Zhongshan Broad-Ocean Motor Co., Ltd.
Company Profile
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Business Overview
-A major Chinese manufacturer of electric motors for construction and household use, the company produces automotive starters and generators as well as electric drive systems for New Energy Vehicles.
-Composed of the following two business divisions.
- BHM Division: appliances for construction and consumer use.
- Vehicle Business Group (EVBG): Automotive components. Major products include starter motors and generators for gasoline vehicles, powertrain systems for New Energy Vehicles, components for fuel cell engines, and hydrogen fuel cell engines and powertrain systems.
The annual production capacity of the company's products is as follows:
- Motors for construction and home appliances: 80 million units
- Starters and generators for automobiles: 6 million units
- Powertrain systems for new-energy vehicles: 500,000 units
- Fuel-cell systems: 3,000 units
- Powertrain systems for new-energy vehicles: 700,000 sets
-The Company’s brands include "Dayang Motor", "Prestolite", "Shanghai Edrive" and "Generator".
Shareholders
| Listed on Shenzhen Stock Exchange | (as of Dec. 31, 2022) |
| Shareholders | Shareholding ratio (%) |
| Chuping LU (Chairman) | 25.76 |
| Others | 74.24 |
| Total | 100 |
Products
New Energy Vehicle powertrain systems
-3-in-1 electric drive assemblies
-2-in-1 electric drive assemblies
-Medium voltage drive motors and controllers
-Dual planetary row hybrid powertrain systems
-Heteroshaft high-speed single reduction assembly systems
-High density motor controllers
-Hybrid integrated controllers
-Booster generator assembly systems
-Deep-coupled electric drive assemblies
-Integrated motor controllers for hybrid vehicles
Vehicle rotating devices
-Generators
-Starters
Hydrogen fuel cells
-Fuel cell all-in-one controllers
-High power fuel cell system and BOP
-High-speed centrifugal compressors
-DC/DC converters
-High pressure electronic pumps
-Hydrogen circulation systems
-Hydrogen fuel cell modules
-Water pumps
History
| Oct. 2000 | The company was established. |
| Jun. 2006 | The company was restructured into joint stock company.. |
| Jun. 2008 | The company was listed on Shenzhen Stock Exchange. |
| Jul. 2009 | The company signed agreements with Beijing Institute of Technology and Beiqi Foton Motor Co., Ltd., and started business in the NEV industry. |
| Dec. 2011 | The company acquired 57.50% of the shares of Wuhu Generator Automotive Electrical Systems Co., Ltd., and became its biggest shareholder. |
| Oct. 2013 | The company acquired 77.77% of the shares of Beijing Prestolite Electric Co., Ltd., and became its biggest shareholder. |
| Apr. 2015 | The company acquired 100.00% of the shares of Prestolite Electric LLC. |
| Jul. 2016 | The company acquired 9.9% of the shares of Ballard Power Systems, Inc., and became its biggest shareholder. |
| Jul. 2017 | The company set up a new company with Zhongtong Bus Holding Co., Ltd. and the Management Committee of Liaocheng Economic Development Zone. The new company was named Shandong Tongyang Hydrogenic Energy Power Technology Co., Ltd., in which Zhongshan Broad-ocean holds 88% of the shares. |
| Mar. 2018 | Jointly invested with Dongfeng Industrial Co.,Ltd. in the establishment of Dongfeng Industrial Brand-Ocean Electric Drive System Co., Ltd. The Company holds 60% of the total shares. |
| May. 2019 |
The Company sold its 50% stake in Beijing Prestolite E-Propulsion Systems Co., Ltd. (PEPS) to Dana Electric Holdings BVBA (DEH). |
| Nov. 2021 | The subsidiary, Shanghai Edrive Co., Ltd. set up Weifang Shangwei Edrive Technology Co., Ltd. |
