Bohai Automotive Systems Co., Ltd.
Company Profile
Business Overview
-Largest manufacturer of pistons in China.
-As of December 2018, the Company produces over 1,000 types of pistons, which are 30-400 millimeters in diameter. It has the capacity to produce over 30 million pistons and 10 million piston rings per year.
-Products are supplied to major engine manufacturers in China. As of December 2018, the Company gained a 35% market share in the domestic Chinese market. It is one of the few companies in China that can produce products meeting Euro IV and Euro V emission standards. It has markets in North America, Europe, East Asia, and the Middle East.
Shareholders
| Listed on the Shanghai Stock Exchange. | (As of Dec. 31, 2018) |
| Shareholder | Investment Ratio (%) |
| Beijing Hainachuan Automotive Parts Co., Ltd. | 23.04 |
| Beijing Automotive Group | 21.71 |
| Guangxi Tietou Innovation Capital | 2.00 |
| Others | 53.25 |
| Total | 100.00 |
Products
-Pistons for gasoline engines
-Pistons for diesel engines
-Pistons used in compressors
-Piston pins
-Wear-resistant inserts
-Piston ASSYs
-Lightweight auto arts
-Wheel hub
-Automotive A/C
-Shock absorber
-Exhaust system
-Fuel tank
-Start-stop batteries
History
| Mar. 1999 | Shandong Piston Factory was established. |
| Jul. 2004 | The Company was listed on Shanghai Stock Exchange. |
| Feb. 2005 | Acquired Changchun Bohai Piston Co., Ltd. |
| Dec. 2010 | The Company will transfer all the shares it has in Huimin Bohai Piston Co., Ltd. to Binzhou Mengwei Slinger Cylinder Liner Co., Ltd.. |
| Mar. 2011 | The production at Changchun Bohai Piston Co., Ltd. was stopped. |
| Jun. 2014 | Changchun Bohai Piston Co., Ltd. was deregistered. |
| Aug. 2016 | The Company set up "Beijing Hainachuan Hanon Automotive Parts Co.,Ltd." with Hanon Systems. |
| Feb. 2017 | The Company set up "Bohai Johnson Controls Battery Co., Ltd." with Johnson Controls. |
| Feb. 2017 | The Company set up "Johnson Controls Bohai Battery (Binzhou) Co., Ltd." with Johnson Controls. |
| Jun. 2017 | The Company set up a wholly-owned subsidiary named "Binzhou Bohai Piston Co., Ltd." |
| Nov. 2017 | The Company changed its name to "Bohai Automotive Systems Co., Ltd." |
| Aug. 2018 | The Company acquired 75% shares in TRIMET Automotive Holding GmbH and the plants of its subsidiaries in Harzgerode and Soemmerda. |
Supplemental Information 1
>>>Business Report FY2010
>>>Business Report FY2011
>>>Business Report FY2012
>>>Business Report FY2013
>>>Business Report FY2014
>>>Business Report FY2015
>>>Business Report FY2016
>>>Business Report FY2017
Note: A figure in brackets ( ) indicates a loss
Volume of production |
(in thousand units) |
| FY ended Dec. 31, 2015 | FY ended Dec. 31, 2014 | FY ended Dec. 31, 2013 | |
| Pistons | 19,310 | 16,880 | 19,230 |
Source: China Automotive Industry Yearbook (Issued in October every year)