Founded in 2004, Honest has been committed to the research, development, and manufacturing of motor and drive systems, striving to become a global benchmark in industrial-grade precision transmission and intelligent drive solutions. With “in-depth customization + technology integration” as our core competitiveness, we provide energy-efficient motor systems and precision drive components for 20+ industries, including industrial automation, new energy equipment, smart home, and medical equipment, helping customers achieve intelligent upgrades of their products.
Since 2004
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Employees
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CHN/VIE/MYS
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Revenue (USD)
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Technology-Driven innovation
R&D team accounts for over 10% of our workforce, with an annual R&D investment exceeding tens of millions. We hold more than 160 independent patented technologies, achieving a fully integrated motor-control transmission system.
Advanced customization ability
flexible production line supports the development of 10,000 SKUs custom solutions, ensuring product quality and precision that perfectly align with customer requirements.
Globalized delivery network
3 state-of-art manufacturing bases (including overseas factories in Vietnam/Malaysia), 120,000㎡modern industrial park, IATF 16949 and ISO 9001 quality management systems, UL, CE, CQC and other types of product certification, and all materials are in line with ROHs and REACH environmental standards in Europe and the U.S.
Strategic customer ecosystem
We have established long-term strategic partnerships (over 10 years) with 30+ global industry leaders. Our products are exported to 30 markets, with a 15%+ annual growth in market share within the high-end European and U.S. markets for the past three years.
History
2004-2010
Foundation and Takeoff
2011-2015
Capital Enhancement
2016-2019
Eco-expansion
2020-2024
Global leap forward
2010
Founded Dingtang Motor, expanding into the DC motor technology chain.
2004
Founded the headquarters of Honest in Changzhou, China, and anchored in the micro-motor segment.
2015
Shareholding reform & listing on the New Third Board, starting the interaction between production and financing.
2014
Newly set up Transmission Technology Company to strengthen transmission product development.
2019
Hong Kong investment company was established, building international capital channel
Vietnam production base put into production, launching globalization 1.0 strategy
2018
Merger and acquisition of Ningbo Chengbang, building vertical industrial chain of office equipment.
2024
Completion of Malaysia base, forming the “China-Vietnam-Malaysia” manufacturing triangle.
2022
The second factory in Vietnam is put into production.
Honest Culture
Corporate Mission
Leverage technological innovation to build high-efficiency power solutions, providing more reliable and energy-saving solutions for industries worldwide.
Open and Win-Win
To become a global leader in electrical drive and control field.