Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd.

Company Profile

■URL

https://www.apg.cn/

■Address

No.1399, Yatai Road, Xiaoshan District, Hangzhou, Zhejiang, China

Business Overview

-Chinese privately-owned automotive components manufacturer. Its main business includes the development, production and sales of automotive braking systems, electronic control systems, automated driving systems, in-wheel motors and chassis-by-wire systems.

-The company's automotive brake products include disc brakes, drum brakes, vacuum boosters, brake master cylinders, wheel cylinders, clutch master cylinders, working cylinders and other products; automotive electronic control system products include automotive anti-lock brake systems (ABS), automotive electronic stability controls (ESC), regenerative anti-lock braking systems (EABS), electronic parking brake systems (EPB), electronic power-assisted brake systems (iBooster), integrated electro-hydraulic brake systems (IEHB), etc.

-In the field of connected and NEVs, the Company has developed 77GHz millimeter-wave radar, visual systems (including controllers), and advanced driver assistance system (ADAS).

-For NEVs, the Company provides unit or system products such as in-wheel motors for New Energy Vehicles, inverter speed control modules, and central controller PCUs.

-The Company's customers include Chinese and non-Chinese OEMs and its products are exported to North and South America, Europe, the Middle East, and other countries and regions. Platform products are supplied to VW, GM, Honda, Nissan, Stellantis and other OEMs.

Shareholders

Listed on the Shenzhen Stock Exchange

(as of Dec. 2023)

Shareholder	Shareholding Ratio
Asia-Pacific Machine & Electric Group Corp.	37.48%
Laixing HUANG	5.35%
Others	57.17%
Total	100.00%

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Products

Products for autonomous driving systems
-Corner radar
-Forward long-range radar
-Deep learning front camera
‐Front view cameras
-Domain Controllers
-Automated valet parking modules

Electronic products
-Integrated electro-hydraulic brake systems(IBS(One-box)
-Electronic Stability Controls（ESC)
-Energy feedback electro-hydraulic brakes（EHB)
-EBB
-ABS (Antilock brake systems)

Brake systems
-Disc brakes
-Drum brakes
-Hub motors
-Brake calipers
-Brake discs
-Commercial Vehicle Brake Products

Clutches
-Clutch slave cylinders
-Clutch Operating Cylinders
-Clutch pipes

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History

1976	Shiyan Renmin Commune Automobile Brake Factory was established.
1978	Shiyan Renmin Commune Automobile Brake Factory changed its name into Xiaoshan Shiyan Commune Automobile Brake Factory.
1980	Xiaoshan Shiyan Commune Automobile Brake Factory changed its name into Xiaoshan Automotive Brake Factory.
May 1994	The Company established Zhejiang Asia-Pacific Machine & Electric Group Limited as part of its reorganization project.
2000	The Group took on the form of a stock company and adopted a new name, Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd.
Sep. 2002	Established Asia-Pacific Automobile Chassis Co., Ltd. in Wuhu City, Anhui province.
July 2003	Established Hangzhou APG-FTE Automotive Co., Ltd., which is a joint venture with FTE Automotive GmbH of Germany.
Apr. 2004	Established the Hangzhou APG-TBK Brake System Co., Ltd. joint venture with TBK Co., Ltd.
2005	Established Hangzhou Keunil Enpla Automotive Co., Ltd. through a 50-50 joint venture with a Korean plastics manufacturer, Keunil Enpla Co., Ltd.
Dec. 2007	The Company and Beijing Automotive Industry established a joint-venture company, Beijing Yatai Automobile Chassis System Co., Ltd. to manufacture brake systems and chassis modules.
Aug. 2009	The Company was listed on the Shenzhen Stock Exchange.
July 2010	Established Chongqing Jinrong Asia-Pacific Automotive Co., Ltd. to manufacture disc and drum brakes.
Apr. 2011	Established Anji Asia-pacific Brake Systems Co., Ltd.
May 2011	Established a wholly-owned subsidiary named Changchun ZA Chassis Co., Ltd.
Aug. 2011	Established a wholly-owned subsidiary, Beijing ZA Automotive Parts Co., Ltd.
Aug. 2013	Established a wholly-owned subsidiary, Hangzhou Yateng Foundry Co., Ltd. in Hangzhou.
Oct. 2013	Established a wholly-owned subsidiary, Tianjin Asia-Pacific Chassis Co., Ltd. in Tianjin.
Dec. 2013	Established a wholly-owned subsidiary, Zhengzhou Asia-Pacific Chassis Co., Ltd. in Zhengzhou.
May 2014	Established a wholly-owned subsidiary, Guangde Asia-Pacific Foundry Co., Ltd. in Guangde County, Anhui Province.
Dec. 2014	The Company's subsidiary Hangzhou TBK-APG Brakes Co., Ltd. completed the deregistration procedures for foreign-invested corporations.
July 2015	The Company's subsidiary Zhengzhou Asia-Pacific Chassis Parts Co., Ltd. completed the deregistration procedures.
Aug. 2015	The Company established a wholly-owned subsidiary, Shanghai ZA Automotive Technology Co., Ltd. in the city of Shanghai.
Feb. 2016	The Company deregistered Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. Wuhan Branch.
Feb. 2016	The Company established a wholly-owned subsidiary named Wuhan ZA Chassis Co., Ltd. in Wuhan.
Mar. 2016	The Company and Zonve Auto Exhibition established Chongqing Asia-Pacific Chassis Systems Co., Ltd.
Apr. 2016	The Company established Hangzhou Asia-Pacific Elaphe Power Technologies Co., Ltd. with Elaphe Propulsion Technologies Ltd., its affiliated company.
Mar. 2017	The Company's Shanghai Branch finished registration.
Apr. 2017	The Company established "Jilin Asia-Pacific Longshan Automotive Chassis Co., Ltd." with Jilin Longshan Organosilicon Co., Ltd.
May 2017	The Company and Guangzhou Automobile Group Component Co., Ltd. jointly established Guangzhou Asia-Pacific Automotive Chassis System Co., Ltd.
Mar. 2018	The Company invested in China (Beijing) Intelligent and Connected Vehicle Research Institute Co. Ltd.
Feb. 2019	The Company established a wholly owned subsidiary, Hangzhou Asia-Pacific Intelligent Vehicle Control System Co., Ltd.
Mar. 2019	The Company transferred a 20% stake in Zhejiang Netlink Automotive Active Safety System Co., Ltd., which was held by the Company's subsidiary Shenzhen Forward Innovation Co., Ltd.
Aug. 2019	The Company deregistered the subsidiary Beijing Zheya Automotive Parts Co., Ltd.