SpiderWay Anhui Technical Co., Ltd., a pioneering force in the realm of electronic control systems and battery technology, has a rich history that dates back to its inception in 1999. Initially taking on the role of a dedicated domestic agent for Curtiss motor controllers, our commitment to excellence and innovation has been the driving force behind our growth.
In the early years, our focus was on establishing a solid foundation in the market, which we achieved by providing top-notch motor controllers. This dedication paid off when, in 2005, we celebrated a significant milestone by reaching a company turnover of 3 million yuan. This success was not just a number; it was a testament to the hard work and the trust our customers placed in us.
Over the years, we have evolved from to a full-fledged manufacturer, developing our own electronic control systems for a range of applications. The year 2015 marked a significant turning point for SpiderWay as we ventured into producing our own electronic control system solutions for the spare parts production of complete controller systems. This move not only diversified our product portfolio but also allowed us to offer comprehensive solutions to our customers.
Our expertise in electronic control systems paved the way for our entry into the ODM/OEM vehicle processing market, where we have successfully partnered with major domestic factories. These collaborations have been instrumental in accumulating a substantial customer base, which in turn has laid a solid foundation for our subsequent development.
In 2017, we embarked on a new journey by developing battery products, starting with lithium batteries. Our foray into this domain was not just about expanding our product range; it was about creating a complete ecosystem of consumer and power battery technology solutions. Today, our lithium-ion batteries are ubiquitous, finding applications in various everyday life and work areas. We take pride in powering low-speed vehicles such as golf carts, as well as industrial equipment like forklifts, aerial work platforms, and floor cleaning machines.
By early 2020, SpiderWay had secured a leading position in multiple market segments for small lithium batteries, not just in our home market but also in the United States. Our global footprint expanded with the establishment of a manufacturing center in the U.S., and our workforce grew to over 1,000 dedicated employees. With a strong presence in the U.S. and Europe, we are now poised to serve customers across the globe and contribute to the advancement of lithium-ion battery systems.
Looking ahead, our vision is ambitious yet achievable. We aim to capture a 35% global market share in electronically controlled battery supporting systems, particularly for applications like forklifts. To this end, we are constantly innovating and refining our technology to meet the evolving needs of the market.
In addition to our existing markets, we have set our sights on the Korean market, recognizing its potential for growth and the demand for high-quality, reliable battery solutions. Our entry into Korea is strategic, as it complements our global expansion plans and allows us to tap into a new customer base that values innovation and performance.
As we forge ahead, SpiderWay remains committed to delivering cutting-edge technology and exceptional service to our customers worldwide. Our journey from a domestic agent to a global player in the battery and electronic control systems industry is a story of perseverance, innovation, and a relentless pursuit of excellence. We look forward to continuing this journey, creating new milestones, and setting new standards in the industry.
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