Zhejiang Jingu Company Limited (002488.SZ) manufactures aluminum alloy wheels for passenger vehicles, commercial vehicles, and motorcycles. The company produces a range of wheel products including cast aluminum wheels, forged aluminum wheels, and flow-forming wheels under its Jingu brand; it also offers aftermarket wheels, OEM wheels for automakers, and customized wheel solutions for electric vehicles and high-performance cars. Operations span China, with exports to North America, Europe, Asia, and South America, serving major automakers and aftermarket distributors as its primary customers in the automotive parts industry. Founded in 1999 and headquartered in Lanxi, Zhejiang Province, China, the company maintains production facilities primarily in Zhejiang and has expanded capacity through recent investments.
In the last two years, Zhejiang Jingu has pursued strategic expansions including a major capacity upgrade at its Lanxi base to boost annual output of aluminum wheels to over 20 million units, supporting growing demand for new energy vehicle components. The company formed key partnerships with leading EV manufacturers such as BYD and NIO for specialized wheel supplies and completed a RMB 500 million funding round in 2024 to fund advanced forging technology adoption. Additionally, it launched new product lines for lightweight magnesium-aluminum hybrid wheels and acquired a minority stake in a supplier of wheel testing equipment to enhance quality control.