solar pump inverter was launched

SI30 Solar pump inverter was launched.

VEICHI won the title of "High-tech Enterprise".

VEICHI adjusted its strategy and implemented to regional + industry marketing model.

2018: SD700 servo system was launched

SD700 series servo motor drive system was launched.

AC300 high performance inverter was fully listed.

2019: VEICHI India was Establish

VEICHI India (Subsidiary company) Establish.

VEICHI completed the shareholding system transformation.

The strategic adjustment has achieved initial results, and industry sales have increased by 47.81% over the same period.

2020: Successfully listed on Stock Exchange

VEICHI successfully landed on the A-share science and technology innovation board(Stock code: 688698).

The revenue of VEICHI 2020 is 89,746,800 USD, year-on-year increase of 28.24%.

AC310 series, IN310 series products were launched.

2021: Suzhou VEICHI II put into construction

The revenue of VEICHI 2021 is 128,501,100 USD, year-on-year growth is 43.10%. As of December 31, 2021, VEICHI has 973 employees, of which 279 were specialized in R&D, accounting for 28.67% of the total number of employees. VEICHI obtained 124 patents, including 28 invention patents.

Suzhou VEICHI Phase II project was put into construction.

AC800 series inverters, SD710 series servo systems, V7E series motors, and VC1 series PLC products are on the market.

2022: VEICHI Xi'an R&D Center was established

VEICHI was approved to set up "Jiangsu Postdoctoral Program" and "Jiangsu Postgraduate Workstation".

VEICHI Xi'an R&D Center was established.

VC5 Series PLC was launched on the market.

2023: Acquired R&D building in Shenzhen

VEICHI obtained cumulatively 159 authorized patents, 45 invention patents, and 82 software copyrights.

Jiangsu Province Industrial Internet Development Demonstration Enterprise ( Benchmarking Factory Section ).

Incorporation in robot industry chain, strategic cooperation with Xinjiang Shige Textile, CM Energy and CM Xiageng.

Suzhou Phase ll AC drive and servo system automation production base project and Suzhou R&D center project are under operation. Phase lll digital production base project is under construction.

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