In 1978, Dr. Hon invented a first folding bike. After that, he got 2 million dollars from many investors (which equaled to tens of million dollars nowadays), and established Dahon North America in California in 1982. Early shareholders include many celebrities such as world famous The Carpenters and Acer. In 1986, Dahon built a first manufacturing base in Taiwan. After 1996, a factory was built in Guangzhou, and it was moved to Shenzhen after 2001, and named as Dahon Technologies since then. The company has passed ISO9001：2008 certificate and has one of the most well equipped quality control lab in the industry, it became the largest folding bike factory in the world. Over 500 thousand bikes were sold annually, and up to now over 5 million bikes were sold in total.