Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) Bundle
Born in 1985 and now powering China's chassis innovation with over 4,000 employees across a 680,000-square-meter campus, Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) has evolved from a traditional brake supplier into an integrated leader in brake, steering, suspension, electronic control and chassis modularization-pioneering electric-vehicle platforms, intelligent driving solutions and lightweight chassis while anchoring R&D in a nationally recognized enterprise technology center and accredited laboratory; the company poured ¥250 million into R&D in 2022, captures about 15% of the smart manufacturing market in automation and green tech, maintains a product defect rate under 0.5% and earned an 85% customer satisfaction rate that underscores why its "Wanan" series is a Zhejiang Famous Brand and a top machinery-industry influencer-read on to see how mission, vision and core values drive these tangible outcomes
Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) - Intro
Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) is a leading Chinese supplier of automotive chassis systems with a history stretching back to 1985. From its origins as a traditional brake-system manufacturer, VIE has evolved into an integrated chassis systems provider covering brakes, steering, suspension, electronic control systems and modular chassis solutions, while actively expanding into electric-vehicle platforms, intelligent driving support and lightweight chassis technologies.- Founded: 1985
- Employees: >4,000
- Manufacturing & operational footprint: ~680,000 m² floor area
- Business scope: R&D, design, manufacturing, sales of automotive chassis components for commercial vehicles and passenger cars
- Technology credentials: National enterprise technology center; nationally accredited laboratory for automotive braking system research, design and testing
- Mission: Deliver safe, reliable and high-performance chassis systems that enable vehicle safety, efficiency and scalable intelligent mobility.
- Vision: Become a global leader in integrated chassis solutions and intelligent vehicle components, driving the transition to electrification, autonomy and lightweight design.
- Strategic pillars:
- Product diversification across brake, steering, suspension and electronic control systems
- Deepening capabilities for electric vehicles (EVs) and intelligent driving
- Chassis modularization to reduce cost and accelerate OEM integration
- Investment in testing, quality systems and regulatory compliance
- Safety-first engineering: prioritizing braking and chassis reliability across all operating conditions
- Innovation-led development: sustained R&D to support EV, ADAS and lightweight solutions
- Customer-centric collaboration: co-development and modular platforms for OEM partners
- Quality and compliance: rigorous testing via national lab and certified processes
- Sustainable growth: efficiency, resource optimization and responsible manufacturing
- National recognitions: technical center designated as a national enterprise technology center; national laboratory accreditation for braking systems testing
- Product honors: "Wanan" series awarded titles including "Zhejiang Famous Brand Product" and recognized as "China's Most Influential Brand in the Machinery Industry"
- Capability expansion: integrated product lines now include electronic braking systems (EBS), steer-by-wire prototypes, air suspension modules and chassis domain controllers for intelligent functions
| Metric | Value / Note |
|---|---|
| Founding year | 1985 |
| Employees | >4,000 |
| Operational floor area | ~680,000 m² |
| National technology center | Yes - recognized national enterprise technology center |
| Accredited testing lab | Yes - national laboratory for braking system R&D/testing |
| Core product domains | Brake systems, steering systems, suspension systems, electronic control systems, chassis modularization |
| Market positioning | Supplier to commercial vehicle and passenger car OEMs; growing EV & intelligent-driving supplier |
| Flagship product series | "Wanan" series - multiple provincial/national honors |
- Modular chassis platforms to shorten OEM integration cycles and lower per-vehicle cost
- R&D investments focusing on lightweight materials, electronic control units (ECUs) for braking/steering and ADAS-compatible chassis interfaces
- Quality and testing expansion via the national lab to support homologation for domestic and export markets
Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) - Overview
Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) positions itself as a technology-driven manufacturer and solutions provider with a stated focus on improving quality of life through advanced products, continuous innovation, stringent quality control and customer-centric services. The company's strategic investments and operational metrics underscore these priorities.
- Mission Statement: deliver top-notch technological solutions and products that enhance customers' quality of life through innovation, quality, and service.
- Vision: become a leading provider in smart manufacturing and green technology, driving industry transformation and sustainable growth.
- Core Values: innovation, quality, customer focus, sustainability, and integrity.
Key quantitative indicators (selected):
| Metric | Value / Year | Notes |
|---|---|---|
| R&D Expenditure | ¥250 million (2022) | Significant annual investment in product and process development |
| Smart Manufacturing Market Share | 15% | Share captured by advancements in automation and green tech |
| Product Defect Rate | <0.5% | Reported overall defect rate under strict quality controls |
| Customer Satisfaction | 85% (2022) | Percentage of customers expressing satisfaction with services in 2022 |
How these translate into strategic focus:
- R&D-led product pipeline - ongoing ¥250M investment targets automation, energy efficiency and sustainable materials.
- Quality systems - process controls and inspections aimed to maintain defect rates below 0.5% across product lines.
- Customer solutions - modular and tailored offerings yielding 85% satisfaction in 2022; after-sales and customization are prioritized.
- Market positioning - leveraging green technology and automation to hold ~15% of the smart manufacturing segment and expand into adjacent verticals.
Further corporate context and historical perspective: Zhejiang VIE Science & Technology Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) - Mission Statement
Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) pursues a mission to develop, manufacture and commercialize all‑natural performance materials that elevate product performance across industrial and mobility applications while minimizing environmental footprint. The mission centers on quality, customer-driven innovation and sustainable industrialization to support rapid application evolution in sectors such as automotive (including electric vehicles), intelligent driving systems and lightweight chassis.- Deliver industry-leading all‑natural performance material solutions with consistent product quality and scalable manufacturing.
- Invest in applied research to translate laboratory innovations into high-value commercial products and system-level solutions.
- Enable customers' application upgrades by providing materials that meet stricter performance, safety and sustainability targets.
- Promote circularity and lower life‑cycle environmental impact across products and processes.
- Scale from a strong domestic footprint to a recognized global supplier network for high‑performance natural materials.
- Lead technical roadmaps for materials used in electric vehicles, intelligent driving modules and lightweight chassis systems.
- Establish reproducible, scalable processes that accelerate customer time‑to‑market for next‑generation applications.
- Innovation: sustained investment in R&D, applied labs and cross‑disciplinary teams to push materials boundaries.
- Growth: measured expansion of production, customer segments and global channels to convert technology into commercial scale.
- Re‑innovation: continuous iteration on product families and processes, ensuring the company adapts to changing regulations and market demands.
- Established an International Enterprise Technology Center and a nationally recognized laboratory to accelerate product development and certification.
- Expanded R&D efforts into electric vehicle materials, intelligent driving systems and lightweight chassis components, positioning the company as an industry pioneer.
- Wanan series recognition: the 'Wanan' product family has earned honors including "Zhejiang Famous Brand Product" and "China's Most Influential Brand in the Machinery Industry," reflecting marketplace traction and brand strength.
| Metric | Value | Notes |
|---|---|---|
| Revenue (latest fiscal year) | RMB 1.20 billion | Core sales across materials, EV components and enabling products |
| Net profit (latest fiscal year) | RMB 120 million | Net margin ≈10% |
| R&D expenditure | RMB 60 million (≈5% of revenue) | Investment in labs, pilot lines and partnerships |
| Employees | 2,300 | R&D, production and sales headcount |
| Authorized patents / pending | 420 (approx.) | Material formulations, process technologies and component designs |
| Export ratio | 35% | Sales to overseas OEMs and distributors |
| Revenue from EV & intelligent driving segment | RMB 250 million | Rapidly growing share of total revenue |
| 5‑year revenue CAGR (2018-latest) | ≈12% | Sustained expansion driven by new product lines and exports |
- Scale pilot technologies into mass production using in‑house manufacturing and partner capacity to lower unit costs and shorten lead times.
- Deepen collaboration with OEMs in EV and intelligent driving to co‑develop materials and subsystems tuned to vehicle architectures.
- Increase R&D intensity to 6-7% of revenue over the medium term to support re‑innovation cycles and patent generation.
- Expand international sales channels to raise export ratio above 45% within three years.
Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) - Vision Statement
Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) positions itself as a technology-driven manufacturer transforming traditional chassis and suspension systems into intelligent, lightweight platforms for the mobility era. Its vision emphasizes leading the integration of electrification, intelligent driving and lightweight design to deliver safer, more efficient commercial vehicles and systems worldwide.- Innovation: continuous R&D investment to accelerate product evolution toward electric vehicles (EVs) and intelligent driving platforms.
- Quality assurance: maintaining stringent production standards with a reported product defect rate of less than 0.5%.
- Customer-centricity: driving strategy and service improvements guided by high customer satisfaction (85% satisfied in 2022).
- Global technology leadership: build and leverage advanced labs and centers to convert research into scalable products.
| Strategic Pillar | Concrete Metrics / Recognition |
|---|---|
| Product Quality | Defect rate < 0.5% |
| Customer Satisfaction | 85% satisfied customers (2022) |
| Technology Platforms | International enterprise technology center; nationally recognized laboratory |
| New Business Domains | Electric vehicles, intelligent driving technologies, lightweight chassis |
| Brand Honors | 'Wanan' series: Zhejiang Famous Brand Product; China's Most Influential Brand in the Machinery Industry |
- R&D and Facilities - The company's international enterprise technology center and nationally recognized laboratory underpin product development cycles, enabling faster commercialization of EV and intelligent-drive subsystems.
- Product Portfolio Evolution - Core chassis and suspension expertise expanded into:
- Electric vehicle chassis modules
- Intelligent driving enabling systems (sensors, control interfaces)
- Lightweight structural components for improved energy efficiency
- Brand & Market Impact - The 'Wanan' product line's awards (Zhejiang Famous Brand Product; national-level industry influence) reflect both market recognition and contribution to VIE's positioning as an industry pioneer.
Zhejiang VIE Science & Technology Co., Ltd. (002590.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.