Weifu High-Technology Group Co., Ltd.
Company Profile
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Business Overview
The Company is a Sino-foreign joint venture automotive parts supplier. The Company's main products are diesel fuel injection system products, automotive exhaust gas after-treatment system products, air intake system products, and fuel cell components.
-Since 1984, the company has partnered with Robert Bosch GmbH to introduce fuel injection pump technology. Currently, the Company has an alliance with Robert Bosch GmbH, including a license agreement and the establishment of a joint venture company in China. In 2023, the company's largest customer was Bosch Powertrain Co., Ltd., with sales of CNY 1,878.79 million, accounting for 16.94% of sales. Robert Bosch GmbH was the company's second largest customer, with sales of CNY 1,673.73 million, accounting for 15.09%.
-The company's main business is as follows:
Business |
Content |
Diesel fuel injection systems |
Products include high-pressure oil pumps, high-pressure oil rails, injectors, filters and others. Widely used in diesel engines of different outputs, supporting various types of trucks, buses, construction equipment, ships, agricultural machinery, generator sets, etc. Besides supplying OEMs in China, the company also exports products to the Americas, Southeast Asia, the Middle East and other regions. |
Exhaust after-treatment systems |
Products include diesel, gasoline, and natural gas engines exhaust purification systems, as well as mufflers, catalytic converters and other products, which can meet the China-6 and off-highway Stage 4 emission regulations for vehicles. The products are widely used in traditional engine-powered vehicles, plug-in hybrid passenger cars, commercial vehicles, off-road equipment and others. |
Intake systems |
Products include turbochargers for diesel, gasoline, and natural gas engines and other products, meeting the China-6 and off-highway Stage 4 emission regulations for vehicles. The products are used in many applications including commercial vehicles, traditional engine-powered vehicles, plug-in hybrid passenger cars, construction equipment, agricultural machinery, generator sets and others. |
Core components of fuel cells |
Products include membrane electrodes, bipolar plates (graphite, metal), catalysts and BOP key components (such as valves, pumps, and air compressors) and other products. |
Core components of electric drive system |
Products include motor shafts, end covers, water jackets and other products. |
Core components of thermal management system |
Products include electronic oil pumps, electronic water pumps, thermostats and other products, mainly provided to Chinese domestic and overseas new energy passenger vehicle and commercial vehicle OEMs. |
Core components in the cabin |
Products include automotive seat assemblies, seat frames, long power slide rails, shock absorbers and others. |
Core components of brake system |
Products include mechanical vacuum pumps and other products, mainly supplied to Chinese domestic and overseas mainstream passenger vehicle manufacturers. |
Shareholders
Listed on the Shenzhen Stock Exchange | (As of Dec. 2023) |
Company | Shareholding Ratio |
Wuxi Industry Development Group Co., Ltd. | 20.23% |
Robert Bosch GmbH | 14.16% |
Others | 65.61% |
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
Asymmetric-turbine turbochargers
Gasoline engine turbochargers
Wastegate turbochargers
Electronically controlled wastegate turbochargers
Vacuum valve variable nozzle turbochargers
Electronically controlled variable nozzle turbochargers
Two-stage turbochargers
Turbochargers with liquid-cooled housings
Variable volume geometry turbochargers
Fixed geometry turbochargers
E-boosters
Exhaust After-treatment system
Particulate oxidation catalyst (POC)
Selective catalytic reduction (SCR) catalysts
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)
Connected
Standardized radar module products
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. |
Jul. 2022 | Established Wuxi Weifu Hydrogen Power Technology Co., Ltd., a hydrogen fuel cell parts joint venture, with Robert Bosch Internationale Beteiligungen AG and Wuxi High-Tech Zone New Energy Industry Development Fund. |
Supplemental Information 1
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Note: A figure in brackets ( ) indicates a loss