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5. Anhui ARN Group Co., Ltd. Business Report FY ended Dec. 2021

Anhui ARN Group Co., Ltd. Business Report FY ended Dec. 2021

Joint venture to be established with TPR Corporation

-According to an announcement of the China National Anti-Monopoly Bureau, the Company intends to establish a joint venture with TPR Corporation. The new company plans to engage in the research and development of electric vehicle drive motors and electric vehicle motor controllers, and to transfer or license the research and development results to the company and TPR and its affiliates for production and sales. (From a press release on November 2, 2021）

Cooperation Projects

Signed "Industrial Networking" strategic cooperation agreement with Huawei
-On November 19, 2021, the company and Huawei reached an agreement on digital transformation ideas and long-term planning, and signed a strategic cooperation agreement on "Industrial Networking". The two sides will combine their capabilities and practical experience in industrial digital transformation to jointly build a new industrial network platform and provide industrial software services to accelerate the digital transformation of enterprises. This cooperation will help to improve production efficiency and reduce energy consumption. (From a press release on November 24, 2021）

DBX and Dalian University of Technology sign contract on industry-university-research collaboration project
-Dalian Huanxin Precision Special Steel Co., Ltd. (DBX), a subsidiary of ARN, signed a contract with Dalian University of Technology, School of Materials and Engineering to jointly start the research and development of the project "55CrSi piston ring wire quality improvement". This has laid a solid foundation for the subsequent development of drawing and rolling simulation software. (From a press release on July 30, 2021)

Awards

-In 2021, the Company and its subsidiaries received the following awards.

Plant Construction

-Aisin Anqing Automotive Parts Co., Ltd. (AAAC) put into operation a 1.55MW distributed photovoltaic (PV) power generation project on September 18, 2021. The project uses Huawei's leading smart PV solution, fusion solar, to generate 100% of the plant’s daytime consumed electric power. It is expected to generate approximately 1.76 million kWh of electricity annually and reduce carbon emissions by approximately 1,625 tons. (From a press release on October 30, 2021)

Investments in China

-The Company’s subsidiary, Anqing Scherdel Automotive Parts Co., Ltd. (ASP), established a production facility with an annual production capacity of 470 million automotive springs and New Energy parts in Anqing. The project covers an area of about 80 hectares, with a total investment of about CNY 400 million and will produce spring products for driverless systems, New Energy drivetrains and fuel cell applications. Once in operation, the facility will produce 470 million units per year. (From a press release on June 25, 2021)