Zhongshan Broad-ocean Motor Co., Ltd.

Company Profile

■URL

http://www.broad-ocean.com/

■Address

No.3 Industry Area, Shalang West District, Zhongshan, Guangdong 528411, China

Business Overview

-The company specializes in the research, production, and sales of household appliances, powertrain systems for NEVs, and vehicle rotating equipment.

-The business is divided into four departments, namely HM, EV, RE and EVOP:

  • HM Department's (Household appliances) major products: household appliances.
  • EV Department's (Powertrain systems for NEVs) major products: drive motors and controllers for NEVs, BSG motors for energy efficient vehicles, hydrogen fuel cells and the auxiliary systems.
  • RE Department's (Automotive rotating equipment) major products: starters, generators and start/stop motors for commercial vehicles and passenger vehicles.
  • EVOP Department's (NEV operation platform) major business: Rental of NEVs, vehicle online booking, components supply for NEVs, rental of charging facilities, and constructions as well as operations of NEV charging stations and piles.


-The company began business in powertrain systems for NEVs in 2009, automotive rotating equipment in 2011, NEV operation platform in 2015, and hydrogen fuel cells in 2016.

-The company has an annual production capacity of over 300,000 powertrain systems for NEVs, and over 5 million automotive rotating equipment. Over 6,000 NEV charging facilities of the company has been operated in multiple cities.

-Broad-ocean Motor, the company's self-owned brand, covers businesses in household appliances and powertrain systems for NEVs. And the company owns the right of free permanent use of Prestolite, a leading brand in vehicle starters and generators that obtains an equal reputation to Bosch, Remy, Denso, and Valeo.

Shareholders

Listed on Shenzhen Stock Exchange (as of Dec. 31, 2016)
Shareholders Shareholding(%)
Lu Chuping 31.88
Tibet Sheng'anneng Industrial Co., Ltd. 6.36
Xu Haiming 6.24
Others 55.52
Total 100.00

Products

Powertrain systems for new energy vehicles
-Drive motor systems for new energy vehicles
-Controllers for new energy vehicles
-BSG Motors for energy efficient vehicles
-Hydrogen fuel cells

Automotive rotating equipment
-Starters
-Generators
-Start/stop motors

History

Oct. 2000 The company was established.
Jun. 2006 The company was restructured into a company limited by shares.
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 businesses in the NEV industry.
Dec. 2011 The company acquired 57.50% shares in Wuhu Generator Automotive Electrical Systems Co., Ltd., and became its biggest shareholder.
Oct. 2013 The company acquired 77.77% shares in Beijing Prestolite Electric Co., Ltd., and became its biggest shareholder.
Apr. 2015 The company acquired 100.00% shares in Prestolite Electric LLC.
Jul. 2016 The company acquired 9.9% shares in 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% shares.