Shanghai Automotive Brake Systems Co., Ltd.
Company Profile
Business Overview
-The company is a joint venture between Huayu Automotive Systems Company Limited and Continental AG, and one of the largest suppliers in China of anti-lock brake systems (ABSs), brake calipers, and brake master cylinder assemblies with vacuum boosters.
-Its major product lines are electronic brake systems, hydraulic brake systems, brake calipers, and vacuum boosters.
Shareholders
-Unlisted (As of December 31, 2020)
| Company name | Ratio of shareholding (%) |
| Huayu Automotive Systems Company Limited |
51.0% |
| Continental AG |
49.0% |
| Total |
100％ |
Products
-Electronic Parking Brake System
-Brake hose assembly
-Hydraulic brake hose
-Brake calipers
-Vacuum boosters
History
| 1993 | Established as a joint venture between Shanghai Automotive Industry Corporation (Group) (60%) and ITT Automotive (40%). |
| July 1995 | Started brake production. |
| 1997 | Started ABS production. |
| 1998 | ITT's brake and chassis division was acquired by Continental (Germany) and was established as Continental Teves. As a result, the Company was under the control of Continental Teves. |
| 2002 | The Company established a winter testing center for electronic brake systems (EBSs) in Heihe City, Heilongjiang Province. |
| Jan. 2004 | Merged with Shanghai Automotive Brake Actuation Co., Ltd. |
| 2008 | Due to the reorganization of Shanghai Automotive Industry Corporation (Group), SAIC transferred the shares of stock it owns in the Company to its subsidiary Huayu Automotive Systems Company Limited. |
| Nov. 2010 | Huayu Automotive acquired another 1 % shareholding from Continental, turning the shareholding ratio to 51:49. |
