Xuchang Yuandong Drive Shaft Co., Ltd.
-The Company is the first commercial drive shaft manufacturer in China. The Company focuses on the R&D, production, and sales of non-constant velocity drive shafts, constant velocity drive shafts, as well as relevant parts and components. Products of the Company includenon-constant velocity driveshafts and constant velocity drive shafts. The non-constant velocity driveshafts can be divided into four categories, including those for application inwhich are heavy-duty vehicles, medium-duty vehicles, mini vehicles, and light vehicles. They are also works on developing, and engineering machinery. While constant velocity drive shaftsThey can be used in commercial vehicles,engineering machinery (loaders and cranes), and special-purpose vehicles, they are . The constant velocity drive shaftsare mainly applied usedin passenger vehicles.
-The Company formed stable supply relationships with OEMs such as Beiqi Foton, Daimler, Shaanxi Heavy Duty Automobile Co., Ltd., SAIC-GM-Wuling Automotive Co., Ltd., SAIC-Iveco Hongyan Commercial Vehicle Co., Ltd. and Jiangling Motors Co., Ltd.
-The Company has a production capacity of 6 million sets of non-constant speed drive shafts. It is capable of producing more than 8,000 varieties of drive shafts.
|-The Company is listed on Shenzhen Stock Exchange||(as of Dec. 31, 2019)|
|Shareholders||Shareholding Ratio (%)|
Drive shaft parts
|1953||Xuchang Yuandong Drive Shaft plant was established.|
|1969||The Company was identified by State Ministry of Machinery as the first professional drive shaft manufacturer.
|Dec., 1992||Chongqing Heavy Automobile Yuandong Drive Shaft Co., Ltd., the Company's joint venture, was established.|
|2003||The Company transformed into a limited liability company.|
|Jun., 2005||Beijing Fuboda Drive Shaft Co., Ltd., the Company's subsidiary, was established.|
|Dec., 2006||Liuzhou Yuhang Drive Shaft Co., Ltd., the Company's subsidiary, was established.|
|Nov. 2007||Beijing Beiqi Yuandong Transmission Co., Ltd., the Company's subsidiary, was established.|
|Jan., 2008||Weifang Yuandong Drive Shaft Co., Ltd., the Company's subsidiary, was established.|
|May, 2010||The Company listed on the Shenzhen Stock Exchange.|
|Jul, 2010||Baotou Yuandong Drive Shaft Co., Ltd., the Company's subsidiary, was established.|
|Dec., 2010||Hefei Yuandong Drive Shaft Co., Ltd., the Company's subsidiary, was established.|
|May, 2012||Changsha Yuandong Drive Shaft Co., Ltd., the Company's subsidiary, was established.|
|Jun., 2014||Liuzhou Yuanteng Transmission Parts Co., Ltd., the Company's subsidiary, was established.|
|The Company signed Asset Purchase Agreement with Xuchang Yuanbo Machinery Co., Ltd. to acquire Yuanbo Machinery’s part of operating assets.|
|Aug., 2016||The Company acquired 50% shares of Chongqing Heavy Automobile Yuandong Drive Shaft Co., Ltd. from Chongqing Machinery & Electronics.|
|Jun. 2018||The Company acquired the remained 54.73% shares of Xuchang Qianchao Yuandong Auto Parts Co., Ltd., which became the Company's joint venture.|