- CEO
- Yong Ting Gu
- Full Time Employees
- 3,771
- Sector
- Producer manufacturing
- Industry
- Auto parts: OEM
- Address
- No. 3999, Binhong West Road Jinhua ZJ China 321000
- IPO Date
- Jun 1, 2010
- Business
- Zhejiang Wanliyang Co., Ltd. (002434.SZ) engages in the research, development, production, and sale of automotive transmissions and transmission/drive system products for passenger cars, commercial vehicles, and new energy vehicles. The company offers a comprehensive portfolio including passenger vehicle transmissions such as 5MT, 6MT, CVT, and AT models; commercial vehicle transmissions for logistics trucks, heavy-duty dumpers, buses, and municipal vehicles; new energy drive systems encompassing pure electric vehicle (EV) reducers, three-in-one and all-in-one electric drive systems, ECVT electric drive systems, passenger car DHT hybrid systems, commercial vehicle hybrid systems, and off-road transmission/drive systems; as well as gear shafts, covers, and other precision auto parts. It supplies major OEMs including Geely, Chery, BYD, BAIC Foton, Dongfeng Motor, Sinotruk, FAW Group, JMC, Yutong Bus, and Hyundai Motor, with annual production capacities exceeding 1 million units for MT transmissions, 500,000 units for CVT, and 1 million units for commercial vehicle transmissions.
The company operates primarily in China through multiple production bases centered in Zhejiang Province, including facilities in Jinhua, Ningbo, and Wuhu in Anhui, serving domestic and international markets with cumulative exports reaching 1.5 million units for passenger transmissions. Founded in 2003 and headquartered at No. 3999 Binhong West Road, Jinhua City, Zhejiang Province, it employs over 5,000 people and maintains total assets nearing 11 billion yuan, positioning it as a leading enterprise in China's automotive transmission industry recognized for national high-tech status and technological innovation.
Recent developments include the 2022 completion of a 51% stake acquisition in subsidiary Zhejiang Wanliyang Energy Technology Co., Ltd. to bolster new energy capabilities; subsidiary capital increases in 2025 introducing management team ownership for enhanced governance; active R&D and customer expansion into robotics products such as motors, harmonic drives, planetary gear reducers, and joint modules; and the launch of the EC40A coaxial reducer with cooperation agreements secured among Chinese customers. In 2025, the company reported positioning its harmonic drive and planetary gear reducer products for humanoid robot applications while advancing smart factory initiatives, including recognition as a Zhejiang Province advanced smart factory. These efforts underscore strategic expansions into new energy vehicles, electrification, and emerging sectors like robotics amid robust first-half performance growth exceeding 50%.