Zhongshan Broad-Ocean Motor Co., Ltd.

Company Profile

■URL

■Address

No. 22 Xingwan Road, Cuiheng New Area, Zhongshan, Guangdong 528411, China

Business Overview

-A major Chinese manufacturer of electric motors for construction and household use, the company produces automotive starters and generators as well as electric drive systems for New Energy Vehicles.

-The company is made up of the following two business divisions:

BHM Business Division: Electrical products for construction and home appliances

Shanghai eDrive (SHedrive) (formerly Vehicle Business Group (EVBG)):

-Main products include starter motors and generators for gasoline-powered vehicles, powertrain systems for New Energy Vehicles, parts for fuel cell motors, hydrogen fuel cell motors and powertrain systems.

-The company began planning for the separate listing of the EVBG business division in May 2023. The separate listing will be led by SHedrive. In order to meet the legal and regulatory requirements for separate listing, the name of the listing entity will be further clarified and standardized, and in order to highlight the company's strategic development in the electric vehicle industry in the future, "Dayang Electric Vehicle Business Group (EVBG Business Division)" has been renamed to "Shanghai Edrive Co., Ltd. (SHedrive)" in 2023.

-The company's annual production capacity of its products is as follows:

Motors for construction and home appliances: 80 million units
Starters and generators for automobiles: 6 million units
Powertrain systems for New Energy Vehicles: 1 million units
Fuel cell systems: 3,000 sets

-The Company’s brands include "Dayang Motor", "Prestolite", "Shanghai Edrive" and "GNR".

Shareholders

Listed on Shenzhen Stock Exchange

(as of Dec. 31, 2023)

Shareholders	Shareholding ratio (%)
Chuping LU (Chairman)	25.76
Others	74.24
Total	100

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Products

New Energy Vehicle powertrain systems
-3-in-1 electric drive assemblies
-2-in-1 electric drive assemblies
-Medium voltage drive motors and controllers
-Dual planetary row hybrid powertrain systems
-Heteroshaft high-speed single reduction assembly systems
-High density motor controllers
-Hybrid integrated controllers
-Booster generator assembly systems
-Deep-coupled electric drive assemblies
-Integrated motor controllers for hybrid vehicles

Vehicle rotating devices
-Generators
-Starters

Hydrogen fuel cells
-Fuel cell all-in-one controllers
-High power fuel cell system and BOP
-High-speed centrifugal compressors
-DC/DC converters
-High pressure electronic pumps
-Hydrogen circulation systems
-Hydrogen fuel cell modules
-Water pumps

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History

Oct. 2000	The company was established.
Jun. 2006	The company was restructured into joint stock company..
Jun. 2008	The company was listed on Shenzhen Stock Exchange.
Jul. 2009	The company signed agreements with Beijing Institute of Technology and Beiqi Foton Motor Co., Ltd., and started business in the NEV industry.
Dec. 2011	The company acquired 57.50% of the shares of Wuhu Generator Automotive Electrical Systems Co., Ltd., and became its biggest shareholder.
Oct. 2013	The company acquired 77.77% of the shares of Beijing Prestolite Electric Co., Ltd., and became its biggest shareholder.
Apr. 2015	The company acquired 100.00% of the shares of Prestolite Electric LLC.
Jul. 2016	The company acquired 9.9% of the shares of Ballard Power Systems, Inc., and became its biggest shareholder.
Jul. 2017	The company set up a new company with Zhongtong Bus Holding Co., Ltd. and the Management Committee of Liaocheng Economic Development Zone. The new company was named Shandong Tongyang Hydrogenic Energy Power Technology Co., Ltd., in which Zhongshan Broad-ocean holds 88% of the shares.
Mar. 2018	Jointly invested with Dongfeng Industrial Co.,Ltd. in the establishment of Dongfeng Industrial Brand-Ocean Electric Drive System Co., Ltd. The Company holds 60% of the total shares.
May. 2019	The Company sold its 50% stake in Beijing Prestolite E-Propulsion Systems Co., Ltd. (PEPS) to Dana Electric Holdings BVBA (DEH).
Nov. 2021	The subsidiary, Shanghai Edrive Co., Ltd. set up Weifang Shangwei Edrive Technology Co., Ltd.
Feb. 2022	The wholly owned subsidiary, Ocean Vision Technology (Shanghai) Co., Ltd., was established.