Huayu Automotive Systems Co., Ltd.

Company Profile

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■Address

No. 489, Weihai Road, Jing'an District, Shanghai, China

Business Overview

-HUAYU Automotive Systems Co., Ltd. is a member of the SAIC Motor Group and oversees its automotive parts division. Besides China, the company is developing markets in Europe, the U.S., Korea, Australia, and Southeast Asia.

-The Company has many joint ventures and affiliated companies with major European, American and Japanese suppliers. In addition to the parent company SAIC Group, SAIC VW, SAIC GM, FAW VW, Changan Ford, Beijing Benz, Brilliance BMW, Dongfeng Nissan, SAIC Motor Passenger Vehicle, Great Wall Motor, Jianghuai Automobile, GAC Group, BAIC Group, Geely Automobile, BYD, Tesla Shanghai, Chery, it has longstanding business partnerships with global OEMs such as VW, GM, Audi, BMW, Mercedes-Benz, and Tesla.

-In 2023, 53.82% of the Company's core business sales were to customers other than SAIC. Tesla Shanghai, FAW Volkswagen, BYD, Chery Automobile, BMW Brilliance, Changan Ford, Geely Automobile, Changan Automobile, GAC Passenger Vehicle, and Jianghuai Automobile were the top 10 major customers in China (excluding SAIC). In 2023, of the Company's new orders, more than 65% were related to New Energy Vehicles and more than 40% were related to Chinese local brands.

-As of the end of December 2023, the Company has a total of 353 R&D, manufacturing and service sites in 22 provinces, cities and autonomous regions in China. The company's automotive interiors, lightweight cast aluminum, lighting, and fuel tank systems currently have established 103 manufacturing facilities (including R&D) outside of China in the United States, Germany, Thailand, Russia, Czech Republic, Slovakia, India, Mexico, Canada, South Africa, Japan, Spain, Italy, Brazil, as well as countries such as Indonesia, Serbia, Malaysia, and Uzbekistan.

-The company's major subsidiary, Yanfeng Automotive Trim Systems Co., Ltd., posted sales of CNY 109,306.28 million, and operating income of CNY 4,547.03 million in the fiscal year ending December 2023.

Shareholders

Listed on the Shanghai Stock Exchange

(as of Dec. 31, 2023)

Major Shareholder	Shareholding Ratio
SAIC Motor Corporation Limited	58.32%
Other shareholders	41.68%
Total	100%

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Products

Interior / exterior trim
-Door panel assemblies
-Bumper assemblies
-Instrument panels
-Front section modules
-Complete seats
-Airbags
-Seat belts
-Lamps
-Interior trims
-Sealings
-ISELED

Electronic components
-Remote Keys
-Body control units
-Sunroofs
-Wire harnesses
-Motors
-Electronic entertainment

Metal forming parts and dies

-Body structure
-Door cover/floor press products
-Hot press structure

New energy parts
-Electric air-conditioning
-Drive motors
-Electric power steering
-Integrated start-stop

Auto function parts
-Transmission system
-Steering system
-Air conditioning system
-Braking system
-Exhaust system
-Springs
-Tanks

Hot-work parts
-Aluminum wheel hubs
-Pistons
-Cylinder heads
-Transmission cases
-Forging parts
-Engine cylinders

Radar
- Millimeter wave radar

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History

1988	The SAIC Group established Shanghai Union Automobile & Tractor Industry Trade Co., Ltd.
1988	The SAIC Group established Shanghai Ek Chor General Machinery Co., Ltd., which is now called Sanden Huayu Automotive Air-Conditioning Co., Ltd.
1988	The SAIC Group and GKN Automotive jointly established Shanghai GKN Drive Shaft Co., Ltd.
1988	The SAIC Group and HongKong Shanghai SIIC Co., Ltd. jointly established Shanghai SIIC Transportation Electric Co., Ltd.
1988	The SAIC Group jointly established YAPP Automotive Parts Co., Ltd.
1989	The SAIC Group established Shanghai Tractor & Internal Combustion Engine Co., Ltd.
1989	The SAIC Group and Koito Manufacturing Co., Ltd. jointly established Shanghai Koito Automotive Lamp Co., Ltd.
1990	The SAIC Group established Shanghai Automotive Forging Works, which is now called Shanghai Automotive Forging Co., Ltd.
1992	The SAIC Group and Bardsey Group Limited jointly established Shanghai Cosmopolitan Automobile Accessory Co., Ltd.
1994	The SAIC Group and Visteon jointly established Yanfeng Visteon Automotive Trim Systems Co., Ltd.
1994	The SAIC Group and ITT Automotive jointly established Shanghai Automotive Brake Systems Co., Ltd. This joint venture became a member of the Continental Teves Group in 1998, when Continental of Germany acquired the brake chassis components division of ITT and established Continental Teves.
Nov. 1994	The SAIC Group and ZF jointly established ZF Shanghai Steering Co., Ltd.
1995	The SAIC Group and Valeo jointly established Shanghai SAIC Valeo Automotive Electrical Systems Co., Ltd.
1995	The SAIC Group and Metzeler jointly established Shanghai SAIC-Metzeler Sealing Systems Co., Ltd.
1997	The SAIC Group and Kolbenschmidt jointly established Kolbenschmidt Shanghai Piston Co., Ltd.
July 1997	The SAIC Group and TRW jointly established Shanghai TRW Automotive Safety Systems Co., Ltd.(STASS).
Aug. 1997	The SAIC Group established Shanghai Automotive Co., Ltd. as a stock corporation, its subsidiary manufacturing transmission systems.
Nov. 1997	Shanghai Automotive Co., Ltd. was listed on the Shanghai Stock Exchange.
Dec. 1997	Shanghai Automotive Co., Ltd. acquired China Spring Factory, which is now called China Spring Corporation Limited.
1998	Shanghai Automotive Co., Ltd. and Teksid jointly established Hua Dong Teksid Automotive Foundry Co., Ltd.
1999	Shanghai Automotive Co., Ltd. and Federal-Mogul jointly established Federal-Mogul Shanghai Bearing Co., Ltd.
2000	Shanghai Automotive Co., Ltd. and Pieburg jointly established Kolbenschmidt Pierburg Shanghai Nonferrous Components Co., Ltd.
June, 2000	Shanghai Automotive Co., Ltd. and Sanden jointly established Sanden Shanghai Automotive Air-Conditioning Co., Ltd. The name of the joint venture company was changed to Shanghai Sanden Behr Automotive Air Conditioning Co., Ltd. in 2004.
June. 2004	Shanghai Automotive Co., Ltd. established Shanghai Superior Die Technology Co., Ltd. to manufacture body panels.
Nov. 2006	The SAIC Group transferred 11 automakers, including Shanghai VW and Shanghai GM, as well as 3 companies producing engines and electronic components to Shanghai Automotive Co., Ltd. At the same time, Shanghai Automotive transferred 15 companies to the SAIC Group. They included 10 auto parts production subsidiaries and two plants producing springs and powder metallurgical products.
Sep. 2007	Shanghai Automotive Co., Ltd. Federal-Mogul jointly established Federal-Mogul Shanghai Compound Material Co., Ltd.
Aug. 2008	The Group announced that it will reorganize its auto parts business to form a comprehensive auto parts company. Plans are to acquire Shanghai Ba-Shi (Group) Industrial Co., Ltd., which is listed on the Shanghai Stock Exchange, and transfer shares the Company has in its subsidiaries and affiliates in the auto parts sector, into Shanghai Ba-Shi.
Apr. 2009	The SAIC Group acquired Shanghai Ba-Shi (Group) Industrial Co., Ltd., making it a new subsidiary. It brought the Group's 23 auto parts-related corporations under Shangahi Ba-Shi, making it a comprehensive car components supplier encompassing a wide rage of vehicle parts businesses.
June. 2009	Shanghai Ba-Shi (Group) Industrial Co., Ltd., which integrates the SAIC Group's auto parts business and is listed on the stock market, adopted a new company name, HUAYU Automotive Systems Company Limited. This concluded the whole reorganization project for the Group's auto parts business.
Oct. 2010	The Company established Huayu Automotive Electric Systems Co., Ltd. with Guizhou Aerospace Industry Co., Ltd. in Thailand.
Apr. 2011	SAIC Motor became the largest shareholder of the company Huayu Automotive, with Shanghai Automotive still maintaining control over Huayu.
May 2013	Shanghai Xingfu Motorcycle Co., Ltd., a subsidiary of the Company, and Germany-based Pierburg Pump Technology GmbH, established a 50-50 joint venture, Huayu Pierburg Pump Technology Co., Ltd. in Shanghai.
May 2013	The Company and the Chia Tai Group of Thailand signed an agreement to establish Huayu Chia Tai Co., Ltd.
Mar. 2014	Shanghai Sekely Die Technology Co., Ltd., a subsidiary of the Company, announced that it acquired 100 percent of Nanjing Automobile Tooling Co., Ltd. for CNY 251.4 million.
May 2014	Yanfeng Automotive Trim Systems Co., Ltd., a wholly owned subsidiary of the Company, signed a definitive agreement to form the world's largest automotive interiors joint venture with Johnson Controls Inc.
Jun. 2014	Yanfeng Automotive Trim Systems (Shenyang) Co., Ltd. and Shenyang Yanfeng Johnson Controls Seating Co., Ltd. subsidiaries of the Company, began operations of their new plants in the Datong District, Shenyang.
Jul. 2014	The Company announced that it reached an agreement with KSPG of Germany to acquire a 50 percent share in KS Aluminium-Technologie GmbH.
Nov. 2014	Federal-Mogul Shanghai Bearing Co., Ltd. and Federal-Mogul Shanghai Compound Material Co., Ltd., which are joint ventures between Federal-Mogul and the Company, announced that they have completed their new plant at the Zhoupu Zhihui Industrial Park in Pudong, Shanghai.
Jan. 2015	Dongfeng Visteon Wuhan Automotive Trim Systems Co., Ltd., a 50-50 joint venture between DETC and Yanfeng Automotive Trim Systems Co., Ltd., has established a joint-venture company with Grupo Antolin of Spain. The new company is called Dongfeng Antolin (Wuhan) Automotive Trim Co., Ltd.
Jun. 2015	The Company and Continental of Germany announced a plan to establish Huayu Continental Brake Systems Co., Ltd. in Chongqing.
Dec. 2015	The Company announced that Huayu Automotive System (Shanghai) Co., Ltd., its wholly owned subsidiary, will invest CNY 170 million in Shannxi Qinghua Vehicle Safety System Co., Ltd. to acquire a 35% share in the safety system company.
Dec. 2016	Huayu Shanghai invested CNY 120 million to participate in the capital increase and expansion of Hubei Hangpeng, and obtained a 30% stake in Hubei Hangpeng.
May 2017	Huayu Continental Brake Systems (Chongqing) Co., Ltd., a joint venture established by Continental Automotive and the Company on an equal basis, officially began its operation.
Oct. 2017	Established China Magna Electric Drive Systems Co., Ltd. with Magna (Taicang).
Nov. 2017	Yanfeng Hainachuan Automotive Trim Systems Co., Ltd., the Company's subsidiary, was opened.
Mar. 2018	Shanghai Koito Auto Lamp became a wholly-owned subsidiary of the Company and was renamed as Huayu Vision Technology (Shanghai) Co., Ltd.
Dec. 2018	The Company and ZF (China) Investment Co., Ltd. signed a share transfer agreement. Huayu to acquire a 50% stake in Shanghai Sachs Powertrain Components Systems Co., Ltd.
Dec. 2018	The company and TRW Asia Pacific Co., Ltd. signed a share purchase agreement. Huayu Automotive Systems to transfer a 50% stake in Shanghai TRW Automotive Safety Systems Co., Ltd.
Dec. 2018	The Company’s subsidiary, Yanfeng Automotive Trim Systems Co., Ltd., and the Woodbridge Group established a joint venture: Yanfeng Woodbridge Lightweight Composite Materials Co., Ltd.
Jan. 2019	KS HUAYU AluTech, a joint venture with Rheinmetall, expanded its Neckarsulm, Germany plant to include a new aluminum structural component manufacturing facility.
Apr. 2019	The Company acquired a 30% share of Shanghai SIIC Transportation Electric Co., Ltd. (STEC). STEC became the Company’s wholly-owned subsidiary.
Sep. 2019	The Company established a new company named Yanfeng Technology Co., Ltd.
Nov. 2019	The Company began construction of its automotive R&D center in Pudong New Area, Shanghai.
Jan. 2021	Yanfeng Automotive Trim Systems Co., Ltd. agreed to acquire Woodbridge Foam Corporation of Canada.
Oct. 2022	ARC Automotive and Yanfeng Automotive Trim Systems Co., Ltd. established a joint venture in Skopje, North Macedonia.