In July 15, 2010 8, with a cannon, Zhejiang Xinya magnetoelectric Development Co., the company officially launched the factory relocation. The company's general manager and the person in charge attended the new plant relocation ceremony.

The new factory of the company is located in Zhoushan City, Zhejiang Province, Putuo Zhujiajian Industrial Park, new plant covers an area of 25000 square meters, equipped with mechanical finish machining center, CNC laser cutting, such as a number of precision manufacturing equipment, production technology in ship with electrical equipment in the field has reached the leading domestic level, annual production ship distribution products will reach 300 more than can realize annual output value of hundreds of millions of yuan.