During the period of 2003-2004, Hiconics started up its business.
Hiconics technology Co., Ltd was founded in Beijing in June 2003. In December, it was first applied in petrochemical industry. In 2004, Hiconics got several certificates, such as Beijing product standard registration certificate (April), ISO9001:2000 quality system certificate (May), High-Tech Enterprise Accreditation certificate (October), and HIVERT series VFD software V1.20 copyright registration certificate (December).
From 2005 to 2007, Hiconics was in the period of rapid development.
In June 2005, Hiconics opened the international market, signed the contract of 6kV/4000kW large power VFD with Russia. Then, Hiconics won “Project Certificate of Beijing Torch Program” in July. In June 2006, Hiconics was named “Chinese users most satisfied with the domestic HV VFD brand” top three. In December, Hiconics participated in the appraisal sponsored by the Huaibei Mining Bureau. Hiconics HV VFD speed governing device has been highly recognized by the expert group. The mine main hoist, HV VFD with mine fan two scientific achievement appraisal certificate. In may 2007, Hiconics won the top ten brand of frequency converter.
The capital fueling of Hiconics is from 2008 to 2013.
In March 2008, the selling performance of Hiconics exceeded 500 sets. In November, the 6kV/630kW inverter of Hiconics was exported to India. In 2009, Hiconics made several adjustments and changes. In Apirl, it started using a new logo. In June, "Beijing hiconics technology co., LTD" was changed to "Beijing hiconics drive technology co., LTD”, meanwhile, Hiconics was identified as Beijing high-tech enterprise. In August 2010, Hiconics drive technology (Wuhan) co., LTD was established, successively set up a series of medium and low voltage inverters and servo motors. In May 2011, Hiconics purchased 70% stock equity of variable frequency transformer (Shanghai) co., LTD. In September, Beijing Hiconics Electric co., LTD was established, focusing on the manufacturing of power distribution switch control equipment, medium/low voltage switchgear. In December 2012, Hiconics won the “top 10 of China’s electric appliance industry in 2012”. In July 2013, Hiconics successfully became a qualified supplier of CNNC.
During the period of 2014-2017, Hiconics was in the process of strategic transformation.
In November 2014, China's first (10000kw/6kV) water-cooled VFD successfully put into operation in the field of nuclear power. In May 2015, the new energy vehicles operating company was founded —— Beijing Chang Dee technology development Co., Ltd , Wuhan Chang Dee technology Co., Ltd , Wuhan Hiconics intelligent electric Co., Ltd . This company focus on the electric car time-sharing leasing, charging network operation services, accelerate the development of new energy vehicles and charging pile industry chain. In November 2016,“Hiconics Drive Technology Co., Ltd.”changed to“Hiconics Eco-energy technology Co., Ltd.”to achieve the strategic transformation. In April 2017, Wuhan Hiconics Industrial Park Testing Center was founded.