The Zhitong Finance App learned that on October 16, the Securities Regulatory Commission issued the “Approval to Register the Initial Public Offering of Shares by Suzhou Langao Electric Technology Co., Ltd.” According to reports, Langtech is listed on the Shenzhen Stock Exchange GEM. Huatai United Securities is its sponsor and plans to raise 9879.6 million yuan.

According to the prospectus, Langao Technology is mainly engaged in R&D, production, sales and service of high-performance permanent magnet synchronous motors. The products have the characteristics of high efficiency, high power/torque density, high reliability, low noise, and wide range of environmental adaptability, covering a wide range of applications such as new energy commercial vehicles, new energy off-road mobile machinery, wind power generation, industrial efficiency, energy efficiency and automation control.

According to Frost & Sullivan statistics, in terms of sales volume, in 2025, the company had a market share of over 70% in China's NEV mine truck drive motors, ranking first in the industry; its market share in the field of NEV heavy truck drive motors in China was about 28%, ranking second in the industry. In addition, the company also has a leading market share in the fields of new energy bus drive motors and wind power propeller motors in China.

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