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5. MAHLE Holding (China) Co., Ltd. Business Report FY ended Dec. 2022

MAHLE Holding (China) Co., Ltd. Business Report FY ended Dec. 2022

Performance

-In the fiscal year ending December 2022, the Group's sales reached EUR 12,433.8 million, up 13.7% year-on-year. Excluding the impact of consolidation and currency fluctuations, sales increased 9.7% year-over-year. Of the Group's total sales, sales in the Asia-Pacific region amounted to EUR 2,724.3 million.

Order

-Mahle China announced that it has received new orders from multiple Chinese and international customers for its 800V electric compressor, which will be applied to high-end intelligent electric vehicle (EV) brands and high-performance EV brands and is expected to reach mass production in 2023 and 2024, respectively. The Mahle 800V 57cc electric compressor has a cooling capacity of 18kW at maximum speed for improved thermal management system capabilities, and has a cooling range covering 7kw-18kw to meet the needs of a variety of EVs of users, such as hybrid, plug-in hybrid, 400V and 800V EVs. (From a Mahle China official WeChat account press release dated December 7, 2022)

Business trends

MAHLE chargeBIG becomes independent subsidiary

-Mahle announced that MAHLE chargeBIG, the former corporate start-up is now an independent subsidiary of the MAHLE group. With chargeBIG POWER, MAHLE chargeBIG  GmbH l offers a DC fast-charging solution with charging power of up to 750 kW, based on the proven chargeBIG principle of intelligent load management. This fast-charging solution allows charging parks at up to 20 charging points—even with a limited grid connectivity. The basic chargeBIG concept for AC charging is intended for fleets and applications with around 20 to 100, or even more, electrified parking spaces. This solution is particularly suited for parking spaces where electric vehicles are parked for longer periods. Charging power of up to 7.2 kW is used in most cases, but charging points delivering an output of up to 22 kW can also be integrated. Over the past six months, chargeBIG has installed around 500 new charging points. To gain a foothold in the international market, a charging park with 72 charging points was also built at a MAHLE branch in Changshu/China. In addition, chargeBIG has concluded a development cooperation agreement with power electronics specialist PRETTL Electronics Automotive to accelerate the market launch of its recently unveiled fast-charging solution chargeBIG POWER. (From a press release on April 7, 2022)

Awards

-Mahle announced that its subsidiary MAHLE Engine Components (Nanjing) Co., Ltd. has been awarded the Best Value Introduction Support Award presented by Dongfeng Cummins Engine Co., Ltd. (Dongfeng Cummins) for its Monolite laser-welded steel piston. MAHLE Tri-Ring Valve Train (Hubei) Co., Ltd., another subsidiary of MAHLE China, was awarded the Best Quality Award. (From a press release dated January 14, 2022) 

R&D Facilities