Ningbo Huaxiang Electronic Co., Ltd.

Company Profile

■URL

http://www.nbhx.com.cn

■Address

6F, Block A, No.1168, Century Avenue, Pudong, Shanghai, China

Business Overview

-The Company produces automotive interior and exterior systems, chassis systems, electronics and HVAC, and engine system components. Major products include decorative strips, main and auxiliary instrument panels, interior and exterior trim components, metal body parts, rearview mirror systems, electronic control units, wiring harness protection systems, and new energy battery pack components.

-The Company formed joint ventures with Merkt, Schlemmer, Aptiv, Inoac, Grupo Antolin, Miller and others and produces automotive parts in collaboration with major suppliers in China.

-Production sites are located globally. Production sites in China are located in Ningbo, Shanghai Lingang, Northeast China (Changchun, Shenyang), Chengdu, Tianjin, Fushan, Qingdao, Chongqing, Changsha, Wuhan, Nanjing, and Hefei. The Company also has plants in Europe, North America, and Southeast Asia. In 2021, production began at the company's plant in Mexico.

-Supplies major parts to Chinese domestic and global OEMs, including Volkswagen, Honda, Hongqi, Mercedes-Benz, Tesla, GM, BMW, Volvo, SAIC Motor, Jaguar Land Rover, NIO, Dongfeng Motor, Chery, BYD, Great Wall Motor, Li Auto, XPeng, Stellantis, and Leapmotor..

Shareholders

-Listed on the Shenzhen Stock Exchange

(as of Dec. 2022)

Major Shareholders	Shareholding Ratio
Ningbo Fengmei Industrial Co., Ltd.	24.53
Xiaofeng ZHOU	17.03
Others	58.44
Total	100

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Products

Interior parts
-Instrument panel assemblies
-Door trims
-Door panels
-Wood trims
-Center consoles
-Pillars
-Dashboards
-Roofs
-Headrests
-Ducts
-Fuel filler caps

Exterior parts
-Rearview mirrors
-Spoilers
-Bumpers
-Grilles
-Wrapping glass

Decorative trims
-Real wood trims
-Aluminum trims
-Carbon fiber trims
-Light transmission trims
-In mold decorative trims

Body metal parts
-Body Stamping parts

Body in White
Floor
Bumper beam
Door sill
Trims

-Body chassis

Steering columns
Steering spindles

-Welded sunroofs
-Emission systems

Electronic products
-Mirror systems
-Electronic control units
-Protection systems for wiring and harnesses
-New energy battery pack components

Other parts
-Air conditioning duct systems
-Mufflers
-Exhaust modules

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History

Nov.1988	Established Ningbo Huaxiang Electronic Co., Ltd. jointly with Hongkong Ningxing Company.
Jan. 2002	Established Ningbo Merkt Automotive Decorative Parts Co., Ltd.
Dec.2002	Established Ningbo Inoac Huaxiang Automobile Products Co., Ltd. to manufacture and sell automotive components made of resin.
June2005	Listed on the Shenzhen Stock Exchange.
Dec.2005	Transferred the share of Jilin Changchun Silencer Co., Ltd and established Changchun Huaxiang Car Silencer Co., Ltd.
June2006	Established Gongzhuling Antolin Huaxiang Auto Trim Products Co.,Ltd.
Nov.2007	Established Ningbo Antolin Huaxiang Automobile Products Co.,Ltd. with Grupo Antolin Irausa, S.A.
Jan. 2008	Bought shares in Fawer Automotive Parts, becoming the largest shareholder of Fawer Automotive Parts Co., Ltd.
Dec.2008	Ningbo Inoac Huaxiang Automobile Products Co., Ltd. established Recticel Inoac Huaxiang Co. (RIHX) with Recticel NV of Belgium.
Aug.2009	Transferred 73.8% shareholding of Liaoning Luping Machinery Co.,Ltd.
Sep.2009	Transferred 29% shareholding of Fawer Automotive Parts Co., Ltd.
Aug.2010	Transferred 51% shareholding of Shanghai Huaxin Automobile Rubber & Plastics Product Company to the Huaxiang Group.
2012	The subsidiary Ningbo Merkt Automotive Decorative Parts Co., Ltd renamed for Ningbo Huaxiang Trem Automotive Decorative Parts Co.,Ltd.
May 2013	Ningbo SMR Huaxiang Automotive Mirrors Ltd., in which the company has a 50 percent share, invested CNY 80.76 million to establish Chongqing SMR Huaxiang Automotive Mirrors Ltd. at the Chongqing Xipeng Industrial Park.
	The Company established Gongzhuling Antolin Huaxiang Auto Trim Products Co.,Ltd. with Antolin Shanghai Autoparts Co., Ltd.
	The Company acquired a 49 percent share in Faurecia (Chengdu) Emission Control Technologies Co., Ltd.
	The Company acquired 100% share of HIB Trim Part Group.
Jun. 2014	The Company established a new joint venture with Jiangling Motors Corporation in Nanchang, Jiangxi.
Aug. 2014	NBHX Automotive System GmbH, the Company's wholly owned subsidiary, acquired a 75 percent share in Germany-based Alterprodia at the price of EUR 900,000.
Dec. 2014	The Company announced that it signed a contract with Shenyang Fengmei Plastic Co., Ltd., under which Ningbo Huaxiang Electronic will acquire part of Shenyang Fengmei Plastic's assets for CNY 27 million.
Mar. 2016	The Company will acquire 93.63% stake in Shanghai Global Precision Mould & Plastics Co., Ltd., which is owned by Ningbo Fengmei Industrial Co., Ltd., Shen Zhongxing, Low Tai Huat, and Shanghai Fanshi Investment Consulting (Limited partnership). The company will spend CNY 610 million for this deal after issuing new shares.
Mar. 2016	The Company announced that it will issue new shares and acquire 100% stake in Ningbo Lawrence Automotive Interiors Co., Ltd. from Ningbo Fengmei Industrial Co., Ltd. for CNY 1.37 billion.
Jun. 2016	The Company announced that it has agreed with Grupo Antolin Irausa, S.A. that it will acquire the 50% of Yangzhou Antolin Huaxiang Auto Trim Products Co., Ltd. shares that are held by Grupo Antolin Irausa for CNY 46 million.
Jun. 2016	The Company announced that it has agreed with Grupo Antolin Irausa, S.A. that it will acquire the 50% of Ningbo Antolin Huaxiang Automobile Products Co., Ltd. shares that are held by Grupo Antolin Irausa for CNY 119 million.
Oct. 2016	The Company signed an agreement with HIB Rolem Trim on a USD 30 million plant project in Romania.
Jun. 2017	The Company set up a new company with a capital of CNY 6 million, jointly with CIMC Vehicles Group Co., Ltd. The joint venture, tentatively named Ningbo Huaxiang Automotive New Materials Co., Ltd, will be owned 60% by Ningbo Huaxiang Electronic and 40% by CIMC Vehicles Group.
Oct. 2018	Acquired 10% of the stock shares in Changchun FAWSN Group Co., Ltd.
Jan. 2019	Established a wholly owned subsidiary in Japan to be the contact point for technology and marketing with an investment of USD 5 million.
Aug. 2019	Acquired 2.4% of the stock shares in Changchun Huaxiang Car Silencer Co., Ltd.
Oct. 2019	Established Fawer Xinchuang New Energy Battery Co., Ltd., a joint venture with Liaoyuan Automobile Refit Co., Ltd. and Fawer Automotive Parts Limited Company.
2021	Reorganized European operations.