Zhongshan Broad-ocean Motor Co., Ltd.

Company Profile

■URL

http://www.broad-ocean.com

■Address

No.22, Heli Road, Cuiheng New District, Zhongshan City, Guangdong Province, China

Business Overview

-The company supplies powertrain systems for New Energy Vehicles as well as conventional motors, starters, and generators for automobiles. The company also manufactures home appliances.

-Business activities

  • Automotive Business Group (EVBG): Motors, controllers and powertrain systems for New Energy Vehicles, BSG (belt-driven starter generator) motor systems, starters and generators for automobiles and off-road machinery, and other products.
  • Hydrogen Fuel Cell Business Group (HFC): Hydrogen fuel cell modules and core components, hydrogen fuel cell control systems, and hydrogen energy engine integration systems.
  • Building and Home Appliances Motor Business Group: (BHM): Home appliances, and other products.


-The company launched its New Energy Vehicle powertrain system business in 2009, its automotive motor starter and generator business in 2011, its New Energy Vehicle operating platform business in 2015, and its hydrogen fuel cell business in 2016.

-The company has an annual production capacity of 6 million alternators and starters, 500,000  powertrain sets for New eEergy Vehicles, and 3,000 sets of hydrogen fuel cell systems.

-In January 2018, the company consolidated its four subsidiaries, Shanghai Edrive Co., Ltd., Beijing Prestolite Electric Co., Ltd., Wuhu Generator Automotive Electrical Systems Co., Ltd. and Broad-Ocean EV Motor New Energy Co., Ltd., and also their subsidiaries to form its Automotive Business Group (EVBG).

-The company established R&D centers in Zhongshan, Beijing, Shanghai, Shenzhen, Wuhu, Wuhan, Detroit and other cities.

Shareholders

Listed on Shenzhen Stock Exchange (as of Dec. 31, 2020)
Shareholders Shareholding(%)
Chuping Lu (Chairman) 27.10
Others 72.90
Total 100.00

Products

Powertrain systems for New Energy Vehicles
-Drive motor systems for New Energy Vehicles
-Controllers for New Energy Vehicles
-BSG (belt-driven starter generator) motors for energy efficient vehicles
-Hydrogen fuel cells

Automotive motors
-Starters
-Generators
-Start/stop motors

Hydrogen fuel cell system
-Hydrogen fuel cell engine core components
-Hydrogen fuel cell engine
-Hydrogen fuel cell controller
-Hydrogen fuel cell powertrain system

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).

Supplemental Information 1