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Zhengyang Technology
Chinese manufacturer of power, garden, and cordless tools.
About Zhengyang Technology
Zhengyang Technology Co., Ltd. is a manufacturer of power tools based in Yongkang City, Zhejiang, China, an area recognized as a major hub for power tool manufacturing. Founded in 1985, the company has grown from a small operation into a significant industry player with over 1,000 employees and an annual production capacity exceeding 6 million units. The company's chairman is Hu Feipeng. The firm's business model is vertically integrated, with capabilities spanning research and development, design, manufacturing, sales, and after-sales service. Zhengyang Technology serves a global market, with strategic partnerships with numerous DIY stores, distributors, and brands across 60 countries. Its export value has reached 70 million USD. The company's brand, PIGEON, has gained significant recognition both domestically and internationally. Zhengyang Technology operates as an OEM/ODM, producing tools according to customer specifications, and also markets its own brands, including PIGEON, CYC, and SUPRAONE. The product portfolio is extensive, featuring over 100 varieties across several categories: AC handheld tools, AC desktop tools, and Li-ion cordless tools. Specific products include miter saws, angle grinders, impact drills, table saws, and since 2019, massage guns for the fitness sector. The company emphasizes in-house production, with automated lines for motors and digitalized production for aluminum die-casting. A substantial focus is placed on R&D, with an investment that reached 6% of total sales in 2022. The company maintains a team of over 50 R&D engineers led by Chief Engineer Xu Feihao and has established provincial-level research institutes and a CNAS-accredited national laboratory. This commitment to research has resulted in over 200 patents, including 29 invention patents. Keywords: Power tool manufacturer, garden tools, cordless tools, PIGEON brand, CYC, SUPRAONE, Zhejiang, Yongkang, OEM, ODM, electric drill, angle grinder, miter saw, table saw, lithium-ion tools, massage gun, Chinese hardware, tool manufacturing, industrial tools, DIY tools, handheld power tools, desktop power tools, motor manufacturing, aluminum die-casting, tool exporter, Hu Feipeng, hardware fair
Source: Dealroom company dataLatest news
Press, funding announcements and product moves mentioning Zhengyang Technology.
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | May 2026 | $28M | $371M | Jackery · Hanhai Qianli · BAIC Capital · Midea Capital | ↗ |
Growth signals
Latest recorded traffic for Zhengyang Technology is 2.4K monthly website visits.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series B and later4 investors entered at this stage
Jackery- HQHanhai Qianli
- BCBAIC Capital
- MCMidea Capital
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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