The hoisting motor, reel device and reducer are arranged in series, with a round or square appearance, with vertical lifting and running functions, and the hoisting speed can be divided into single speed or double speed. The two-speed type is based on the single-speed type, adding a set of slow-speed driving device composed of a slow-speed motor and a reducer, and its speed ratio to the fast speed is 10:1. When the fast motor works, the slow drive device does not move, and the electric hoist moves up and down quickly. When the slow-speed motor is working, the slow-speed driving device drives the conical rotor of the main hoisting motor to rotate, and the electric hoist moves up and down slowly.