Zhejiang Vie Science & Technology Co., Ltd.

Company Profile

■URL

http://www.vie.com.cn/en/index_en.html

■Address

No. 3, Junlian Road, Industrial Zone, Diankou Town, Zhuji, Zhejiang 311835, China

Business Overview

-A privately owned automotive chassis supplier in China. The Company provides chassis control systems for passenger cars and commercial vehicles. The Company has many product lines such as chassis front / rear suspension systems, automotive electronic control systems, air brake systems, hydraulic brake systems, and clutch operating systems.

-In China, the Company has offices in Zhejiang, Beijing, Shanghai, Anhui, Changchun, Xi'an and Guangxi. Outside of China, it has sites in Hungary and other countries.

-Product category:

  Applications Products Customers
Commercial vehicle components Medium / heavy trucks, light trucks, light trucks, buses, etc. Air disc brakes, combination pedals, transmission shifters, air valves, brake chambers, clutch boosters, automatic adjustment arms, pneumatic ABS, EBS, AEBS, ESC, EPB, ECAS, XEPS, etc. -
Passenger car components Cars, MPVs, SUVs, light vehicles, pickups, etc. Hydraulic disc brakes, hydraulic EPB / EPBi, modularized chassis assemblies, aluminum alloy frame, vacuum booster, etc.

Changan Ford, FAW VW, FAW Toyota, BAIC, GAC, SAIC-GM-Wuling, Great Wall, Dongfeng Nissan, Dongfeng Sokon (DFSK), JAC, Cheery Automobile, BYD, etc.

New energy vehicle components

New energy vehicles

Electro-hydraulic brake system, wireless charging, in-wheel motor, electromechanical brake (EMB), electric compressor, electric vacuum pump, aluminum alloy chassis module, etc.

Ford China, Hongqi, BJEV, NIO, Xpeng, Li Auto, WM Motor, Human Horizons, Hozon, Leapmotor, etc.

Shareholders

-The Company is listed on the Shenzhen Stock Exchange (as of Dec. 31, 2020)
Shareholders Shareholder ratio
VIE Group 45.86%
Others 54.14%
Total 100.00%

Products

Passenger Car Products

Chassis Module
-Suspension assemblies
-Guide arm assemblies

Hydraulic Brake Products
-Hydraulic disc brakes
-Vacuum boosters
-Proportioning valves
-Brake master cylinders
-Hydraulic brake calipers

Clutch Operating Products
-Clutch master cylinders
-Clutch cylinders

New Energy Products
-Electric vacuum pumps
-Auxiliary electric vacuum pumps

Others
-Vacuum tubes
-Fuel pipes

Commercial Vehicle Products

Automotive Brake Products
-Pneumatic ABS
-ABS
-Electronic brake systems
-Electrical park brakes

Valve Products
-Combined pedals
-Air-cooled condensers
-Air dryers
-Unloading valves
-Four circuit protection valves
-Foot brake valves
-Manual valves
-Relay valves
-Quick release valves
-Pressure relief valves
-Drain valves
-Load sensing valves
-Leveling valves

Clutch Operating Products
-Clutch master cylinders
-Clutch boosters
-Air boosters

Axle Products
-Air disc brake valves
-Brake chambers
-Automatic slack adjusters

New Energy Vehicle Products
-Electronic hydraulic brake systems
-Wireless charging
-Wheel motors
-Electromechanical brake systems
-Electric air compressors
-Electric vacuum pumps
-Aluminum alloy chassis modules

History

1985 Wanan Group's parts sector, the Company's predecessor was established.
Jul. 2003 Shanghai Wanjie Auto Controlling System Co., Ltd.,the Company's subsidiary, was established.
2004 Anhui Vie Auto Parts Co., Ltd., the Company's subsidiary, was established.
Oct. 2006 Beijing Gold Vie Automotive Electronics R & D Co., Ltd.,the Company's subsidiary, was established.
May 2007 Zhejiang Zhuji Wanbao Machine Co., Ltd., the Company's subsidiary, was established.
Dec. 2007 Wanan Group restructured, thus, "Zhejiang VIE Science & Technology Co., Ltd." was established.
Oct. 2008 The Company's technology center has been designated as a nationally accredited technical center.
Jun. 2009 Anhui Shenglong Casting Co., Ltd., the Company's subsidiary, was established.
Aug. 2009 Anhui Vie Auto Parts Co., Ltd., the Company's subsidiary, started Phase II project.
Jan. 2010 "Nanjing University of Science and Technology - Vie Automobile Chassis Parts Joint Institute" opened in Nanjing.
Mar. 2010 Anhui Shenglong Casting Co., Ltd., the Company's subsidiary, started Phase II project.
May 2010 Anhui Vie Auto Parts Co., Ltd., the Company's subsidiary, started Phase Ⅲ project, newly added 15,000 square meters plant to establish production line with capacity of 150,000 sets of suspension system production line.
Jun. 2011 Listed on Shenzhen Stock Exchange.
Jan. 2012 Shannxi Vie Automotive Parts Co., Ltd., the Company's subsidiary, was established.
Aug. 2013 Zhejiang Bosheng Automotive Parts Co., Ltd., the Company's subsidiary, was established.
Apr. 2015 The Company established Fawer VIE Control System (Changchun) Co., Ltd. with Fawer Automotive Parts Limited Company in Changchun, Jilin Province.
Jun. 2015 Anhui Vie Auto Parts Co., Ltd., subsidiary of the Company, established a new subsidiary in Liuzhou, Guangxi. The new company is called Guangxi Vie Automotive Chassis Systems Co., Ltd.
May 2016 The Company established Haldex VIE (Shanghai) ElectroMechanical Brake Systems Co., Ltd. with Haldex Brake Products AB.
The Company acquired 100% shares of Zhejiang Vie Pump-Manu Co., Ltd.
The Company built a new R&D Center in Beijing. The center will develop and commercialize in steps advanced driving assistance systems, semi autonomous drive systems, and fully autonomous drive systems.
Jun. 2016 The Company acquired 10.36% of Protean shares for USD 20 million.
Jul. 2016 The Company establish Zhejiang Vie Zhiqu Science & Technology Co., Ltd. in Zhuji, Zhejiang with Protean Electric Limited.
The Company's shares of Evatran increased from 11.72% to 16.14%.
The Company established Zhejiang Vie Evatran Electronic Technologies Co., Ltd. with Evatran Group.
Apr. 2017 The Company opened a lab for making a study on new connected car standards.
Jul. 2017 The Company cooperated with Shaanxi Huazhen.
Oct. 2018 The Company established "VIE Technology (Europe) Kft." in Budapest, Hungary.
Apr. 2019 The Company and Qingdao Haitong Brake Co., Ltd. jointly established the Qingdao Haitong Vie Auto Parts Co., Ltd.
Apr. 2019 The Company merged its subsidiary Zhuji Vie Machinery Co., Ltd.
Jun. 2019 The Company acquired 25% shares in Zhejiang Vie Evatran Electronic Technologies Co., Ltd. from Evatran Group, Inc., making Vie Evatran its wholly owned subsidiary.
Jul. 2020 The wholly owned subsidiary Zhejiang Vie Evatran Electronic Technologies Co., Ltd. was renamed Shanghai Wanji Electronic Technology Co., Ltd.

Supplemental Information 1