- CEO
- Liao Chen
- Full Time Employees
- 8,777
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- Wanxiang Road Hangzhou ZH China 311215
- IPO Date
- Jan 10, 1994
- Business
- Wanxiang Qianchao Co., Ltd. (000559.SZ) manufactures and sells automotive components, providing modularized, systematic solutions including universal joints, drive shafts, constant velocity drive shafts, wheel hub units, bearings, brakes, automotive electronics, transmission systems, braking systems, suspension systems, chassis modules, fuel tanks, and exhaust aftertreatment systems; it supplies Mercedes-Benz, BMW, Toyota, Volkswagen, General Motors, Ford, FAW, SAIC, GAC, and Sinotruk. Founded in 1969 and listed on the Shenzhen Stock Exchange in 1994, the company, a subsidiary of Wanxiang Group Corporation, is headquartered in Hangzhou, Zhejiang Province, China, with operations spanning China and international markets in over 30 countries including the United States, Mexico, Poland, Türkiye, Germany, Brazil, Canada, and the United Kingdom. In recent developments, Wanxiang Qianchao plans to acquire 100% of Wanxiang America Corporation (WAC), incorporating overseas assets such as Neapco Holdings, Wanxiang Automotive Components, and Wanxiang Automotive Components Europe focused on drivetrains and steering systems for global clients like Ford, BMW, and Stellantis; it has established robotics as its third strategic business unit after bearings and chassis systems, advancing core components including humanoid robot skeletal parts, joint bearings, ball screws, planetary roller screws, and reducers.