Foundation of the company as a public enterprise – development and production of power supplies.
Family Xu took over the company and turned it into a privately owned company, HG Power based in the city of Changzhou, near Shanghai. The company is still owned by family Xu.
Certification of HG Power according to the ISO 9002 standard.
AAA financial rating.
Production of UL certified goods.
Certification of HG Power according to ISO 9001 and ISO 14001 standards by SGS.
Development and production of first LED drivers.
HG Power started development and design of BMS and EV chargers.
Certification of HG Power according to the MIL standard for power supplies.
HG Power successfully achieved the certification of the automotive standard IATF 16949.
Inauguration of a new technology centre in Changzhou that set new benchmarks with a highly automated production line e.g. automatic spray coating, automatic assembly (SMT/THT), reflow and selective soldering, in-line AOI, in-line ATE, EoL, automatic potting (vacuum), burn-in, Hi-pot, IP rating, drop test, EMC chamber, production supporting robots from Aubo and Universal Robots.
Successful re-certification of HG power for the IATF 16949 standard.
Founding of HGPower GmbH in Germany as project management and Sales Office for Europe.