Cross-Strait labor division, pursuit of sustainability
To increase productivity and improve competitiveness, and develop towards a sustainable operation, NECO adopted a cross-strait labor division model. Apart from the existing Taiwan facility, the company established the Foshan Shunde factory in 1997, producing mostly headsets, BBs, axles, and pedals for export. In 2001, the company expanded to Eastern China and established a factory in Tianwang Town of Jurong City, occupying 75 acres of land and producing hubs, headsets, BBs, axles, and pedals. In 2014, NECO opened the Tianjin factory in Northern China, occupying 60 acres and producing particularly cranks and wheel hub motors. Chairman Wang points out that today NECO distributes six major product categories to key markets worldwide. 50% of NECO’s export is distributed to Europe, 25% to Central/South America, 15% to the US, and 10% to Southeast Asia and Japan.
Over the past 36 years, Chairman Jin-Yuan Wang upholds the business philosophy of “Quality, Service, Speed, and Sustainability”. NECO has not only actively upgraded its productivity, invested in production equipment, improved the ratio of self-produced content, and developed various production lines, but also made huge efforts in R&D with a focus on service and stable quality.
NECO also participates in exhibitions worldwide, continues to expand on international markets, and successfully increased its sales territory. Upholding to the promising outlook of development in electric bikes, NECO has devoted itself to the R&D of mid motors and hub motors for the past 6 years. The aim is to integrate resources and technology and it is expected that NECO will be recognized worldwide thanks to its R&D potential.