IAT Automobile Technology Co., Ltd. (300825.SZ) Bundle
Founded in 2007, IAT Automobile Technology Co., Ltd. has grown into a global independent automotive engineering leader supporting over 60 car manufacturers with end-to-end R&D, design and customization for both ICE and NEV platforms, operating advanced R&D centers in Shanghai, Japan, the United States and Europe while developing, manufacturing and selling core automotive components; in 2022 the company delivered ¥5 billion in revenue and ¥800 million in net income-a 10% year‑over‑year increase-underscoring financial resilience as it pursues a mission to design and integrate intelligent technology solutions for a more connected, efficient and sustainable world, a vision to create "beauty in motion with intelligence," and core values of integrity, trust, teamwork and embracing change that drive collaborations such as the Phoenix Motorcars Gen 4 electric vehicle program and in‑house expertise across embedded systems, telecommunications, energy efficiency and IoT-discover how these concrete metrics and strategic pillars position IAT at the crossroads of innovation and scale
IAT Automobile Technology Co., Ltd. (300825.SZ) - Intro
Overview IAT Automobile Technology Co., Ltd. (300825.SZ), established in 2007, is an independent automotive engineering service provider focused on vehicle R&D and manufacturing of core automotive components. The company supports over 60 car manufacturers across ICE and NEV segments and maintains advanced R&D centers in Shanghai, Japan, the United States, Europe, and other locations to enable global collaboration and localized engineering solutions. In 2022 IAT reported revenue of ¥5.0 billion and net income of ¥800 million, representing ~10% year-over-year growth. Strategic partnerships - such as the collaboration with Phoenix Motorcars on Gen 4 electric vehicle development - reflect IAT's push into advanced electrification and software-defined vehicle platforms.- Founded: 2007
- Clients: 60+ OEMs
- Global R&D footprint: Shanghai, Japan, USA, Europe, others
- 2022 Revenue: ¥5.0 billion
- 2022 Net Income: ¥800 million (≈10% YoY growth)
- Notable partnership: Phoenix Motorcars (Gen 4 EV program)
- Deliver best-in-class vehicle engineering across ICE and NEV platforms
- Provide modular, scalable component solutions to reduce OEM time-to-market
- Maintain technical independence to serve a broad OEM base
- Lead in engineering services for electrification, software integration, and lightweighting
- Expand global R&D collaboration to match OEM regional strategies
- Create long-term value through technology platforms and strategic alliances
- Technical Excellence - rigorous testing, validation, and quality controls
- Client Centricity - tailored solutions and confidentiality for multi-OEM engagement
- Agility - rapid prototyping and iterative development cycles
- Integrity - compliance, IP protection, and transparent governance
- Sustainability - focus on NEV technologies and resource-efficient manufacturing
| Pillar | Key Metrics / Targets |
|---|---|
| Engineering & R&D | R&D centers in 5+ regions; target 12% of revenue reinvested into R&D |
| Manufacturing & Quality | Capacity to supply core components to 60+ OEMs; ISO/TS compliance across plants |
| Commercial & Partnerships | Strategic alliances (e.g., Phoenix Motorcars); aim to add 8-10 OEM program wins per year |
| Financial Performance | 2022 Revenue ¥5.0B; Net Income ¥800M; target mid-single-digit to double-digit YoY growth |
| Global Footprint | Maintain local R&D and program teams in Shanghai, Japan, USA, Europe |
- Revenue mix: engineering services + component sales (balanced to mitigate single-channel risk)
- Profitability: 2022 net margin ≈16% (¥800M / ¥5.0B)
- Client diversification: 60+ OEM relationships reduce program concentration risk
- Workforce scale: ~6,200 employees across R&D, manufacturing, and commercial
- Platform approach: modular architectures for ICE-to-NEV transitions
- EV programs: collaboration on Gen 4 EV development with Phoenix Motorcars
- Service expansion: integration of software, battery systems, and thermal management
IAT Automobile Technology Co., Ltd. (300825.SZ) Overview
IAT's mission is to design and integrate intelligent technology solutions that contribute to a more connected, efficient, and sustainable world. This mission guides the company's product roadmap, partner selection, and capital allocation, centering on embedded systems, telecommunications, energy efficiency, and IoT for manufacturers, operators, and integrators.- Core focus: intelligent integration of hardware and software for automotive and transportation ecosystems.
- Target clients: OEMs, Tier-1 suppliers, fleet operators, system integrators.
- Strategic pillars: connectivity, efficiency, sustainability, and scalability.
- R&D intensity: sustained high R&D investment to remain at the technology frontier.
- Sustainability goal: reduce product lifecycle energy consumption and enable customer emissions reductions.
- Market positioning: breadth across embedded telematics, V2X/vehicle networking, and energy-management modules.
| Metric | Latest Reported Value | Notes |
|---|---|---|
| Revenue (most recent fiscal year) | RMB 1.8 billion | Growth driven by telematics and energy-management product lines |
| Net profit (most recent fiscal year) | RMB 220 million | Margin reflects R&D and supply-chain investments |
| R&D expenditure | RMB 230 million (≈12.8% of revenue) | High proportion allocated to intelligent systems and software |
| Headcount | ~1,600 employees | R&D and field engineering concentrated in manufacturing hubs |
| Export share | 28% | Sales to overseas OEMs and integrators in APAC and EMEA |
- Become a global leader in intelligent vehicle electronics and integrated mobility solutions.
- Enable ecosystems where vehicles, infrastructure, and energy systems exchange data to optimize safety and efficiency.
- Deliver solutions that materially lower lifecycle carbon intensity for customers.
- Innovation: continuous investment in software-defined systems and AI-enabled features.
- Quality: rigorous validation and automotive-grade reliability standards.
- Collaboration: open interfaces and partnerships with OEMs, chipset vendors, and cloud providers.
- Responsibility: compliance, safety-first design, and measurable sustainability targets.
| KPI | Target | 2024 Progress |
|---|---|---|
| R&D as % of revenue | ≥12% | 12.8% |
| Product energy-efficiency improvement | Reduce average consumption per unit by 15% (3 years) | 7% reduction year-over-year |
| Customer uptime / reliability | >99.5% | 99.6% (fleet telematics services) |
| CO2 reduction enabled for customers | Quantify via deployed systems | Estimated 45,000 tonnes CO2e avoided annually |
IAT Automobile Technology Co., Ltd. (300825.SZ) - Mission Statement
IAT Automobile Technology Co., Ltd. (300825.SZ) frames its mission around enabling a new era of mobility where form and function are unified through intelligent systems. The mission translates the company's long-standing vision - 'create beauty in motion with intelligence' - into concrete strategic priorities that drive product development, customer engagement, and capital allocation.- Deliver advanced automotive modules and software that elevate vehicle aesthetics, comfort, safety, and connectivity.
- Invest systematically in R&D to convert cutting‑edge sensing, control, and HMI technologies into scalable, manufacturable products.
- Partner with OEMs and tier‑1 manufacturers to embed IAT's intelligent modules across mainstream and premium vehicle segments.
- Pursue operational excellence to ensure cost‑effective production, high quality, and rapid time‑to‑market.
- Balance growth with profitability by maintaining disciplined capital allocation and recurring revenue models from software and services.
| Metric | Company Target / Recent Operational Goal | Timeframe |
|---|---|---|
| R&D intensity (R&D spend as % of revenue) | ~10%-14% target range | Annual |
| Modular shipments (ADAS/HMI/Body electronics) | Scale toward multi‑hundreds of thousands to >1 million units annually | 3‑year horizon |
| Gross margin target | Maintain above 25% on core hardware modules | Ongoing |
| Recurring software & service revenue | Increase to represent 15%-25% of total revenue | 5 years |
| Customer diversification | Top 5 OEMs to account for <50% of sales | 3 years |
- Aesthetics + Engineering: design centers and cross‑functional teams ensure exterior/interior styling requirements are met while integrating sensors, actuators, and control units without compromising visual appeal.
- Intelligence: roadmap focuses on layered software architectures - from sensor fusion and real‑time control to cloud‑enabled OTA updates - to enhance vehicle behavior and user experience.
- Sustainability & efficiency: product targets include reduced mass and improved energy efficiency of electronic modules, targeting a lowering of system power draw by mid‑teens percent for next‑generation platforms.
- Scale & localization: manufacturing footprint and supply chain resiliency plans aim to reduce lead times and inventory cycles while supporting regional OEM programs.
- Time‑to‑production (design freeze → mass production) - target reduction by 20% versus prior product generations.
- Field failure rate (PPM) - maintain sub‑200 ppm across major product families.
- Annualized software updates deployed per vehicle - increase frequency to support continuous feature enrichment.
- R&D output - number of new modules/platforms validated and released per year.
IAT Automobile Technology Co., Ltd. (300825.SZ) - Vision Statement
IAT Automobile Technology Co., Ltd. (300825.SZ) pursues a vision of becoming a leading supplier of intelligent automotive electronics and solutions that accelerate the transition to connected, efficient, and electrified mobility. The company's strategic direction aligns product innovation, customer partnerships, and operational excellence to capture growth across passenger and commercial vehicle markets domestically and internationally.- Integrity - IAT prioritizes transparent governance, compliance with industry standards, and consistent delivery of contractual commitments to clients and suppliers.
- Trust - Long-term relationships with OEMs and tier-1 partners are built on predictable quality, on-time delivery, and data security in connected products.
- Teamwork - Cross-functional collaboration among R&D, manufacturing, and commercial teams accelerates project cycles and improves first-pass yield.
- Embracing change - Continuous investment in software-defined architectures, electrification modules, and ADAS/connected platforms keeps IAT adaptive amid rapid automotive innovation.
| Key Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (RMB million) | 800 | 1,050 | 1,300 |
| Net Profit (RMB million) | 120 | 160 | 200 |
| R&D Expense (% of Revenue) | 6.5% | 7.2% | 8.0% |
| R&D Headcount (employees) | 420 | 540 | 680 |
| Export Share of Revenue | 18% | 22% | 26% |
- Allocating ~8% of revenue to R&D to support software-defined vehicle platforms and ADAS modules.
- Strengthening quality systems and supplier audits to preserve trust in high-mix manufacturing environments.
- Expanding cross-border commercial activities to grow export share and diversify OEM relationships.
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