Visteon Group (China)
Company Profile
Business Overview
-Visteon Chinese subsidiary. The Company entered the Chinese market in 1993 and its Asia Pacific headquarters are located in China.
-Visteon sold its lighting, interior and air conditioning businesses, integrated the operations of Yanfeng Electronics in 2013 and acquired Johnson Controls’ automotive electronics division the following year. Currently the Company is focusing on design, development, manufacturing and sales of vehicle cockpit electronics.
-Visteon Group (China) will continue to provide car manufacturers with fully integrated digital cockpit solutions and offer the latest technology to meet the demand for advanced driver assistance systems in electric vehicle industry.
-Visteon currently has 4 manufacturing sites and 6 technical centers.
-In 2022, Visteon's sales in the China region were USD 870 million, representing 23.2% of the Group's total sales.
Products
<Electronics Division>
- Audio systems
- Radios
- Audio amplifiers
- VCD/DVD players
- Telematics
- Car navigation
- Anti-theft alarms
- Air conditioner controllers
- Instrument meters
- Clocks
- ECU
- Head-up displays
- Information displays
- Infotainment
- SmartCore cockpit domain controllers
- ADAS
- Driver Monitoring System
<Powertrain Control Systems>
- Engine ECUs
History
| Nov. 1994 | Ford and Shanghai Automotive Industry (Group) Corp. jointly established Shanghai Yanfeng Automotive Trim Co., Ltd. Ford had a 51 percent stake in the company and Shanghai Automotive Industry (Group) Corp held the remaining stake. |
| Dec. 1994 | The Company established Shanghai Fudian Automotive Electronics Co., Ltd. jointly with Ford. |
| June 1995 | The Company established United Aluminum Radiator Co., Ltd. jointly with Ford and China FAW. |
| Oct. 1995 | Ownership in the company was changed to 50-50, from 51 percent by Ford and 49 percent by Shanghai Automotive Industry (Group) Corp, respectively. |
| March 1996 | The Company and Jiangling Motors jointly established Jiangxi Fuchang Climate Systems Co., Ltd. |
| Dec. 1997 | Shanghai Yanfeng Automotive Trim Co., Ltd. and Johnson Controls Inc. jointly established Shanghai Yanfeng Johnson Controls Seating Co., Ltd., with ownership in the company 60% and 40%, respectively. |
|
June 2000 |
Visteon was spun off from Ford Motor Company and acquired 50 percent of the ownership in Shanghai Yanfeng Automotive Trim Co., Ltd. |
| 2000 | The Company established Yanfeng Visteon Technology Center. |
| Nov. 2001 | Shanghai Yanfeng Automotive Trim Co., Ltd. established Yanfeng Visteon (Chongqing) Automotive Trim System Co., Ltd. |
| Jan. 2002 | Shanghai Yanfeng Automotive Trim Co., Ltd. adopted a new name, Yanfeng Visteon Automotive Trim Systems Co., Ltd. |
| June 2002 | Shanghai Fudian Automotive Electronics Co., Ltd. adopted a new name, Yanfeng Visteon Automotive Electronics Co., Ltd. |
| Nov. 2002 | Visteon and Beijing Automotive Industry jointly established Visteon Climate Control (Beijing) Co., Ltd., with Visteon holding a 75% stake and Beijing Automotive Industry the remaining 25%. |
| Dec. 2002 | Yanfeng Visteon Automotive Trim Systems Co., Ltd. and Beijing Automotive Industry jointly established Yanfeng Visteon (Beijing) Automotive Trim System Co., Ltd., with Visteon holding a 75% stake and Beijing Automotive Industry the remaining 25%. |
| Sep. 2003 | Visteon, Yanfeng Visteon Automotive Trim Systems Co., Ltd., and Dongfeng Electronic Technology jointly established Dongfeng Visteon Automotive Trim Systems Co., Ltd. They respectively own 20%, 40% and 40% stakes. |
| Oct. 2003 | The Group moved its Asia Pacific headquarters from Yokoyama, Japan to Shanghai, China. |
| May 2004 | Yanfeng Visteon Automotive Trim Systems Co., Ltd. (50.1%) and Key Safety Systems of the U.S.A. (49.9%) jointly established Yanfeng Key (Shanghai) Automotive Safety Systems Co., Ltd. |
| Aug. 2004 | The Company and Halla Climate Control Corp. jointly established Halla Climate Control ( Dalian ) Co., Ltd. |
| Dec. 2004 | Visteon (12.5%) and Yanfeng Visteon Automotive Trim Systems Co., Ltd.(75%) jointly established Yanfeng Visteon Jinqiao Automotive Trim Systems Co., Ltd. |
| Dec. 2004 | Visteon (29.09%) and Yanfeng Visteon Automotive Electronics Co., Ltd. (58.44%) acquired Jiangsu Toppower Tech. Co., Ltd. and established Jiangsu Toppower Automotive Electronics Co., Ltd. |
| Dec. 2004 | Yanfeng Visteon Automotive Electronics Co., Ltd. acquired Shaoxing Betung Instrument Co., Ltd. and established Yanfeng Visteon Betung Automotive Instrumentation Co., Ltd. |
| June 2005 | The Company purchased a 50 percent stake in Changzhou TYC Auto Lamps Co., Ltd., a Chinese subsidiary of TYC Brother Industrial Co., Ltd., and renamed the company Visteon TYC Auto Lamps Co., Ltd. |
| Aug. 2005 | The Company and Changan Motor jointly established Chongqing Changan Visteon Engine Control Systems Co., Ltd. |
| Nov. 2005 | The Company established Visteon China Technical Center (CTC). |
| Feb. 2006 | The Company transferred the Electronics Product Group to Visteon China Technical Center (CTC) in Shanghai, China. |
| Dec. 2006 | Visteon, Yanfeng Visteon Automotive Trim Systems Co., Ltd., and Shanghai Automotive Industry (Group) jointly established Yanfeng Visteon Automotive Tooling Co., Ltd. |
| Apr. 2007 | The Company and Plastic Omnium Auto Exteriors jointly established Yanfeng Plastic Omnium Automotive Exterior Systems Co., Ltd. to manufacture bumpers and other exterior components. |
| May 2007 | Japan Climate Systems Corporation, the Group's subsidiary in Japan, established Jie Xi Si (Nanjing) Automotive Climate Control Co., Ltd. in Nanjing by providing 100 percent of the needed capital. |
| Oct. 2007 | Yanfeng Visteon Automotive Trim Systems Co., Ltd. and Jianghuai Automobile jointly established Yanfeng Visteon (Hefei) Automotive Trim Systems Co., Ltd. with each company investing 80 percent and 20 percent of the needed capital, respectively. |
| Oct. 2008 | Jiangxi Fuchang Climate Systems Co., Ltd. carried out a plant expansion project and adopted a new name, Visteon Climate Control (Nanchang) Co., Ltd. (VCCN). |
| Nov. 2008 | Yanfeng Visteon Automotive Trim Systems Co., Ltd. and Shanghai Liansheng Automobile Supply & Services Co., Ltd. jointly established Shanghai Jiqiang Automotive Part System Co., Ltd. |
| Feb. 2010 | Yanfeng Visteon Automotive Trim Systems Co., Ltd. and Nanjing Donghua Automotive Industrial Co., Ltd. jointly established Yanfeng Visteon (Nanjing) Automotive Trim Systems Co., Ltd.. |
| Feb. 2010 | Yanfeng Visteon Automotive Trim Systems Co., Ltd. and Nanjing Donghua Automotive Industrial Co., Ltd. jointly established Nanjing Donghua Yanfeng Visteon Automotive Parts Systems Co., Ltd.. |
| Mar. 2011 | Yanfeng Visteon Automotive Trim Systems Co., Ltd. and Beijing Hainachuan Automotive Parts Co. Ltd. jointly established Beijing Hainachuan Yanfeng Automotive Module Systems Co., Ltd. |
| Jan. 2013 | Yanfeng Visteon (Ningbo) Automotive Trim Systems Co., Ltd. was established. |
| Visteon sold its automotive climate control business to Halla Climate, including 18 companies. The eighteen companies and the percentage to be transferred were as follows: Visteon Climate Control System (Chongqing) Co., Ltd. (production company in China, 100.00%); Visteon Climate Control (Nanchang) Co., Ltd. (production company in China, 80.85%); FAWER Visteon Climate Control System (Changchun) Company Limited (production company in China, 50.00%); Halla Climate Control (Dalian) Co., Ltd. (production company in China, 24.90%); Japan Climate Systems Corporation (production company in Japan, 33.33%); Visteon Japan Climate Ltd. (R&D center in Japan, 100.00%); Visteon Climate Systems India Ltd. (production company in India, 61.00%); etc. | |
| Dec. 2013 | The Visteon Group sold all of its interest in Yanfeng Visteon Automotive Trim Systems Co., Ltd. to its Chinese joint venture partner Huayu Automotive. |
| Jun. 2014 | Changchun Faway Automobile Components Co., Ltd. announced that Johnson Controls Asia Holdings Co., Ltd., its joint-venture partner, will transfer the entire 50 percent share it holds in Changchun FAWAY Johnson Controls Automotive Electronics Co., Ltd. to Visteon Global Electronic, Inc. When the transaction is completed, Changchun FAWAY Johnson Controls Automotive Electronics will be owned 50 percent each by Changchun Faway and the Visteon Group. |
| Aug. 2014 | Visteon uses its pre-emption right to buy 49% shares in Yanfeng Visteon Automotive Electronics Co., Ltd., the joint venture with Yanfeng Automotive Trim Systems Co., Ltd. |
| Jul. 2017 | The Company’s subsidiary, Jiangsu Toppower Automotive Electronics Co., Ltd., started operations at its new plant. |
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Note: A figure in brackets ( ) indicates a loss
