Jinan Worldwide Auto-Accessory Limited

Company Profile

■URL

http://en.jwaa.cn/

■Address

No. 1, Worldwide Road, Changqing District, Jinan, Shandong, China

Business Overview

-The Company is a wholly-owned subsidiary of Wonder Auto Group Limited (Wonder Group). It is engaged in the manufacture and sale of valves and valve tappets for automotive engines.

-Customers included Audi, Volkswagen, Ford, Toyota, Mitsubishi, PSA, FAW, China National Heavy Duty Truck, Chery, Weichai, Yuchai, Shanghai Diesel Engine and other OEMs and engine manufacturers.

-Currently, the Company can produce a full range of valve products for cars, heavy-duty vehicles, medium-duty vehicles, light-duty vehicles and mini vehicles.

-The Company’s three brands are “SHANHE”, “FORYOU” and “WORLDWIDE”.

Shareholders

-Unlisted (As of Dec. 31, 2021)
Shareholders Shareholding Ratio (%)
Wonder Auto Group Limited 100

Products

-Engine valves

  • Sodium filled valves

-Valve tappets

  • Casting tappets
  • Steel tappets (including welded tappets)
  • Cup-type tappets
  • Roller tappets

History

1956 The Company was established
1984 Introduced valve production technology and equipment from TRW (USA)
1986 Became an affiliate of the China National Automotive Industry Corporation
1990 Purchased a production line to manufacture valves and valve lifters from Ford (US)
2001 Launched a new brand "Foryou" in addition to the existing "Shanhe".
2001 Developed the Toyota 8A valves for Tianjin Toyota Auto Engine Co., Ltd. and was awarded a contract to supply the manufacturer on an OEM basis.
Sep. 2004 Developed and started production of C-type engine valve tappets for Cummins.
June. 2005 The Company was acquired by the investment company Beijing Hongyi Investment Co., Ltd. and adopted its current name.
Mar. 2006 Received the first order of valves from Ford Motor Co.
2008 The Company was acquired by Wonder Auto Technology Inc.
2010 The Company acquired Mitsubishi Group's engine valve plant in Shenyang, established Shenyang Worldwide Auto-Accessory Co., Ltd.
Feb. 2021 The shareholder of the subsidiary Shenyang Worldwide Auto-Accessory Co., Ltd. was changed and the company no longer holds its shares.

Supplemental Information 1