Daya Electric Group Co., Ltd. (formerly known as Zhejiang Daya Electric Appliance Equipment Factory) was founded in 1986 and cooperated with Shanghai Electric Appliance Research Institute in 1989. In 1990, it was awarded as a designated enterprise for producing complete sets of high and low voltage switches by the former Ministry of Machinery Industry and the Ministry of Electric Power Industry, and a recommended product enterprise for the transformation of the two networks by the State Economic and Trade Commission. In 2016, it formed a stronger group company with a Sino-foreign joint venture with Simon Power Technology Co., Ltd. of Spain.