HOLIP China (hereinafter referred to as "Holip") was established in 2001 and acquired by Danfoss in 2005, and has been a member of the Danfoss Group since then. Danfoss, founded in 1933, is a large multinational industrial manufacturing company in Denmark. As a manufacturer of refrigeration and air conditioning, heating and water treatment, and power electronics, Danfoss also sets industry standards for reliability and innovation, and continuously strives to provide superior customer satisfaction and solutions in the climate and energy industries. For more than 10 years, it has been committed to the research, design, manufacturing, marketing and service of frequency converter, and established the provincial frequency converter research and development center earlier in China. Today, HOLIP is China's largest inverter manufacturer.