The company was established in April, 2008, engaged in R &D automation equipment and industrial robots as well related systems to manufacture and sale.
In December 2015, established a wholly owned subsidiary - Hangzhou Kuangzheng Science and Technology Co. Ltd.
In March 2016, set up a holding company - Hangzhou magnetic new materials Co., Ltd.
In July 2016, settled in Hangzhou Qingshan Lake Science and Technology City, with area of 120 acres
In August 2016, set up the Spanner Research Institute with Zhejiang University, the Provincial Institute of mechanical and electrical experts.