70 meters southeast of No.3, Guansheng 4th Road, Longhua District, Shenzhen City, Guangdong Province, China
Business Overview
-The company is a privately-owned general electronics manufacturer headquartered in Shenzhen, China.
-The Company started in 2003 as a manufacturer of small AC motors. Since then, the company has diversified its business and now offers products and services in five divisions: industrial automation business, elevator system business, new-energy vehicle business, industrial robot business, and railway vehicle system business.
-Approximately 30 Chinese domestic subsidiaries located in cities including Suzhou, Hangzhou, Nanjing, Shanghai, Ningbo, Changchun, and Hong Kong, and approximately 20,000 employees including those in overseas offices in Germany, France, Italy, Spain, Turkey, India, and South Korea. Consolidated sales for the fiscal year ending December 2021 are approximately CNY 2.30 billion.
Electric drive and power system business for NEVs -Suzhou Inovance Automotive Co., Ltd. (Inovance Automotive), which was established in September 2016, is mainly responsible for the automotive business.
-The Company has plants in Changzhou, R&D centers in Shenzhen and Switzerland, and offices in Norway, France and Germany. Construction of the Japanese division has begun, and an R&D center in the United States and a plant in Eastern Europe are also being planned. (Announced in September 2021.)
-In the fiscal year ended December 2022, the Company's total New Energy Vehicle business sales reached CNY 5.09 billion, a year-over-year (y/y) increase of about 70.02% (22.11% of total sales by business segment).
-Major products:
Product category
Main products
Motors, controllers
Motor controllers (ECU), motors, 5-in-1 units, electric drive units (e-Axle)
Power supply components
DC/DC converters, on-board chargers (OBC), power distribution units
-The company's main competitors in the field of New Energy passenger vehicles are Bosch, UAES, Aptiv, and Nidec, and its main competitors in the field of power supply components for New Energy passenger vehicles are Chinese domestic suppliers.
-The market share of New Energy Passenger car products in 2022 is 7% for motor ECUs, ranking 3rd in China, 3% for e-axles for 10th place, and 3% for other motor products, ranking within the top ten in China. (According to the Company's annual report)
Shareholders
-Listed on the Shenzhen Stock Exchange in June 2018
Entry into the commercial vehicle market in China.
2016
Concluded a strategic alliance with BRUSA Elektronik AG.
Sep. 2016
Established Suzhou Inovance Automotive Co., Ltd., an automobile business subsidiary.
Jan. 2021
Partnered with American Axle & Manufacturing to develop and supply the e-Axle.
Apr. 2021
Inovance Automotive and FAW New Energy Development Institute establish joint lab for automotive power distributions products
Jun. 2021
Formed a partnership with Chery Automobile for research on power electronics technology, system assembly technology, and smart manufacturing technology for New Energy Vehicles.
Jul. 2021
Inovance Automotive and Beijing CHJ Automotive Co., Ltd. (Li Auto) established an auto parts joint venture company in Changzhou, Changzhou Huixiang New Energy Auto Parts Co., Ltd. Inovance Automotive will hold a 51% share and Li Auto 49%.
Aug. 2021
Changzhou factory construction began.
Sep. 2021
Suzhou Inovance Automotive Co., Ltd., a wholly owned subsidiary, became independent as an operating company for NEV business.
Feb. 2022
Concluded a strategic alliance with SKF.
May 2022
Changzhou Plant completed phase 1 construction and starts operation
Jun. 2022
Formed a partnership with Shaanxi FAST to build a common foundation for the development of electric powertrain system technology.
IAA Mobility 2023 BD45 The 4th Generation 5-in-1 controller
IAA Mobility 2023 BD45 The 4th Generation 5-in-1 controller
IAA Mobility 2023 BD45 The 4th Generation 5-in-1 controller
IAA Mobility 2023 LD32 The 3rd Generaion single/dual motor controller
IAA Mobility 2023 LD32 The 3rd Generaion single/dual motor controller
IAA Mobility 2023 Appearance repair
IAA Mobility 2023 Appearance repair
IAA Mobility 2023 Appearance repair
IAA Mobility 2023 Appearance repair
IAA Mobility 2023 Structural parts repair
IAA Mobility 2023 Structural parts repair
IAA Mobility 2023 Structural parts repair
IAA Mobility 2023 Electronic components repair
IAA Mobility 2023 Electronic components repair
IAA Mobility 2023 Electronic components repair
IAA Mobility 2023 INOPACK SiC power module
IAA Mobility 2023 INOPACK SiC power module
IAA Mobility 2023 PD40
IAA Mobility 2023 PD40
IAA Mobility 2023 LS32 eAxle
IAA Mobility 2023 LS32 eAxle
IAA Mobility 2023 LS32 eAxle
IAA Mobility 2023 LS32 eAxle
IAA Mobility 2023 LS32 eAxle
IAA Mobility 2023 Gen4 eAxle
IAA Mobility 2023 Gen4 eAxle
IAA Mobility 2023 Gen4 eAxle
IAA Mobility 2023 Gen4 eAxle
IAA Mobility 2023 Gen4 eAxle
IAA Mobility 2023 Dual-motor eAxle
IAA Mobility 2023 Dual-motor eAxle
IAA Mobility 2023 Dual-motor eAxle
IAA Mobility 2023 Dual-motor eAxle
IAA Mobility 2023 PM55
IAA Mobility 2023 PM55
IAA Mobility 2023 PM55
IAA Mobility 2023 GaN OBC
IAA Mobility 2023 GaN OBC
IAA Mobility 2023 GaN OBC
IAA Mobility 2023 GaN OBC
IAA Mobility 2023 GaN OBC
IAA Mobility 2023 PC36
IAA Mobility 2023 PC36
IAA Mobility 2023 PC36
2023 Auto China - Shanghai International Automobile Industry Exhibition ECO 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition ECO 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition ECO 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition PM32-1 drive motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PM32-1 drive motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PC41 on-board charger and DC/DC converter
2023 Auto China - Shanghai International Automobile Industry Exhibition PC41 on-board charger and DC/DC converter
2023 Auto China - Shanghai International Automobile Industry Exhibition PC41 on-board charger and DC/DC converter
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation dual-motor controller for hybrid and extended-range electric vehicles
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation dual-motor controller for hybrid and extended-range electric vehicles
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation dual-motor controller for hybrid and extended-range electric vehicles
2023 Auto China - Shanghai International Automobile Industry Exhibition Distributed electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition Distributed electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition Distributed electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition All-in-one electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition All-in-one electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition All-in-one electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition All-in-one electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition All-in-one electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation high-power 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation high-power 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation high-power 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation high-power 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation medium power 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation medium power 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation medium power 3-in-1 electric drive assembly
2023 Auto China - Shanghai International Automobile Industry Exhibition PI45-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PI45-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PM44-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PM44-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PD30 3rd-generation single motor controller
2023 Auto China - Shanghai International Automobile Industry Exhibition PD30 3rd-generation single motor controller
2023 Auto China - Shanghai International Automobile Industry Exhibition PD29 2nd-generation dual-motor controller for hybrid and range-extender electric vehicles
2023 Auto China - Shanghai International Automobile Industry Exhibition PD29 2nd-generation dual-motor controller for hybrid and range-extender electric vehicles
2023 Auto China - Shanghai International Automobile Industry Exhibition PC32 on-board charger, DC/DC converter, power distribution unit
2023 Auto China - Shanghai International Automobile Industry Exhibition PC32 on-board charger, DC/DC converter, power distribution unit
2023 Auto China - Shanghai International Automobile Industry Exhibition PC36 on-board charger, DC/DC converter, power distribution unit
2023 Auto China - Shanghai International Automobile Industry Exhibition PC36 on-board charger, DC/DC converter, power distribution unit
2023 Auto China - Shanghai International Automobile Industry Exhibition PP30 DC/DC converter
2023 Auto China - Shanghai International Automobile Industry Exhibition PP30 DC/DC converter
2023 Auto China - Shanghai International Automobile Industry Exhibition 6.6kW Onboard charger
2023 Auto China - Shanghai International Automobile Industry Exhibition 6.6kW Onboard charger
2023 Auto China - Shanghai International Automobile Industry Exhibition PM45 motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PM45 motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PM45 motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PM45-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PM45-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PM43-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition PM43-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition P144-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition P144-H motor
2023 Auto China - Shanghai International Automobile Industry Exhibition LS32 2-in-1 assembly for electric vehicles
2023 Auto China - Shanghai International Automobile Industry Exhibition LS32 2-in-1 assembly for electric vehicles
2023 Auto China - Shanghai International Automobile Industry Exhibition LS32 2-in-1 assembly for electric vehicles
2023 Auto China - Shanghai International Automobile Industry Exhibition LM39 flat wire motor
2023 Auto China - Shanghai International Automobile Industry Exhibition LM39 flat wire motor
2023 Auto China - Shanghai International Automobile Industry Exhibition LM39 flat wire motor
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation 5-in-1 controller
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation 5-in-1 controller
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation 5-in-1 controller
2023 Auto China - Shanghai International Automobile Industry Exhibition 4th-generation 5-in-1 controller
2023 Auto China - Shanghai International Automobile Industry Exhibition LD35-2 integrated controller
2023 Auto China - Shanghai International Automobile Industry Exhibition LD35-2 integrated controller
2023 Auto China - Shanghai International Automobile Industry Exhibition LD35-2 integrated controller
2023 Auto China - Shanghai International Automobile Industry Exhibition LD35-1 3rd-generation 5-in-1 integrated controller
2023 Auto China - Shanghai International Automobile Industry Exhibition LD35-1 3rd-generation 5-in-1 integrated controller
2023 Auto China - Shanghai International Automobile Industry Exhibition LD34 all-in-one integrated controller for BEVs
2023 Auto China - Shanghai International Automobile Industry Exhibition LD34 all-in-one integrated controller for BEVs
2023 Auto China - Shanghai International Automobile Industry Exhibition LC3E all-in-one power supply for BEVs
2023 Auto China - Shanghai International Automobile Industry Exhibition LC3E all-in-one power supply for BEVs
2023 Auto China - Shanghai International Automobile Industry Exhibition LC3E all-in-one power supply for BEVs
2021 Auto China - Shanghai International Automobile Industry Exhibition Motor Controller BD35-1
2021 Auto China - Shanghai International Automobile Industry Exhibition Motor Controller BD35-1
2021 Auto China - Shanghai International Automobile Industry Exhibition Motor controller LD35-1
2021 Auto China - Shanghai International Automobile Industry Exhibition Motor controller LD35-1
2021 Auto China - Shanghai International Automobile Industry Exhibition Single reduction gearbox LS30
2021 Auto China - Shanghai International Automobile Industry Exhibition Single reduction gearbox LS30
2021 Auto China - Shanghai International Automobile Industry Exhibition Single reduction gearbox LS30
2021 Auto China - Shanghai International Automobile Industry Exhibition LS32 2-in-1 System
2021 Auto China - Shanghai International Automobile Industry Exhibition LS32 2-in-1 System
2021 Auto China - Shanghai International Automobile Industry Exhibition LS32 2-in-1 System
2021 Auto China - Shanghai International Automobile Industry Exhibition LM61 Drive motor
2021 Auto China - Shanghai International Automobile Industry Exhibition LM61 Drive motor
2021 Auto China - Shanghai International Automobile Industry Exhibition 5-in-1 controller for heavy-duty commercial vehicles
2021 Auto China - Shanghai International Automobile Industry Exhibition 5-in-1 controller for heavy-duty commercial vehicles
2021 Auto China - Shanghai International Automobile Industry Exhibition 3-in-1 module PC32
2021 Auto China - Shanghai International Automobile Industry Exhibition 3-in-1 module PC32
2021 Auto China - Shanghai International Automobile Industry Exhibition Gen-4 E-axle
2021 Auto China - Shanghai International Automobile Industry Exhibition Gen-4 E-axle
2021 Auto China - Shanghai International Automobile Industry Exhibition Gen-4 E-axle
2021 Auto China - Shanghai International Automobile Industry Exhibition Gen-4 E-axle
2021 Auto China - Shanghai International Automobile Industry Exhibition PM34, PM35 motors
2021 Auto China - Shanghai International Automobile Industry Exhibition PM34, PM35 motors
2021 Auto China - Shanghai International Automobile Industry Exhibition PM34, PM35 motors
2021 Auto China - Shanghai International Automobile Industry Exhibition PM34, PM35 motors
2021 Auto China - Shanghai International Automobile Industry Exhibition 3-in-1 Powertrain System
2021 Auto China - Shanghai International Automobile Industry Exhibition 3-in-1 Powertrain System
2021 Auto China - Shanghai International Automobile Industry Exhibition Inverter PD31
2021 Auto China - Shanghai International Automobile Industry Exhibition Inverter PD31
2021 Auto China - Shanghai International Automobile Industry Exhibition Inverter PD29-T
2021 Auto China - Shanghai International Automobile Industry Exhibition Inverter PD29-T
2021 Auto China - Shanghai International Automobile Industry Exhibition On-board charger
2021 Auto China - Shanghai International Automobile Industry Exhibition PP30 DC-DC Converter
2021 Auto China - Shanghai International Automobile Industry Exhibition PM25 motor
2021 Auto China - Shanghai International Automobile Industry Exhibition PM25 motor
2021 Auto China - Shanghai International Automobile Industry Exhibition PM55 motor
2021 Auto China - Shanghai International Automobile Industry Exhibition PM55 motor
2021 Auto China - Shanghai International Automobile Industry Exhibition PM55 motor
2021 Auto China - Shanghai International Automobile Industry Exhibition Inverter PD40
2021 Auto China - Shanghai International Automobile Industry Exhibition Inverter PD40
2021 Auto China - Shanghai International Automobile Industry Exhibition E-axle LS32 3in1
2021 Auto China - Shanghai International Automobile Industry Exhibition E-axle LS32 3in1