- Business
- Hengli Industrial Development Group Co., Ltd. is a Chinese company specializing in the research, development, manufacturing, and sale of automobile air conditioning equipment, including air conditioning compressors, condensers, evaporators, and other related components. The company serves various vehicle segments such as cars, trucks, engineering vehicles, and special vehicles. Additionally, Hengli Industrial operates within the broader Hengli Group, which is active in petrochemicals, polyester new materials, textiles, shipbuilding, and heavy industry sectors. Founded in 1994 and headquartered in China, Hengli Industrial Development Group integrates advanced manufacturing technologies and extensive product offerings within the automotive HVAC sector.
In recent strategic developments, Hengli Industrial Development Group was delisted from the Shenzhen Stock Exchange on July 16, 2025, as part of a corporate restructure to streamline its operations and align with the broader Hengli Group's integrated industrial strategy. The company has expanded its manufacturing capabilities with new facilities, including a manufacturing plant launched in the WHA Eastern Seaboard Industrial Estate 3, to enhance production capacity and service offerings. Hengli Industrial also focuses on innovation in product development for construction equipment and special-purpose vehicles, securing strategic partnerships to improve market reach and technological advancement in automotive air conditioning solutions.
Hengli Industrial Development operates primarily in China but benefits from its parent group's international footprint, as Hengli Group has significant operations in oil refining, petrochemicals, polyester fibers, shipbuilding, and industrial machinery across Asia and globally. The company targets automotive OEMs and aftermarket segments, leveraging Hengli Group’s extensive industrial ecosystem to maintain competitive advantage through integrated supply chain and technological innovation. Its core product portfolio encompasses HVAC compressors, evaporators, condensers, and related air conditioning components tailored to diverse vehicle applications.
Hengli Industrial’s recent major changes include the corporate delisting and restructuring to enhance operational focus, strategic land acquisition for facility expansion, and ongoing partnerships that align with Hengli Group's aim to strengthen its industrial capabilities across construction equipment, heavy machinery, and automotive components. These moves form part of the broader Hengli Group’s strategy to sustain growth through vertical integration, technological innovation, and geographic expansion in evolving industrial markets.