Shanghai SIIC Transportation Electric Co., Ltd. (STEC)

Company Profile

■URL

http://www.stec-cn.com/

■Address

No. 400, North Caoxi Road, Xuhui District, Shanghai 200030, China

Business Overview

-A wholly owned subsidiary of HUAYU Automotive Systems Company Limited.

-The Company’s main products include door panels, window regulators, horns, electronic products (including immobilizers, anti-pinch products, body controllers, electronic instruments, keyless entry systems, etc.), switches, DC motors and other products.

-The company supplies many Chinese domestic vehicle manufacturers such as SAIC VW, SAIC GM, SAIC Passenger Vehicle, FAW-VW, Great Wall Motor and Geely Automobile. The Company supplies window regulators, horns, DC motors and other products to GM and Volkswagen in the global market, and exports to more than 30 countries and regions in Americas, Europe, East Asia and other regions.

-The company has four Sino-foreign joint ventures, one domestic joint venture, and manufacturing bases in Qingpu, Shanghai, Baoding, Hebei, and Detroit, USA.

-As of December 18, 2020, the Company has completed the sale of its 45% equity interest in Shanghai Lear Automotive Parts Co., Ltd. (formerly Shanghai LEAR-STEC Automotive Parts Co., Ltd.)

Shareholders

Unlisted As of Dec. 31, 2021
Shareholder Shareholding Ratio (%)
HUAYU Automotive Systems Company Limited (HASCO) 100

Products

Automotive electrical components
-Wire harnesses
-Electric wipers
-Power sunroofs
-Power windows
-Central locks
-Internal door modules
-Electric horns
-Relays
-Signal flashers
-Electric switches
-Ignition cables
-Cigar lighters

Automotive electronic components
-Electronic control modules
-Door lock controllers
-Power window controllers
-Wiper controllers
-Electronic horn controllers
-Pinch prevention controllers
-RKE systems
-Immobilizer systems

Automotive motors
-Wiper motors
-ABS motors
-Power window regulator motors
-Actuator motors

History

1951 Founded as the Shanghai Jianshe Transportation Parts Factory.
1956 Shanghai Jianshe Transportation Parts Factory came under ownership of both the state and a private company.
1966 Changed its name to Shanghai Transportation Electric Factory.
1987 Merged with Shanghai No.2 Auto Accessory Factory.
Nov. 1988 With capital invested from Hong Kong, jointly established Shanghai SIIC Transportation Electric Co., Ltd.
1994 Independently developed power window motors, which were approved by Shanghai VW, for the Santana 2000.
June 1996 Jointly established Shanghai ITT Automotive Electric System Co., Ltd., with ITT of the US.
Oct. 1998 Valeo (of France) bought a stake in the company's subsidiary, Shanghai ITT Automotive Electric System Co., Ltd., and renamed it to Shanghai Valeo Automotive Electric Motors & Wiper Systems Co., Ltd.
Mar. 1999 Established Shanghai Brose Automotive Components Co., Ltd. with Brose International Co., Ltd. (Germany)
Dec. 1999 Jointly established a joint venture company called the Shanghai Delphi Automotive Door Lock & Security System Co., Ltd. with US based Delphi Co., Ltd. In 2002, the joint-venture company adopted a new name, Shanghai Delphi Automotive Door Systems Co., Ltd.
Aug. 2003 Established Shanghai Lear STEC Automotive Co., Ltd. jointly with Lear Corporation of the U.S.
Jul. 2004 Together with the small-car unit of ArvinMeritor Inc. (U.S.), the Company established Shanghai ArvinMeritor Automotive Parts Co., Ltd. as a 50/50 joint venture.
Mar. 2008 Shanghai Delphi Automotive Door Systems Co., Ltd. sold the entire 60 percent shareholding it had held in Shanghai Delphi Automotive Door Systems Co., Ltd. to Inteva Products, LLC, which is a wholly owned subsidiary of the Renco Group. The name of the joint-venture company was thereby changed to Shanghai Inteva Automotive Door Systems Co., Ltd.
June 2008 The Company sold the shares it held in Shanghai Valeo Automotive Electric Moto & Wiper System Co., Ltd. to Nidec.
June 2008 Established Nanjing Shenhua Automotive Electronic Co., Ltd. jointly with Donghua Automotive Industrial Co., Ltd..
July 2011 Inteva Products, LLC acquired ArvinMeritor's Body Systems business. Thus Shanghai ArvinMeritor Automotive Parts Co., Ltd. changed name to Shanghai Inteva Automotive Parts Co., Ltd. 
Nov. 2015 Baoding Shanghai SIIC Transportation Auto Part Co., Ltd., a wholly-owned subsidiary of the Company, was established.
Apr. 2019 Huayu Automotive Systems (HongKong) Co., Ltd. acquired a 30% stake in Shanghai SIIC Transportation Electric Co., Ltd. from SAIC Europe S.àr.I. and Shanghai SIIC Transportation became Huayu's wholly-owned subsidiary.
Dec. 2020 The Company intends to sell its 45% holdings of Shanghai Lear STEC Automotive Parts Co., Ltd. to Lear China.

Supplemental Information 1