Ningbo Joyson Electronic Corp.

Company Profile

■URL

https://www.joyson.com/en/

■Address

No. 99 Qingyi Road, Gaoxin, Ningbo, Zhejiang 315040, China

Business Overview

The company is a leading auto parts supplier in China. It was formerly a supplier of engine intake systems and other components based in Ningbo, China.

-Major customers are VW, BMW, Mercedes-Benz, Audi, Tesla, GM, Ford, Toyota, Honda, Geely, GAC, NIO, Li Auto, XPeng, BYD and other global automakers as well as local brands in China.

-Main businesses:

Main businesses		Details
Automotive Electronics	Intelligent cockpit	The company mainly provides intelligent cockpit human-computer interaction system products and intelligent cockpit domain controller products.
	Connected systems	The company mainly provides 5G-V2X vehicle-road collaboration solutions and 5G-V2X integrated digital intelligent antenna solutions.
	Smart driving	The company mainly provides L2 to L4 intelligent driving domain control products, including integrated driving and parking domain control, cockpit fusion domain control and central processing units.
	New Energy control systems	The company mainly provides battery management systems (BMS), as well as single and multi-in-one power electronic products such as charging boost modules (Booster), on-board chargers (OBC), and DC voltage converters (DC/DC).
Automotive Safety Systems		The company mainly provides products related to seat belts, airbags, smart steering wheels and integrated safety solutions.

-In 2023, the total life cycle value of new orders exceeded CNY 73 billion. Among the new business orders, the value of orders related to New Energy Vehicles exceeded CNY 45 billion, accounting for more than 60%. The automotive electronics business achieved operating income of approximately CNY 17.2 billion, an increase of approximately 12% year-over-year (y/y). The automotive safety business achieved operating income of approximately CNY 38.6 billion, an increase of approximately 12% y/y.

Business trends

-The companies acquired in 2011-2022 are as follows:

Year	Acquired company (former name)	Business description
2011	Preh GmbH	Expand product lineup and accelerate globalization
2014	Quin GmbH	Became a global supplier to Mercedes-Benz, BMW, Audi, and others in the field of automotive functional components.
2016	KSS Holdings, Inc.	Expanded operations of automotive safety systems business.
2016	TechniSat Digital GmbH, Daun	Development and supply of automotive information system modules, expanding business in navigation systems, intelligent networks, etc.
2018	Takata (excluding phase stabilized ammonium nitrate gas (PSAN) inflators business)	Expansion of automotive safety systems business.

Shareholders

-Listed on Shanghai Stock Exchange

(As of Dec. 31, 2023)

Shareholder	Shareholder Ratio
Joyson Group Co., Ltd.	36.73
Others	63.27
Total	100

Access the latest exhibition info.
Click for a free trial!

Products

Automotive Safety Systems (KSS)
Active safety systems
-Autonomous technology

Facial recognition technology
Driver attention monitoring
Occupant positioning sensors
Early mechatronic restraint preparedness
Surround view vision systems
Intelligent sensors
ADAS: Advanced Driver Assist Systems
Park assist systems
Accident recording systems

-Event protection

Active body panels
Fire suppression protection
Rapid interruption mechatronic devices
High voltage line cutters

-Integrated safety & electronics

Passive safety systems
-Airbags

Driver airbags
Passenger airbags
Adaptive passenger airbags
Pelvis-thorax side airbags
Knee airbags
Curtain airbags
Occupant to Occupant (OTO) airbags

-Inflators

Driver inflators
Passenger inflators
Cold gas inflators
Cold gas curtain inflators
Side and knee inflators

-Seat belts

Seatbelt buckle tension sensor - SBTS
Buckles
Buckle pretensioners
Sill-end pretensioners
3-door sill-end pretensioners
Global modular retractors - GMR
Compact pretensioner (CPT) retractors
Multi-level load limiter (MLL) retractors

-Inflatable seat belts

-Steering wheels

Heated steering wheels
Airbag integrated steering wheels
Integrated electronic steering wheels
Solid wood and wood shell steering wheels
Leather wrapped steering wheels

Specialty products

HMI: Human–Machine Interface (Preh GmbH)

Climate control systems

Connected car

Driver control systems
-Central control systems
-Center stacks
-Multifunction switches

Sensors systems
-Defogging sensors
-Position sensors

Electronic control units
-Battery management ECUs

ISELED (Intelligent Smart Embedded LED)

E-Mobility power control
BMS (battery management system) solutions for NEVs

48V hybrid BMS products

Wireless charging technology

View latest major parts supplier agreements.
Click for a free trial!

History

2004	The Company's predecessor, Ningbo Joyson Automobile Parts Co., Ltd., which was an engine air intake system supplier, was established.
2006	The Company began to supply to VW, GM and Ford.
2007	The Company's predecessor Ningbo Joyson Automobile Parts Co., Ltd. has changed its name into Ningbo Joyson Automotive Electronics Co., Ltd., .
2008	The Company was qualified as a Tier 1 supplier of VW and became a global supplier of GM.
2010	The Company established a joint venture called Ningbo Preh Joyson Automotive Electronics Co. with the Preh Group in Germany.
Jun. 2011	The Company successfully acquired the Preh Group. The Company's main business was based in domestic China (Ningbo, Shanghai, Changchun and Chengdu). After acquisition, the Company started businesses in Germany, America, Portugal, Romania and Mexico, which accelerated the Company's globalization process.
Dec. 2011	The Company was listed under the name of Liaoyuan Deheng Co., Ltd. in Shanghai Stock Exchange.
Apr. 2013	Zhejiang Boshen Electronic Co., Ltd., a wholly owned subsidiary of the Company, acquired a 25 percent share in Ningbo Joyson Electronics Co., Ltd. from Boshen (China) Holding Limited for CNY 212.86 million. After the completion of the transaction, Ningbo Joyson Electronics Co., Ltd. became a wholly subsidiary of the Zhejiang Bosen Electronic Co., Ltd..
Aug. 2013	The Company's subsidiary, Preh GmbH, took over the software development company Innoventis GmbH in Wurzburg.
Feb. 2014	The Company's name changed from "Liaoyuan Joyson Electronic Corporation" into "Ningbo Joyson Electronic Corporation".
Mar. 2014	The Company established a new wholly-owned subsidiary, Wuhan Joyson Auto Parts Co., Ltd..
Dec. 2014	The Company announced that it would acquire Germany-based Quin GmbH, a steering and interior parts supplier for luxury vehicles. Joyson Electronics would pay over EUR 90 million for the deal.
Apr. 2015	The Company established a new wholly-owned subsidiary, Joyson Intelligent Car Networking Co., Ltd..
Apr. 2015	The Company, Ningbo Chancheng Investment Management Co., Ltd., and Ningbo Nanxin Industrial Investment Co., Ltd. established jointly Ningbo Chancheng Joyson New Energy Science & Technology Co., Ltd. in Yinzhou, Ningbo.
Jun. 2015	The Company established wholly subsidiary "Ningbo Joyson Preh Intelligent Car Networking Co., Ltd."
Dec. 2015	The Company transfered a 95% stake in Huade Plastics Co., Ltd. it owns jointly with Changchun Joyson Electronic Auto Parts Co., Ltd., its subsidiary, to Ningbo Shengfeite Investment Management Co., Ltd. for CNY 440 million.
Dec. 2015	The Company acquired all Zhejiang Boshen Electronic Co., Ltd. shares owned by its subsidiary, Changchun Joyson Electronic Auto Parts Co., Ltd., and change the company's name to Ningbo Joyson Science & Technology Co., Ltd.
Feb. 2016	The Company and its German subsidiary, Preh Holding GmbH, jointly acquired the automotive division of TechniSat Digital GmbH, Daun in Germany.
May 2016	Preh IMA Automation GmbH, a wholly owned subsidiary of the Company, announced that it acquired all EVANA Automation shares owned by Phillips Service Industries Inc. for USD 19.5 million.
Jun. 2016	The Company completed the acquisition of Key Safety Systems (KSS).
Dec. 2016	Ningbo Shengxin Electronic Science & Technology Co., Ltd., which is a subsidiary of the Company, established a semiconductor joint venture with Zhongxin Jingyuan Equity Investment (Shanghai) Co., Ltd. and Beijing IC Design & Packaging Testing Equity Investment.
Jun. 2017	The Company transferred all shares in Preh IMA Automation GmbH, from Preh GmbH, one of the Ningbo Joyson Electronic’s subsidiaries and the current owner of the shares, to PIA Automation Holding GmbH.
Jun. 2017	The Company's subsidiary, KSS Holdings, Inc., signed a memorandum for asset purchasing with Takata Corp. KSS Holdings will purchase the assets of Takata, excluding those for ammonium nitrate generator business.
Feb. 2018	The Company's new industrial city started operation.
Mar. 2018	The Company completed construction of its Stuttgart R&D Center.
May 2019	The Company renamed its subsidiary, Ningbo Joyson Automotive Electronics Co., Ltd., to Ningbo Joyson Quin Automotive System Co., Ltd.
Dec. 2020	Sold a 51% stake in Ningbo Joyson Quin Automotive System Co., Ltd., a subsidiary of Ningbo Joyson Quin Automotive System Co., Ltd.