Qingdao TGOOD Electric Co., Ltd.

Qingdao TGOOD Electric Co., Ltd. is a leading manufacturer in the electrical machinery and equipment sector, listed on the ChiNext board of the Shenzhen Stock Exchange since 2009. The company specializes in two primary areas: smart prefabricated power equipment and electric vehicle charging networks. TGOOD plays a significant role in supporting China's strategic goals for energy transition and carbon neutrality, aligning with the national "14th Five-Year Plan." TGOOD's operations focus on "Smart Manufacturing + Integrated Services," where it has established itself as a top provider of outdoor integrated power equipment solutions, particularly in the railway and new energy sectors. The company holds a leading market share in prefabricated substations and has developed into the largest EV charging network operator in China, managing over 709,000 public charging terminals. TGOOD continues to innovate in areas such as vehicle-to-grid technology and energy management, leveraging its technological strengths to enhance its market position both domestically and internationally.

TGOOD concentrates on “Smart Manufacturing + Integrated Services”, primarily centered around smart prefabricated power equipment, and electric vehicle charging networks. Upholding a global development strategy of “One Main Focus & Two Wings, Domestic & Global Dual Growth”, the Company is deeply committed to the energy sector. Leveraging its technological advantages, ecological layout, and international strategy, TGOOD has emerged as a leader in both the power equipment and EV charging network field. 1、Smart Manufacturing + Integrated Service Business Since its inception, TGOOD has focused on the research, development, and manufacturing of outdoor prefabricated Power Equipment, establishing the largest research and production base for prefabricated substation in China.As the developer and participant in the technical standards for prefabricated Power Equipment in China, TGOOD has undertaken multiple national and provincial projects, leveraging its leading technological innovation capabilities and strong comprehensive strength. The Company has been recognized as a champion enterprise in the manufacturing sector by the Ministry of Industry and Information Technology due to its intelligent modular prefabricated substation products.As a leading integrated service provider of outdoor prefabricated power equipment in China, TGOOD has held the top market share in the Chinese railway market and maintained a leading position in local power markets with its mid-to-high-end prefabricated power equipment products. At the same time, TGOOD’s modular prefabricated substation products and renewable Kiosk substation hold the industry’s leading market share in the new energy generation sector. With the rapid global transition to new energy, the Company’s power equipment products and solutions are now deployed in over 50 countries and regions worldwide. 2、EV Charging Network Business After 10 years of development, TGOOD has become the largest EV charging network operator in China. According to the statistics of China Electric Vehicle Charging Infrastructure Promotion Alliance (EVCIPA), as of the end of 2024, it operates 709,000 public charging terminals, including 424,000 DC charging terminals, holding a market share of approximately 26%, ranking first in the country. In 2024, TGOOD’s charging volume exceeded 13 billion kWh, with a market share of 24%, also ranking first in the country.