Weifu High-Technology Group Co., Ltd.

Company Profile

■URL

http://www.weifu.com.cn/index.asp

■Address

No.5, Huashan Road, Xinwu District, Wuxi, Jiangsu 214028, China

Business Overview

-A Sino-foreign joint venture automotive parts supplier. Main products are fuel injection systems, exhaust gas after-treatment systems and air intake systems for diesel engines.

-Since 1990, the company has partnered with Robert Bosch GmbH to introduce fuel injection pump technology. Currently, the company has a broad alliance with Robert Bosch GmbH, including the signing of a license agreement and the establishment of a joint venture company in China.

-The company conducts business in four areas: fuel injection systems for diesel engines, exhaust gas after-treatment systems, air intake systems, and core components for fuel cells.

  • Diesel fuel-injection systems: widely used in diesel engines of diverse output for various trucks, buses, construction equipment, ships, agricultural machinery, and generator sets. Apart from meeting OEM demand in China, the Company exports part of its products to the Americas, Southeast Asia and the Middle East.
  • Exhaust after-treatment systems: being delivered to various automotive and motorcycle OEMs and general machinery manufacturers in China.
  • Intake systems: being delivered to several small-bore diesel-engine manufacturers and some six-cylinder diesel-engine manufacturers in China, meeting the needs of light-duty and heavy-duty commercial vehicles and some passenger vehicles.
  • Fuel cell core components: Membrane electrodes, graphite bipolar plates, metal plates and BOP (Balance Of Plant) main components are supplied to domestic and overseas fuel cell stack and system manufacturers.

-Out of the Company's core auto parts business, 80% of its products are equipped with electronic control systems and are electronically controlled, which marks the Company's leading position among independent brands. As an active response to the national, new-energy and intelligent-connection (connected) strategies, the Company will prioritize the automotive-parts industry chain, as well as engage in other relevant fields, to develop New Energy Vehicle drive technology and advance enhancing its R&D capabilities on hydrogen fuel-cell technology and intelligent-connection technology.

Shareholders

Listed on the Shenzhen Stock Exchange (As of Dec. 2020)
Company Shareholding Ratio
Wuxi Industry Development Group Co., Ltd. 20.22%
Robert Bosch GmbH 14.16%
Others 65.62%
Total 100%

Products

Fuel Injection Systems for Diesel Engines
Injectors
Pumps
Monoblock pumps and single cylinder pump for China-3
Electronically-controlled VE pumps
Weifu accumulator pump system WAP

Intake System
Gasoline engine turbochargers
Wastegate turbochargers
Vacuum valve variable nozzle turbochargers
Electronically-controlled variable nozzle turbochargers
Two-stage turbochargers
Water-cooled housing turbochargers
Variable volume geometry turbochargers
Fixed geometry turbochargers


Exhaust After-treatment system
Particulate oxidation catalyst (POC)
Selective catalytic reduction (SCR) Catalyst
Catalysts for CNG/LPG engines
Three-way catalysts (TWC
Diesel oxidation catalysts (DOC
Motorcycle catalysts
Catalysts for off-highway vehicles
Industrial waste gas catalysts
SCR systems
Diesel particulate filters (DPF
Mufflers
Catalytic converters

Filter Products
Main fuel filter assemblies
Fuel fine filters
Fuel pre-filters
Air filters
Oil filters

Automotive Electronics Products
Fuel-stop solenoids
Differential pressure sensors
Oil pressure sensors
Solenoid parts
Starter solenoids
OBD module batteries
Intake air heaters
Air pressure control valves
Rail pressure sensors
KSB solenoids
Fuel inlet solenoids
Proportional flow control valves
HDK electric actuators
VE-Type pump/speed sensors
VE-Type pump/timing sensors
VE-Type pump/throttle sensors
Crankshaft speed sensors

Fuel cell products
Metal bipolar plates
BOP (Balance of plant)

History

May 1958 The Company was founded as Wuxi Fuel Injection Equipment Factory
1984 Introduced manufacturing technologies and leading-edge information on A-series fuel injection pumps from Robert Bosch GmbH of Germany. Signed a 10-year contract with Bosch for licensing-in of patent and technologies.
Apr. 1988 Established Wuxi Fuel Injection Equipment Group Co. as a successor of Wuxi Fuel Injection Equipment Factory.
Sep. 1992 The main business of the Wuxi Fuel Injection Equipment Group Co. was formed into a stock company named Weifu Fuel Injection Co., Ltd.
Aug. 1995 Listed on the Shenzhen Stock Exchange. Issued 68 million special common shares.
Nov. 2000 Adopted its current company name Weifu High Technology Co., Ltd.
May. 2004 The Company and Huawei (Shanghai) Nano-Technology Co., Ltd. jointly established Wuxi Weifu Environmental Catalysts Co., Ltd. to manufacture catalysts.
July. 2004 Jointly with Wuxi Weifu Group Co., Ltd.. the Company established Wuxi Weifu Automotive Diesel Systems Co., Ltd.
July. 2004 Established Nanjing Weifu Jinning Co., Ltd. to manufacture VE pumps.
Aug. 2004 Jointly with Robert Bosch GmbH, the Company established Bosch Automotive Diesel System Co., Ltd..
Aug. 2005 Established a new subsidiary "Wuxi Autocam Precision Machine Co., Ltd. jointly with a U.S. maker, Autocam.
May. 2006 The Company and Chaoyang Jialin Machinery Manufacturing Co., Ltd. jointly established Chaoyang Weifu Jialin Machinery. Manufacturing Co., Ltd. to manufacture diesel engine components.
Jun. 2009 Wuxi Weifu Group Co., Ltd., which owns a majority share in the Company, was merged into Wuxi Industry Development Group Co., Ltd.
Aug. 2009 The Company, Schmitter Group AG of Germany, and Shanghai Weishi Auto Science & Technology Development Co., Ltd. jointly established a joint-venture,Wuxi Weifu Schmitter Power System Parts and Components Co., Ltd.
Oct. 2010 The Company acquired 51% shares of Ningbo Tianli Turbocharger Co., Ltd. and changed it's name to Ningbo Weifu Tianli Turbocharging Technology Co., Ltd.
Apr. 2011 Established joint-venture Anhui Weifu Tianshi Machinery Co., Ltd.
Sep. 2011 Liquidated Wuxi Weifu Jida New-Material Application and Development Co. Ltd.
2013 The Company acquired 1% share of Wuxi Autocam Precision Machine Co., Ltd. held by American company, Autocam, thus, the Company held 51% share of Wuxi Autocam and Autocam held 49% share of Wuxi Autocam.
Feb. 2014 Jiangsu Weifu Nanometre Technology Co., Ltd., the Company's subsidiary, completed deregistration procedures.
Apr. 2014 Chaoyang Weifu Jialin Machinery Manufacturing Co., Ltd., the Company's subsidiary, completed the deregistration procedures.
Oct. 2017 Merged with Wuxi Weifu Automotive Diesel Systems Co., Ltd.
Mar. 2018 Denmark [Weifu High-Technology Group Co., Ltd.] established a wholly owned subsidiary, SPV, which acquired a 66% stake in IRD Fuel Cells A/S (IRD), Denmark, held by FCCT ApS for EUR 7.26 million.
Jun. 2019

The Company co-built the Wuxi Xichanweixin Semiconductor Co., Ltd. with Wuxi Industry Development Group, Taiji Industry, Chuxin Semiconductor and Spark.

Sep. 2019 The Company merged its wholly owned subsidiary Wuxi Weifu ITM Supercharger Technologies Co., Ltd.

Supplemental Information 1