Is Weichuang Electric a State-owned Enterprise or a Private Enterprise?

The company is a private enterprise.

According to Aiqi, Weichuang Electric was founded by natural persons such as Hu Zhiyong, not state-owned enterprises or government agencies. Private enterprises are more flexible and innovative, and can quickly adapt to market demand and improve their competitiveness.

Weichuang Electric is a high-tech enterprise focusing on the production, sales and service of R&D, electric drive core components and intelligent manufacturing. It is composed of a management team with rich industry experience and professional knowledge, with Hu Zhiyong as the actual controller.