Zhejiang Wanliyang Co., Ltd.

Company Profile

■URL

http://www.zjwly.com

■Address

Building 5, Liuhe Cloud Mansion, Yunqi Town, Xihu District, Hangzhou, Zhejiang, China

Business Overview

The Company is one of the largest transmission manufacturers in China.

-The Company is a leading manufacturer of transmissions for mini trucks, light trucks, medium trucks, heavy trucks, buses, SUVs, MPVs, as well as passenger vehicles. It produces more than 40 transmission families and over 1,000 transmission versions.

-The Company manufactures transmissions, interior trim and drive systems for plug-in hybrid vehicles.

-The Company has production facilities at the following locations:

  • Commercial vehicle transmissions: Jinhua, Zhejiang; Pingyi, Shandong.
  • Passenger vehicle transmissions: Wuhu, Anhui; Ningbo, Zhejiang; Jinhua, Zhejiang.
  • Automotive interior trim: Liaoyang, Liaoning; Dalian, Liaoning; Zhuozhou, Hebei; Wuhu, Anhui; Jingdezhen, Jiangxi; Shangrao, Jiangxi


-As of December 31, 2018, the Company had an annual production capacity of one million commercial vehicle transmissions, 1.5 million passenger vehicle transmissions, and two million sets of interior trim components.

Shareholders

-The Company is listed on the Shenzhen Stock Exchange (as of Dec. 31, 2018)
Shareholders Shareholding Ratio
Wanliyang Group Co., Ltd. 28.45%
Xianggang Libang Co., Ltd. 14.53%
Chery Automobile Co., Ltd. 12.24%
Jinhua Zhongcheng Investment Co., Ltd. 3.91%
Others 40.87%
Total 100.00%

Products

Transmission and parts
-Manual transmissions
-Automatic transmissions
-Continuously variable transmissions
-Gears
-Synchronizers
-Castings

Interior parts
-Instrument panels
-Seats
-Steering wheels
-Door panels
-Bumpers
-Interior accessories

Drive System for PHEV
-Continuously variable transmissions for PHEV
-Motor controllers
-Drive assemblies
-Door panels
-Permanent magnet synchronous motors
-AC motors

History

Nov. 1998 Shandong Menwo Transmission Co., Ltd., the Company's subsidiary, was established.
1999 The Company began producing transmission.
2003 Zhejiang Wanliyang Transmission Ltd., the Company's predecessor, was established.
Aug. 2003 Jinhua Wanliyang Machinery Manufacturing Co., Ltd., the Company's subsidiary, was established.
Sep. 2007 Taizhou Geely Fada Auto Transmission Co., Ltd., the Company's subsidiary, was established.
May 2008 Jinhua Wanliyang Transmission Co., Ltd., the Company's subsidiary, was established.
Sep. 2009 Sichuan Wanliyang Transmission Co., Ltd., the Company's subsidiary, was established.
Jan. 2010 Zhejiang Meiyidun Transmission Co., Ltd., the Company's subsidiary, was established.
Jun. 2010 Listed on Shenzhen Stock Exchange.
Jun. 2011 The Company cooperated with Geely to enter into car transmission market.
Jan. 2013 The Company passed Tata's quality system audit and became Tata's supplier.
Apr. 2014 The Company completed construction of Wanliyang Automotive Transmission Institute.
Jan. 2016 The Company changed its name from "Zhejiang Wanliyang Transmission Co., Ltd. " to "Zhejiang Wanliyang Co., Ltd."
May 2016 The Company acquired 100% of Wuhu Chery Transmission Co, Ltd. shares from Chery for CNY 2.6 billion.
The Company acquired all Ningbo Wanming Auto Parts Co., Ltd. shares owned by Zhejiang Antong Investment Co., Ltd. and Mr. Li Biao, a private investor, for CNY 20 million. 
The Company increase its shareholding in Shandong Menwo Transmission Co., Ltd., its subsidiary, to 66.12% from the current 53.88% by acquiring the 12.24% stake held by Linyi Sincerity Investment Co., Ltd.
Jun. 2016 The Company signed an agreement with Liaoyang Guoyue Investment Co., Ltd. and Liaoyang Kunpeng Investment Management Co., Ltd. concerning its acquisition of Jinxing Automotive Interior Co., Ltd.'s shares.  Jinxing Automotive Interior became a wholly owned subsidiary of the Company. 
Jul. 2016 Ningbo Wanming changed its name into "Ningbo Wanliyang Transmission Co., Ltd.", at the State Administration for Industry & Commerce
Dec. 2016 The Company and GIF Research Center (China) Ltd. agreed to establish GIF Automotive Technology (Zhejiang) Co., Ltd. A total of CNY 20 million will be invested in the joint venture, of which CNY 11 million (55%) will be provided by Zhejiang Wanliyang and CNY 9 million (45%) will be provided by GIF.
The Company invested CNY 500 million from its own resources to establish a new company in Jinhua, Zhejiang Province. The new company will be called Zhejiang GIF Automotive Drive System Co., Ltd.
Feb. 2017 Jinxing Automotive Interior Decoration Co., Ltd., a wholly owned subsidiary of the Company, and Inteva Products, LLC. signed a letter of intent to form a joint venture. Investment in this project is expected to reach approximately USD 15 million, of which 51% will be invested by Inteva Products and 49% will be provided by Jinxing Automotive Interior Decoration.
May. 2017 Jinxing Automotive Interior Co., Ltd. changed its name to "Liaoning Jinxing Automotive Interior Co., Ltd."
Jan. 2018 The Company and Jinfei Holding Group Co., Ltd. announced establishment of Fuyuan Feiyang Automotive Components Co., Ltd. with a 50:50 investment.
Feb. 2018 The Company established Fuyuan Feiyang Automotive Components Co., Ltd. with Jinfei Holding Group Co., Ltd. The joint venture will produce and sell luminum auto parts.
May. 2018 The Company's wholly-owned subsidiary, Wuhu Wanliyang Transmission Co., Ltd., had completed the procedure to register its subsidiary, Zhejiang Wanliyang New Energy Drive Technology Co., Ltd.

Supplemental Information 1