Wolong Electric Group - Experts & Thought Leaders

To strengthen Wolong's global cultural integration, let the overseas management team integrate into the Wolong family, enhance their understanding and recognition of Wolong's strategic goals and corporate culture, and strengthen their understanding of Wolong's management model and management methods, from July 27th, 2019 to August 1, 2019, the Group's first Global Talent Training Program (GTTP) was held at the Group Headquarters.  35 Wolong people from 13 countries,15 overseas factories, and units gathered in Shangyu, completed the training activities through face-to-face courses, discussions, factory tours, and Chinese cultural experience. training course In the market environment, the macroscopic situation is becoming more and more complicated The training course was organized by the Wolong Management School. The students were selected from 4,500 overseas employees, including ATB Group, LDG, IDG, HAMG, and International Sales Headquarters. At the opening ceremony, Ms. Jenny Chen, the Vice Chairman and President of Holding Group, first welcomed the students and introduced the development history of Wolong and the original intention of this project. She said that in the market environment where the macroscopic situation is becoming more and more complicated if Wolong wants to be in the pioneering position in the global motor industry and to achieve the strategic goal of the global motor No.1, the company must continue the globalization process. strategic planning, management models, and methods At present, Wolong has completed the global layout. The next step will be to promote technological synergy, manufacturing synergy, and market synergy among the three regions of Europe, North America, and Asia, to enhance the Group's international competitiveness. Jenny said that through this GTTP project, the overseas enterprise management team will better understand and implement Wolong’s strategic planning, management models, and methods, enhance the execution and response speed of overseas enterprises to the headquarters strategic decision-making, achieve the long-term goal of "Affordable, manageable and performed well” for M&A companies. Group products and history showrooms From July 29th to August 1st, all the students completed six training courses From July 29th to August 1st, all the students completed six training courses. CEO of Wolong Electric Group and President of International Sales Headquarters Mr. Douglas Pang, President of Global Research Centre, Dr. George Gao, Senior Consultant of Chairman, Ms. Wang Caiping, CFO of Wolong Electric Group and Secretary of the Board, Mr. Wu Jianbo, Director of the IT Department of Wolong Electric, Mr. Ma Hailin and General Manager of the Industrial Drive Division of IDG, Mr. Zhang Shuting gave lectures to the students. During the training, the students also visited the Group products and history showrooms, EV Motor, Home Appliance Motor, Oli Vibration Motor, Stamping Division, and Industrial Motor Workshop to understand the current status of production management of all relevant units. innovation and quality In addition, Management School organized a dumpling party, offering all the students a chance to visit the Wolong staff family to experience Chinese culture and to celebrate together with a farewell party. Also, the Office director of the Holding Group, Ms. Song Liying organized students to visit the provincial-level characteristic town in Shangyu District, namely the “E-tour town”, to experience the innovation and quality of Shangyu City. internationalization strategy Chairman Chen first briefly introduced China's economic and industrial development On August 1st, the chairman of the holding group, Mr. Chen Jiancheng, discussed with all the students and made a speech on "Promoting the internationalization strategy and accelerating the multicultural integration.” Chairman Chen first briefly introduced China's economic and industrial development and the current condition of Wolong.  sustainable development In the first half of 2019, the Group and its business units at all levels closely focused on the strategic goal of “Global Motor No.1” and firmly insisted that “Making a profit is the absolute principle, high quality, and sustainable development is the absolute principle, all employees sharing the achievements of Wolong development is the absolute principle”. The overall business performance of the first half of the year has been completed, which greatly enhances our confidence in completing the annual budget！ Five major Unifications Chairman Chen said that Wolong is a global enterprise. At present, it is mainly through the “Five major Unifications” of unified sales, unified procurement, unified factory operation, unified design, and unified global IT to manage the global factories. "I believe that this GTTP project is a milestone in the history of Wolong's overseas talent training and cultural integration process. It can promote the exchange and cooperation between Wolong headquarters and overseas subsidiaries. This is a training project that I strongly support.”  Global Talent Training Program (GTTP) Through the five-day project, the students can learn something from it, have a deeper understanding Chairman Chen said that through the five-day project, the students can learn something from it, have a deeper understanding of China and Wolong culture, and have a more visual understanding of the policy and operation of Wolong headquarters. At the symposium, all students expressed that the training provided them with the opportunity to understand and feel the Wolong culture on the spot, and deeply understand the development history and future vision of Wolong. intelligence and digitalization Moreover, the intelligence and digitalization of the Wolong manufacturing plant have also impressed many students. They said that this is a true cultural integration and exchange. In the future, they will serve as “Cultural ambassadors” and strive to spread theWolong culture. Finally, Chairman Chen urged everyone to pass on what they learned at the group headquarters to every colleague around them after they return to their positions, and encourage them, influence them, and lead them to breathe and develop together with Wolong！

GE Aviation Czech and ATB Antriebstehnik AG have agreed to jointly explore turboprop propulsion solutions for the general aviation and urban mobility market in the power range between 500 and 1000 SHP, leveraging GE’s H Series turboprop aircraft engine technology and ATB electrical machines. Different configurations will be investigated and a first proof of concept test is aimed to take place later this year. "We’re excited to contribute into the development of more sustainable transportation systems and greener flight," said Michele D`Ercole, President and Managing Executive of GE Aviation Czech, Business and General Aviation Turboprops. Key partners for battery systems GE Aviation Czech will also feed plan integration funded by pioneering European research centers GE Aviation Czech will also provide system integration supported by pioneering European research centers for electric propulsion and other key partners for battery systems. "We are extremely proud to join our efforts with GE to investigate new turboprop solutions combined with our system electrical technology," said George Gao, ATB Chief Executive Officer (CEO). New Turboprop headquarters "The solution aims to combine simplicity and power density for a unit tailored for the turboprop general aviation market," said Francesco Falco, ATB-WOLONG VP of Global Sales & Marketing. The project adds to the $400M+ investment GE Aviation is pursuing in Europe into the turboprop program including its new Turboprop headquarters in Prague, where the H Series is manufactured and the all-new GE Catalyst engine is being developed and tested.