Zhejiang Founder Motor Co., Ltd.

Company Profile

■URL

http://en.fdm.com.cn

■Address

No.73, Shiniu Road, Shuige Industrial Park, Liandu District, Lishui 323000, Zhejiang, China

Business Overview

-A China-based supplier established in 1995 conducting research, development, manufacture and sale of micro-motors, drive motors for new-energy vehicles, automotive electronics such as engine controllers, and intelligent controllers for home appliances.

-In recent years, the Company successfully transformed itself into a supplier of core automotive components through the acquisition of Shenzhen Gold Corolla (Motor Control System), Hangzhou Dewos (drive motors for new energy vehicles) and Shanghai High Energy (Diesel Engine Electronic Control). 

-The Company has five production plants, one each in Vietnam, Shanghai, Hangzhou, Shenzhen, and Hubei. In addition to its joint venture, Fangzheng Electric (Shanghai) Research Center, in Shanghai, the Company will establish a joint venture company, Lishui Fangde Intelligent Technology Research Institute, with Shanghai Zhong Zhen Transportation Equipment Co.

-In the fiscal year that ended in December 2020, the Company ranked third in China in terms of shipments of drive motors for new-energy vehicles, behind BYD and Tesla.

-The Company supplies drive motors for new-energy vehicles to China's new-energy vehicle manufacturers, including FAW-GM-Wuling, Geely Automobile, and Xiaopeng Motor. In addition, it has formed partnerships with FAW, Magna, and Yutong Motor Company to develop drive motors.

Shareholders

-Listed on the Shenzhen Stock Exchange (As of Dec. 31, 2020)
Major Shareholders Shareholding Ratio (%)
Zhang Min 10.14
Excellence Automobile Co., Ltd. 8.53
Zhuo Bin 5.85
Zhongzhen Hanjiang Equipment Technology Co., Ltd. 2.29
Other shareholders 73.19
Total 100.00

Products

-Powertrains for green vehicles
-Motors
-Permanent magnet brushless motors
-Permanent magnet synchronous motors
-AC induction motors
-Switched reluctance motors
-EV motors
-Power steering pump motors
-Seat motors
 ・Seat front lift motors
 ・Seat rear lift motors
 ・Seat horizontal motors
-Wiper motors
-Vehicle cotrollers
-Motor controllers
-Steering valve controllers
-Electronic control units for diesel injection
-Electronic control units for gas engines
-Rear drive control units for exhausting
-AMT:Automatic manual transmissions
-Electronic steering pumps
-Electric motor drives for Green vehicles

History

1995 "Lishui Founder Electric Motor Manufacturing Co., Ltd." (former) was established.
Dec. 2001 Changed name to "Zhejiang Founder Motor Co., Ltd."
Dec. 2007 Listed on the Shenzhen Stock Exchange.
2009 Set up the New energy Motor Division.
Dec. 2009 Established subsidiary "Lishui Zhengde Electric Control System Manufacturing Co.,Ltd."
2011 Established subsidiary "Founder Motor (Vietem) Co.Ltd."
Nov. 2014 Accquried 100% shares of "Shenzhen Gold Corolla Electronics Co.Ltd."
Nov. 2014 Accquried 57.9% shares of "Hubei Qianchao Automotive Components Co.Ltd." from Wanxiang Qianchao.
Dec. 2014 Accquried 42.1% shares of "Hubei Qianchao Automotive Components Co.Ltd". "Hubei Qianchao Automotive Components Co.Ltd." has become an entirely owned subsidiary.
Jun. 2015 Accquried 100% shares of "Shanghai High Energy Auto Electronic Co.,Ltd." and "Hangzhou Dewos Electric Technology Co.Ltd."
Jun. 2015 Subsidiary "Hubei Qianchao Automotive Components Co.Ltd." changed name to "Zhejiang Founder (Hubei) Auto Parts Co., Ltd."
Dec. 2018 The Company signed an agreement with Yanfeng Adient Seating Co., Ltd. to set up a joint venture named Yanfeng Adient Fundamental Motor Co., Ltd. in the city of Lishui, Zhejiang Province.
Apr. 2019 The Company merged a wholly-owned subsidiary, Hangzhou Dewos Electric Technology Co. Ltd.
Jun. 2019 Mr. Min Zhang, a controlling shareholder of the Company transferred his 15.84% stake to Excellence Automobile Co., Ltd.
Jul. 2019 The Company transferred all the shares in its wholly owned subsidiary Founder Motor (Vietnam) Co.Ltd. to its subsidiary Shanghai High Energy Auto Electronic Co., Ltd.
Jul. 2019 The Company decided to let its subsidiary Shanghai High Energy Auto Electronic Co., Ltd. establish the Fundamental Motor (Vietnam) Co.Ltd. in the city of Ho Chi Minh, Vietnam.
Oct. 2019 The Company established a wholly-owned subsidiary named Yicheng Founder Hi-tech Co., Ltd.
Jun. 2020

Established GCE (Vietnam) Electronics Co., Ltd. in Longjiang Industrial Park, Vietnam.

Jul. 2020

Established Zhejiang Deqingfang Deqi Drive System Co.

Sep. 2020

Established Lishui Fangde Wisdom Applied Technology Research Institute Co.

Jun. 2021

Established Shanghai Rayon New Composite Materials Co.

Supplemental Information 1