- Business
- Zhejiang Jinfei Kaida Wheel Co., Ltd. (002863.SZ) manufactures aluminum alloy wheels for automobiles, motorcycles, and electric bicycles; offers intermediate alloys and aluminum alloy profiles; and provides cast and forged wheels including coating, bright silver, bright black, vacuum evaporation, electroplating, and hardcover variants ranging from 8 to 26 inches, as well as high-end products such as racing, milling, two-piece, and three-piece wheels. The company, founded in 2005 as a sino-foreign joint venture under Zhejiang Jinfei Machinery Group Co., Ltd. and headquartered in Jinhua, Zhejiang Province, China, operates four plants domestically and exports to markets including the United States, Europe, Japan, Southeast Asia, the Middle East, and Australia, serving automakers such as FAW-Volkswagen, Geely, Chery, SAIC-GM-Wuling, Changan, Great Wall Motor, Beijing Benz, and international clients. It maintains annual production capacity of 5.5 million cast aluminum alloy wheels, 0.3 million forged alloy wheels, and 500 molds, supported by advanced CAD/CAM/CAE design, ISO/TS 16949 quality management, and a provincial R&D center with postdoctoral workstation. In recent developments, the company advances a RMB 557.18 million expansion of its Thailand facility in Rayong's CPGC Industrial Park, targeting 2 million new energy vehicle wheels annually by Q4 2025 using a digital "future factory" model to meet demand from Chinese brands like Changan, Great Wall, and BYD in Southeast Asia; reports 2024 revenue growth to RMB 3.29 billion in aluminum alloy wheels plus new segments in extrusion profiles and other businesses; and notes shareholding increases by Jinfei Holdings (1.94% as of March 2025) amid stable operations with total assets over RMB 7 billion.