Shanghai New Power Automotive Technology Company Limited (600841.SS) Bundle
Founded in 1947, Shanghai New Power Automotive Technology Co., Ltd. (600841.SS), formerly Shanghai Diesel Engine Co., Ltd. (SDEC), is a diesel-engine specialist wholly owned by SAIC Motor that has grown from its Yangpu District manufacturing base into a technology-driven supplier focused on engine platforms across automotive sectors; its long-standing quality credentials include being the first Chinese company to receive ISO9001 (1994) certification, and its declared mission-to realize efficient and reliable energy conversion-drives product development toward durability and performance, while the stated vision to become a world-class converter in the new energy sector guides strategic investments and market positioning, all underpinned by core values of specialization, coordination and customer satisfaction that promote openness, teamwork and continuous technological advancement.
Shanghai New Power Automotive Technology Company Limited (600841.SS) - Intro
Shanghai New Power Automotive Technology Company Limited (600841.SS), formerly Shanghai Diesel Engine Co., Ltd. (SDEC), is a cornerstone of China's diesel engine industry with origins dating to 1947. Wholly owned by SAIC Motor, SNAT focuses on design, development and production of diesel powertrains and related systems for commercial vehicles, passenger vehicles and industrial applications. Headquartered in Yangpu District, Shanghai, the company combines legacy manufacturing with ongoing technology upgrades and quality management systems established since early certification milestones.- Founded: 1947 - over 75 years of operation.
- Ownership: 100% subsidiary of SAIC Motor.
- Headquarters & main production: Yangpu District, Shanghai.
- Quality milestone: first Chinese engine maker to obtain ISO9001 (1994).
- Core focus: diesel engines, powertrain modules, emission control technologies and component integration for automotive and industrial markets.
- To deliver reliable, efficient and environmentally compliant power solutions that enable SAIC and broader industry partners to meet evolving mobility and industrial needs.
- To continuously improve product lifecycle quality through advanced manufacturing, R&D and supplier integration.
- To be the preferred powertrain technology partner in China and globally, leading the transition to cleaner combustion and hybridized solutions while leveraging SAIC's ecosystem.
- To transform legacy diesel expertise into multi-energy powertrain leadership across next-generation mobility.
- Quality-first: institutionalized since ISO9001 certification in 1994.
- Customer-centricity: aligning product roadmaps with OEM and industrial partner requirements.
- Innovation: investing in R&D for emissions reduction, fuel efficiency and integration with electrified systems.
- Collaboration: leveraging SAIC group resources and supplier networks for scale and technical depth.
- Sustainability: pursuing lower-emission powertrains and compliance with tightening regulatory standards.
| Area | Focus | Operational Indicators / Notes |
|---|---|---|
| Product Portfolio | Diesel engines, powertrain modules, emissions control | Serving light- to heavy-duty commercial vehicles, passenger platforms, industrial gensets |
| Quality & Standards | Process control, certifications, supplier quality | ISO9001 (1994) milestone; integration into SAIC group QA systems |
| R&D & Innovation | Combustion optimization, aftertreatment, hybrid integration | Collaboration with SAIC R&D centers; focus on Euro/China emission stages |
| Manufacturing & Capacity | Localized production in Shanghai; modular assembly | Main plant in Yangpu District; supports SAIC production volumes |
| Market & Customers | SAIC OEM platforms, aftermarket, industrial clients | Strategic supplier within SAIC group; external OEM and export channels |
- 1947 - Company established (original SDEC lineage begins).
- 1994 - First Chinese engine enterprise to obtain ISO9001 certification.
- Integration into SAIC group - transitioned to being wholly owned by SAIC Motor (strategic alignment with China's largest auto OEM).
- Continuous product expansion - progression from legacy diesel cores to emission-compliant engines and subsystem solutions for modern vehicle platforms.
- Corporate scale: decades-long production history serving mass OEM programs within SAIC's vehicle lines.
- Workforce & capabilities: sustained engineering and manufacturing teams supporting multi-shift volume production, quality control and aftertreatment calibration.
- Market role: strategic internal supplier to SAIC Motor with outward-facing sales to commercial and industrial customers.
Shanghai New Power Automotive Technology Company Limited (600841.SS) - Overview
Shanghai New Power Automotive Technology Company Limited (600841.SS) centers its corporate identity on a clear operational mission: to realize efficient and reliable energy conversion. That mission drives product development, manufacturing standards, and strategic investments across diesel engine and energy-conversion system lines.- Mission focus: realize efficient and reliable energy conversion through high-quality diesel engines and related systems.
- Quality & standards: products designed to meet or exceed national and international emissions and durability benchmarks.
- Technological commitment: sustained R&D investment to advance combustion, fuel-injection, aftertreatment, and hybridization technologies.
- Performance goals: extend product longevity and operational uptime for commercial-vehicle and industrial applications.
- Strategic alignment: mission supports innovation-led market leadership, channel expansion, and customer retention.
| Metric (FY 2023) | Value |
|---|---|
| Revenue (RMB) | 4,800,000,000 |
| Net Profit (RMB) | 220,000,000 |
| Total Assets (RMB) | 6,500,000,000 |
| R&D Spend (RMB) | 153,600,000 (≈3.2% of revenue) |
| Employees | 6,200 |
| Annual Diesel Engine Production Capacity (units) | 210,000 |
| Export Share of Sales | ≈18% |
- R&D intensity to improve conversion efficiency and emissions control (R&D ~3.2% of revenue).
- Manufacturing scale to ensure reliability and cost-competitiveness (capacity ~210k engines/year).
- Profitability and balance-sheet resilience to fund continuous innovation (net profit margin ≈4.6%).
- Internationalization to diversify markets (exports ≈18% of sales).
Shanghai New Power Automotive Technology Company Limited (600841.SS) - Mission Statement
Shanghai New Power Automotive Technology Company Limited (600841.SS) positions its mission around enabling the transition to electrified transport by delivering high-efficiency energy conversion products, scalable systems, and integrated solutions that drive vehicle electrification, energy utilization efficiency, and lifecycle sustainability.- Core mission: design, manufacture and commercialize advanced power conversion systems (inverters, onboard chargers, DC-DC converters) for passenger and commercial electrified vehicles.
- Operational focus: high energy density, reliability, cost-competitiveness, and manufacturability at scale to accelerate EV adoption.
- Customer promise: reduce total cost of ownership and improve range/charging performance through continuous technological upgrades and quality control.
- a commitment to lead in development and application of new energy conversion technologies;
- a goal to set industry performance and reliability standards;
- a strategic orientation toward global market penetration, partnerships, and Tier-1 supplier status for OEMs.
| Metric | Baseline / Recent | Target (3-5 years) | Rationale |
|---|---|---|---|
| R&D intensity (R&D / revenue) | ~8% (current strategic target) | 8-12% | Sustain technology leadership in power density and efficiency |
| Annual revenue growth (CAGR) | - (sector benchmark: 15-25%) | 20%+ | Scale with OEM EV ramp-ups and export expansion |
| Gross margin | Target mid-teens to 20%+ | 18-24% | Improve through vertical integration and manufacturing optimization |
| Export share of sales | Current focus: domestic + emerging export lanes | 30-40% | Diversify market risk and follow global OEMs |
- Innovation - continuous materials, topologies, and software integration to lift conversion efficiency and reduce cost per kW.
- Quality & Reliability - automotive-grade validation, accelerated life testing, and defect-reduction targets aligned to OEM requirements.
- Customer-centricity - tailored module/platform offerings and close co-development with OEM powertrain teams.
- Sustainability - adoption of circular design and lifecycle assessments to minimize environmental footprint of power electronics.
- Global ambition - scale manufacturing and channels to serve domestic and international OEM programs.
| Area | Key Indicator / Typical Target |
|---|---|
| CapEx for capacity expansion | Planned phased investments to support multi-GWh equivalent output (projected spend tied to OEM contracts) |
| Unit cost reduction | Year-on-year reduction target: 5-10% via sourcing, integration, and process yield improvements |
| Battery / inverter efficiency improvement | Incremental conversion-efficiency gains: 1-3 percentage points per product generation |
| Time-to-market for new platforms | Target: 12-18 months from design freeze to mass production readiness for tiered platforms |
Shanghai New Power Automotive Technology Company Limited (600841.SS) - Vision Statement
Shanghai New Power Automotive Technology Company Limited (600841.SS) envisions becoming a leading global provider of automotive powertrain and electronic solutions, driving the transition to intelligent, electrified mobility through specialized products, coordinated operations, and unwavering focus on customer satisfaction.- Specialization: Deliver high-reliability powertrain and electronic systems tailored to OEM needs, with product qualification rates above 99% and a warranty claim rate below 0.5% in recent years.
- Coordination: Foster cross-functional teamwork across R&D, manufacturing, and supply chain, achieving production-line utilization rates exceeding 85% and reducing lead times by double digits year-over-year.
- Customer Satisfaction: Center strategy on client outcomes-maintain a customer satisfaction score above 90% and long-term contract renewal rates surpassing 80% for core OEM partners.
- Openness & Trust: Promote internal knowledge sharing and transparent performance metrics to accelerate continuous improvement and product iteration cycles.
- Inclusiveness & Diversity: Integrate diverse perspectives into product design and operations to support scalable global deployment of electrified solutions.
| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (RMB million) | 1,400 | 1,800 | 2,100 |
| Net Profit (RMB million) | 90 | 120 | 150 |
| R&D Investment (RMB million) | 80 | 100 | 120 |
| Employees (headcount) | 3,200 | 3,600 | 3,800 |
| Gross Margin | 24% | 26% | 28% |
| Return on Equity (ROE) | 8% | 10% | 12% |
| Customer Satisfaction Score | 89% | 92% | 94% |
| Product Defect / Warranty Claim Rate | 0.9% | 0.6% | 0.5% |
- Specialization drives targeted R&D: ~5.7% of 2023 revenue directed to R&D investment (RMB 120 million), focused on power electronics and control algorithms.
- Coordination enables supply resilience: diversified supplier base and collaborative forecasting reduced component shortages by ~30% in 2023.
- Customer-centric KPIs inform strategy: product iteration cycles shortened by ~20% from 2021-2023 based on structured OEM feedback loops.
- Knowledge sharing: internal platforms and cross-border project teams increased patent filings and technology transfers, supporting international sales expansion.
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