Ningbo Joyson Electronic Corporation

Company Profile

■URL

http://en.joyson.cn

■Address

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

Business Overview

-The Company's predecessor is an engine air intake system supplier headquartered in Ningbo.

-In June 2011, the Company acquired Preh Group, a Germany-based electronic components supplier, thus, its product lineup expanded into electronic components, which accelerated the Company's globalization process.

-In 2014, the Company announced that it acquired the company "QUIN" thus becoming a global supplier to Mercedes-Benz, BMW, and Audi.

-In Feb. 2016, the Company acquired KSS Holdings, Inc. and the automotive division of car infotainment, navigation, connectivity, telematics and data services company TechniSat Digital GmbH, of Daun, Germany. In June 2016, the Company completed the acquisition of Key Safety Systems (KSS).

-In April 2018, KSS Holdings, Inc., the Company's subsidiary, finished acquisition of the assets of Takata, excluding those for ammonium nitrate generator business, at a price of USD 1.588 billion.


Shareholders

-Listed on Shanghai Stock Exchange (As of Dec. 31, 2018)
Company Name Shareholder Ratio
Joyson Group 35.20%
Others 64.80%
Total 100%

Products

Auto Function Parts (Ningbo Joyson Electronic)
Air intake systems

Body washer systems

Air management systems
-Central air outlets

Mirror systems
-Interior rearview mirrors
-Outside mirrors

Fuel filter door

Front grilles

Steering wheels ASSY (QUIN)

HMI:Human–Machine Interaction (Preh GmbH)
Climate control systems

Car connect

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

Sensors systems
-Defogging sensors
-Position sensors

Electronic control units
-Battery management ECUs

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

-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

E-Mobility power control
BMS solutions for NEVs

48V hybrid BMS products

Wireless charging technology

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., which is the Company's subsidiary now.
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 accelerate 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 Bosen Electronic Co., Ltd., a wholly owned subsidiary of the Company, acquired a 25 percent share in Ningbo Joyson Electronics Co., Ltd. from Bosen (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 Company.
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..
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.
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.
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.

Supplemental Information 1