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Since its establishment in 1961, WEG Group has been committed to global business expansion. Since 2000, with the continuous growth of the group's business, WEG has not only established commercial branches overseas, but also established factories overseas to provide solid support for business growth in local markets.

In the global economy, China's core position is becoming increasingly prominent, especially in the fields of manufacturing and trade. WEG Group recognizes that China's huge market size and complete industrial chain provide it with huge market potential and development opportunities. In order to respond to and meet the needs of China and surrounding markets more quickly, WEG Group reached an agreement with Jiangsu Weifu Group on November 1, 2004 after multiple rounds of investigation and evaluation, and successfully acquired Weifu Nantong Motor Manufacturing Co., Ltd. This acquisition marks an important step in WEG Group's global strategic layout and further deepens its business development in the Chinese market.