- Business
- Wuling Motors Holdings Limited Wuling Motors Holdings Limited (0305.HK) is an investment holding company principally engaged in the manufacturing and trading of automotive components, engines, power supply systems, and specialized vehicles in the People's Republic of China. The company operates through segments including Vehicles’ Power Supply Systems; Automotive Components and Other Industrial Services; Commercial Vehicles Assembly; and Others, offering a comprehensive range of products such as gasoline and new energy engines for passenger cars, commercial vehicles, and new energy vehicles; chassis components including gear, rear torsion beam, independent suspension assembly, rear axle final drive, and coaxial powertrain; interior and exterior decoration products like front and rear seats, door trim, cockpit assembly, and bumper assemblies; stamping and welding modules comprising roof panels, engine hoods, side door panels, and cargo compartment assemblies; electronic and electrical systems such as combination switches, electric seat switches, new energy electric compressors, and AC charging piles; as well as specialized vehicles encompassing new energy logistics vehicles, modified vehicles, non-road vehicles, mini electric cars, people movers, trucks, and buses; autonomous driving technologies including motor controllers, body controllers, parking systems, electronic steering, and service brake systems; and additional services like steel trading, water supply, and power supply. Incorporated in 1992 and headquartered in Central, Hong Kong, Wuling Motors Holdings Limited is a subsidiary of Wuling (Hong Kong) Holdings Limited and inherits nearly a century of manufacturing experience from its controlling shareholder, Guangxi Automotive Group Co., Ltd., with production bases in Liuzhou, Qingdao, Chongqing, Jingmen, Nanning, Indonesia, and India, serving over 40 automobile manufacturers, more than 10 million terminal clients, and over 1 million vehicle users primarily in China and select international markets as a national high-tech enterprise ranked among China's Top 100 Automotive Supply Chain Enterprises. In recent developments, the company reported a 115.6% surge in net profit attributable to shareholders for 2024, driven by higher-margin product sales, government subsidies, and strong growth in its automotive components division; expanded externally beyond key customer SAIC-GM-Wuling by securing supply contracts for new models from Great Wall Motor, BYD, JAC, Geely Farizon, Chery Commercial Vehicles, Xpeng Motors, and Leapmotor, with its Jingmen base achieving over 100% year-on-year revenue growth to approximately 729 million yuan; increased R&D investment to advance new energy business, including second ultra-high-strength steel tube thermoforming production line; pursued overseas projects such as LJ481Q6 engine for JAC M4 exports to Gulf countries, CLT flexible fuel hybrid, and Wuling Technology MSR; and aligns with parent Guangxi Automobile Group's “LINXYS Project” and “131 Strategy” launched as a 2025-2027 initiative to accelerate scientific research application, product portfolio enhancement, quality improvement, and domestic and overseas market expansion for more valuable, environmentally friendly products.