No absolutely not. Wellgo was started by a guy named Stanley Wu. His sister Stella WU started Velo saddles in Taiwan. Stella was a much better business person than her brother Stan and she helped to right the boat at Wellgo. They were a distant second to Victor in terms of quality back in the early 90's but their stuff has vastly improved. They are not connected to Victor. They were and I beleive still are fierce competitors fighting for market share. I worked inside the industry specing bikes and buying aftermarket parts and have spec'ed and purchased pedals from both companies in the past.