- Business
- Shanghai Xinpeng Industry Co., Ltd. (002328.SZ) develops, manufactures and sells metal electromechanical parts primarily for automotive, communication, data center and energy storage applications in China and internationally; its core products and services encompass precision stamping, sheet metal processing, progressive stamping, NC punching and bending, laser cutting, molds and tooling, miniature DC and AC motors, stampings, large cover parts for passenger cars, automated welding of subassemblies, small metal parts, coolant systems, CDU units, joints, solenoid valves, tanks, manifolds, immersion and cold plate types, server racks and chassis, battery casings and cabinets, plasma base plates, as well as OEM and CNC machined components provided through mold customization, R&D design and precision manufacturing. The company, founded in 1997 and headquartered in Qingpu District, Shanghai, operates manufacturing bases in Shanghai's Qingpu District and Lingang New Area, Suzhou, Ningbo, Changsha, Yangzhou in China, plus overseas facilities in Thailand, with subsidiaries in the US and Hong Kong serving multinational corporations across global markets. Recent developments include its Thai subsidiary's November 2025 agreement with Jabil Inc. to establish a US$15 million joint venture factory in Rayong, Thailand, for medium- to large-sized battery energy storage system enclosures, targeting mass production by 2027 and accelerating overseas expansion in energy storage components; a November 2025 memorandum of cooperation with Grundfos Pumps focusing on data center liquid cooling technology innovation, green energy-saving solutions and global market penetration; and an ongoing strategic alliance with Jabil since 2014, expanded for battery enclosure production.