- Business
- Zhejiang Wanfeng Auto Wheel Co., Ltd. manufactures and sells lightweight automotive metal parts and general aviation aircraft, with a dual-engine growth strategy encompassing aluminum alloy wheels, magnesium alloy components, high-strength steel parts, and Diamond-brand aircraft. The company produces aluminum alloy auto wheels under the ZCW brand with an annual capacity of 18 million units across facilities in China's Zhejiang, Shandong, Jilin, and Chongqing provinces; aluminum alloy motorcycle wheels through subsidiary Zhejiang Wanfeng Motorcycle Wheel Co., Ltd., founded in 1994, with over 22 million units annual capacity at bases in China's Guangdong province and Bawer, India, capturing about one-third of the global market; magnesium alloy auto parts including cross car beams, front-end structures, seat brackets, lift gate closures, and transmission cases, positioning it as the world's largest supplier with applications expanding into 5G and 3C sectors for customers such as Porsche, Audi, Mercedes-Benz, BMW, Volvo, Land Rover, Toyota, Honda, Ford, GM, Fiat, and Chrysler; steel stamping parts; and environmentally friendly coatings for automobiles, wind power, subways, aerospace, appliances, and infrastructure, with 28 lines and 70,000 tons annual capacity at bases in Shanghai, Ningbo, and Jiaxing, commanding 40% of China's market. It operates manufacturing and R&D bases in 10 countries and regions worldwide, exports to over 30 countries including the United States, Japan, Germany, France, Russia, South Korea, Brazil, and India, and serves major OEMs alongside aftermarket channels. Founded in 2001 and headquartered in Xinchang, Zhejiang province, China, the company listed on the Shenzhen Stock Exchange main board in 2006 as the first in its peer group and employs over 10,000 people across its auto parts and aviation segments. In March 2025, its subsidiary Wanfeng Aviation Industry Co., Ltd., through German entity Heptus 591 GmbH, completed the acquisition of insolvent eVTOL developer Volocopter GmbH's tangible assets, intellectual property, and select contracts for 10 million euros to bolster low-altitude economy capabilities, following its prior 2017 purchase of Diamond Aircraft; the company plans Volocopter 2X TC certification in 2025-2026 while advancing other eVTOL models amid 2024 revenue of 16.3 billion yuan and initiatives to mitigate U.S.-China tariff impacts.