- Business
- Weifu High-Technology Group Co., Ltd. researches, develops, produces and sells core automotive components primarily in China with exports to the Americas, Southeast Asia, the Middle East and other international markets. The company offers diesel and gasoline fuel injection systems including high-pressure oil pumps, oil rails, injectors and filters; exhaust aftertreatment systems comprising diesel particulate filters, gasoline and natural gas purifiers, mufflers and catalysts; air management systems such as diesel, gasoline and natural gas turbochargers; hydrogen energy and fuel cell components encompassing membrane electrodes, bipolar plates, catalysts, valves, pumps, air compressors, hydrogen storage bottles and related critical parts; new energy drive systems including electric drive, thermal management, cabin, braking, situational sensing and hydraulic core components; precision manufacturing products; and aftermarket services. Founded in 1958 and headquartered in Wuxi, Jiangsu Province, China, the group operates through 25 wholly-owned and holding subsidiaries, 12 joint ventures and associated companies, and employs over 7,400 people worldwide as a dual-listed A-share (000581.SZ) and B-share (200581.SZ) entity ranked among China's top 50 auto parts companies and top 100 valuable listed firms. Recent developments include a June 2024 strategic cooperation agreement with Voith to form two joint ventures for hydrogen storage systems, one majority-owned by Voith for global markets excluding China and the other by Weifu for the Chinese market, expected to complete by Q4 2024 pending approvals; ongoing collaboration with Bosch on hydrogen fuel cells since 2022, millimeter-wave radar for mass production in 2025, and full active suspension motor hydraulic pumps; and advancement of projects in humanoid robots, automotive seats and chassis domain components.