Innuovo Technology Co., Ltd., together with its subsidiaries, engages in the research and development, production, sale, import, and export of rare earth permanent magnet materials in China and internationally. The company also engages in motor manufacturing, such as alternating current motors, permanent magnet, DC motors, brushless, steppers, servo motors, electric push rod actuators, parallel shafts, worm gears, and planetary gear reducers, as well as motor drives and mobility scooters. In addition, it offers gearboxes, electrical machinery equipment, general and special equipment, communication equipment, computers, and other electronic equipment; and electric wheelchairs. Further, the company is involved in clean energy generation, as well as the production and sales of solar and wind generation devices, complete sets devices. Additionally, it offers sales of power-assisted bicycles, scooters, and spare parts; engages in private equity investment, investment management, and investment consulting; and NdFeB magnetic materials. Its products are widely used in electroacoustics, wind power generation, smart home appliances, traction machines, industrial motors, automobiles, speakers, air-conditioning compressors, mobile terminals, and industrial motors, as well as health travel, gardening and agricultural machinery, special home appliances, security fields, smart logistics, and other fields. The company was formerly known as Taiyuan Shuangta Ganyu Co., Ltd. and changed its name to Innuovo Technology Co., Ltd. in March 2016. Innuovo Technology Co., Ltd. was founded in 1997 and is based in Jinhua, China.