Huayu Sanden Automotive Air Conditioning Co., Ltd. Business Report FY ended Dec. 2017

Recent Development

-In December 2016, Sanden Huayu Automotive Air Conditioning Co., Ltd. signed an exclusive contract with the Sanden Holdings Group for the licensing-in of the BP-GEN3 electric compressor technology. The BP-GEN3 electric compressor is compact and lightweight, while achieving high efficiency for a wide range of applications. The compressor meets technical standards for Volkswagen's MQB platform and other technoloiges. In addition, Sanden Huayu Automotive Air Conditioning's SEE series electric compressors that were developed in-house by the company are scheduled to be mass produced, starting in 2017. (From news releases issued by multiple sources on January 11, 2017)

New factory

-The Company held a groundbreaking ceremony for its new Heqing Plant in the Shanghai Zhangjiang Hi-Tech Park on January 15, 2016. The new plant will be constructed on 116,200 square meters of land, and will produce automotive air conditioners and compressors. The company will invest approximately CNY 1 billion in this project, which will be carried out in two phases. The first phase is expected to be completed in February 2017. (From a press release on January 18, 2016)

Awards

-On March 23, 2018, the Company received an excellent supplier award at the 8th suppliers meeting of SAIC MAXUS Automotive.(From a press release on March 26, 2018)

R&D Facilities

-The Company has a Technical Center with around 200 staff, which consists of the product engineering department and the test center.

-Shanghai Behr Thermal System Co., Ltd., which is a subsidiary of the Company, with a team of cooling, heat exchange and air-conditioning systems. There is about 150 engineers who are engaged in the R&D activities.

Patents

-As of 2016, the Company had applied 298 patents altogether, including 1 international patent and 102 invention patents.

Investment in China

-Shanghai Behr Thermal System Co., Ltd., a subsidiary of the Company, established Chengdu Behr Thermal System Co., Ltd. in 2013 with a registered capital of CNY 50 million. The plant produced air conditioner modules, cooling modules, condensors, charge air coolers, radiators, etc. It came into operation in Feb. 2015.