Zhejiang Xizi Forvorda Electrical Machinery Co., Ltd., located in the Qingshan Lake Science and Technology district of Lin'an, a high-tech company that receives key national support. It plays a major role in setting the national energy efficiency standards for elevator traction machines. Forvorda has also participated in the development of 16 related motor standards. It's recognized in the industry as a reputable supplier of gearless elevator traction machines. Forvorda's primary business involves the supply of gearless elevator traction machines with capacities ranging from 320kg to 3200kg, and speeds from 0.3m/s up to 10m/s. Since its establishment in 2004, Forvorda has built cooperative relationships with over 400 well-known enterprises in the industry, such as Otis and KONE. Forvorda has dispatched over 1.5 million units in total, maintaining a high market share over the years.

Forvorda is technologically advanced, energy-efficient in products, which were listed in the China Torch Program 2008-2009. They were selected for the "Energy-Efficient Products for the Benefit of the People", and the promotion of permanent magnet motors rank among the best. In 2008, Forvorda was honored with the title of "High-tech Enterprise" and passed the re-evaluation successfully in 2011, 2014, 2017, and 2020. In 2009 and 2014, Forvorda took the lead in successfully developing high-speed traction machines of 7m/s and 10m/s, respectively.