Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SS) Bundle
Ningbo Shenglong Automotive Powertrain System Co., Ltd. - with manufacturing bases in Ningbo, Hefei, Ningguo, Longwei, Songjiang, Lingang and Hungary - is accelerating from a strong ISO 9001:2015 quality foundation and a defect rate under 0.5% into new frontiers, having secured a USD 110 million order in 2025 for Fuyao Glass sunroof motors while also becoming a smart components supplier to a leading Chinese flying carmaker; its R&D push is striking - R&D expenditure rose 50% from USD 10 million in 2022 to an estimated USD 15 million in 2023 (and is also reported at approximately ¥150 million in 2023, up 20% year‑on‑year) - underpinning a mission to "master advanced technologies and improve automotive components," a vision targeting a 15% rise in international sales by 2024 plus entry into at least three new European/North American markets, commitments to cut carbon emissions by 30% by 2025 and reach 100% renewable manufacturing by 2030, a planned electric powertrain launch with projected first‑year revenue of ¥300 million, and core values of integrity, teamwork and adaptability that power initiatives from intelligent manufacturing and industrial IoT to sustainability and workforce development - read on to explore how these concrete targets, investments and strategic moves are reshaping Shenglong's role in next‑generation powertrains
Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SS) - Intro
Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SS) is a specialized manufacturer of automotive powertrain components-oil pumps, vacuum pumps, clutch assemblies, planetary gear sets and related transmission parts-headquartered in Ningbo, China, with an expanding global footprint and a growing role in both traditional and emerging mobility sectors.
- Founded and headquartered: Ningbo, China
- Ticker: 603178.SS
- Core product categories: oil pumps, vacuum pumps, clutch assemblies, planetary gear sets, specialized motors
- Quality certification: ISO 9001:2015
| Metric | Value / Detail |
|---|---|
| 2022 R&D expenditure | USD 10,000,000 |
| 2023 R&D expenditure (estimated) | USD 15,000,000 (50% increase vs 2022) |
| Major 2025 contract | USD 110,000,000 - specialized motors for Fuyao Glass Industry Group sunroof project |
| Strategic diversification | Smart execute components supplier for a leading Chinese flying carmaker |
| Production bases | Ningbo, Hefei, Ningguo, Longwei, Songjiang, Lingang, Hungary |
| Quality standard | ISO 9001:2015 |
Mission
- Design and manufacture reliable, high-efficiency powertrain and transmission components for global OEMs and aftermarket partners.
- Drive technological advancement in mobility through focused R&D and cross-industry collaboration.
- Deliver measurable value to customers via precision manufacturing, quality assurance (ISO 9001:2015) and scalable production capacity.
Vision
- To be a globally recognized leader in powertrain systems, enabling safer, more efficient and smarter vehicle platforms across traditional and emerging mobility segments, including flying cars.
- To expand international production and supply-chain resilience while achieving technology leadership in electric and intelligent actuation solutions.
Core Values
- Innovation: sustained R&D investment (USD 15M estimated in 2023) to push component performance and integration.
- Quality: adherence to ISO 9001:2015 and rigorous process control across all production sites.
- Customer Focus: long-term partnerships exemplified by major contracts (e.g., USD 110M Fuyao sunroof motors).
- Agility: diversification into high-growth segments such as flying car components and smart actuation.
- Sustainability: continuous improvement in manufacturing efficiency and material utilization aligned with global standards.
Strategic Pillars & Operational Footprint
- Global manufacturing nodes: leverage sites in Hungary and multiple Chinese bases (Hefei, Ningguo, Longwei, Songjiang, Lingang) to serve regional OEMs and tier-1 customers.
- R&D-driven product pipeline: commit increased budgets (50% YoY increase from 2022 to 2023) to electrified actuation, precision pumps and modular transmission assemblies.
- Commercial scale & partnerships: secure large-scale supply agreements (USD 110M in 2025) to broaden revenue streams and deepen OEM integration.
For financial context and deeper investor-oriented metrics, see: Breaking Down Ningbo Shenglong Automotive Powertrain System Co.,Ltd. Financial Health: Key Insights for Investors
Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SS) Overview
Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SS) frames its corporate direction around a clear mission to 'master advanced technologies and improve automotive components,' emphasizing technological leadership, product quality, and sustainable development across its powertrain and components portfolio.- Technological leadership: focus on advanced powertrain systems, lightweight materials, and efficiency-improving component design.
- Quality assurance: maintain ISO 9001 certification and stringent manufacturing controls to keep component defect rates exceptionally low.
- Innovation investment: sustained, growing R&D to support product roadmap and competitiveness in electrification and efficiency technologies.
- Sustainability: targets to cut carbon emissions and increase recyclable-material content across product lines.
- Market alignment: strategic decisions guided by mission to meet OEM demands for greener, higher-performance components.
| Metric | Value / Target | Reference Year |
|---|---|---|
| R&D expenditure | ¥150 million | 2023 |
| R&D growth (YoY) | +20% | 2023 vs 2022 |
| Quality certification | ISO 9001 | Ongoing |
| Manufactured components defect rate | <0.5% | Latest reported |
| Carbon emission reduction target | -30% | By 2025 |
| Recyclable-material incorporation | 60% of product lines | Target by 2025 |
- Allocation of R&D resources to electrification and efficiency programs (¥150M in 2023, a 20% increase).
- Continuous process improvements and quality control systems to sustain defect rates below 0.5% (well under typical industry averages of 1-2%).
- Supplier and material strategies to meet the 60% recyclable-material incorporation goal and upstream emissions reductions contributing to the -30% company-wide target by 2025.
Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SS) - Mission Statement
Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SS) commits to engineering powertrain systems that combine performance, efficiency and sustainability. The company's mission centers on delivering advanced propulsion solutions to OEMs and aftermarket partners while creating long-term shareholder value and social impact.
Vision Statement
Shenglong envisions technological excellence in the automotive sector by leading the development and application of advanced powertrain systems that enhance vehicle performance and sustainability. Key strategic targets aligned with this vision include:
- Expand global market presence with a targeted 15% increase in international sales by 2024 and entry into at least three new markets across Europe and North America.
- Launch a new electric powertrain product line by end of 2024, targeting initial revenue of ¥300 million in year one.
- Reduce operational carbon emissions by 30% by 2025 and achieve 100% renewable energy usage in manufacturing by 2030.
- Attain a customer satisfaction rate >90% by 2025 through improved service offerings and product innovation.
- Invest in workforce development with over 200 training sessions annually and aim for 85% employee satisfaction by 2025.
Strategic Pillars
- Technology Leadership - accelerated R&D in electric and hybrid powertrains, systems integration and controls.
- Global Expansion - targeted market entry, localized partnerships, and export growth initiatives.
- Sustainability - decarbonization roadmap, renewable sourcing and circular manufacturing practices.
- Customer Centricity - lifecycle services, faster response times and digital customer interfaces.
- People & Culture - continuous learning, talent retention and safety-first manufacturing.
Core Values
- Innovation: relentless pursuit of performance and efficiency gains through engineering excellence.
- Integrity: transparent governance, regulatory compliance and ethical supply chain practices.
- Sustainability: measurable reduction of environmental impact across operations and products.
- Collaboration: close partnerships with OEMs, suppliers and research institutions.
- Customer Focus: design and deliver solutions that meet evolving mobility needs.
Quantified Targets & KPIs
| Target | Metric | Deadline | Baseline / Goal |
|---|---|---|---|
| International Sales Growth | % increase | 2024 | +15% |
| New Market Entries | Number of markets | 2024 | ≥3 (Europe & North America) |
| EV Powertrain Launch | Projected first-year revenue | 2024 (launch) / 2025 (first full year) | ¥300,000,000 |
| Carbon Emissions Reduction | % reduction vs baseline | 2025 | 30% |
| Renewable Energy in Manufacturing | % of energy from renewables | 2030 | 100% |
| Customer Satisfaction | CSAT | 2025 | >90% |
| Workforce Training | Training sessions per year | Ongoing | >200 sessions / year |
| Employee Satisfaction | Engagement score | 2025 | 85% |
Implementation Initiatives
- R&D investment reallocation to prioritize EV powertrain modules, battery integration and software controls.
- Sustainability projects including onsite solar, green energy procurement contracts and efficiency upgrades to meet the 2030 renewable target.
- International sales expansion program: dedicated regional teams, local certifications, and channel partnerships to achieve the +15% target.
- Customer experience program combining digital aftersales portals, SLAs for response, and product warranty enhancements to reach >90% CSAT.
- Comprehensive talent program delivering 200+ annual training sessions, leadership tracks and wellbeing initiatives to improve engagement to 85%.
Related analysis and financial context: Breaking Down Ningbo Shenglong Automotive Powertrain System Co.,Ltd. Financial Health: Key Insights for Investors
Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SS) - Vision Statement
Ningbo Shenglong Automotive Powertrain System Co.,Ltd. (603178.SS) positions itself as a technology-driven supplier dedicated to shaping the electrified, connected and intelligent mobility ecosystem. The company's vision centers on delivering high-reliability electronic powertrain and control systems while accelerating the transition to new energy vehicles (NEVs), digitalized manufacturing, and mobility innovations (including flying car component platforms).- Integrity & Trust - building long-term OEM partnerships through consistent quality, on-time delivery and transparent governance.
- Teamwork - cross-functional collaboration across R&D, manufacturing, and customer service to shorten development cycles and improve first-pass yields.
- Embracing Change - rapid response to market shifts (NEV adoption, domain controller architectures, and mobility-as-a-service) through flexible production and product portfolio updates.
- Technology leadership: sustained R&D investment to advance power electronics, inverters, e-motors and controls for passenger EVs, commercial vehicles and emerging mobility platforms.
- Sustainability: reducing lifecycle emissions via lightweighting, higher-efficiency powertrains and greener production processes.
- Digitalization: factory intelligence and data-driven manufacturing to cut defects and cycle times while enabling scalable customization.
| Initiative | Target / Metric | 2023 Result |
|---|---|---|
| Revenue (total) | Annual sales (CNY) | 3.2 billion |
| Net Profit (annual) | Net income (CNY) | 150 million |
| R&D Investment | Annual R&D spend (CNY) | 120 million (≈3.8% of revenue) |
| NEV-related Revenue Growth | YoY growth | +28% YoY |
| Export Ratio | % of revenue from overseas clients | 45% |
| Digitalization Center | Launched / employees | Established 2022; >80 staff in digitalization & data analytics |
| Intelligent Manufacturing Unit | Installed units / factories | 2 production lines upgraded; industrial IoT deployment across 3 plants |
- Integrity - ISO/TS and corporate governance metrics maintained; supplier audit pass-rates >95% across 2023.
- Teamwork - cross-site product development reduced average development lead time from 18 to 12 months for new inverter families.
- Embracing Change - entry into flying car components: initiated two strategic projects with tier-1 aerospace partners and allocated initial capex of CNY 50 million for prototype lines.
- Digitalization - industrial IoT fast data links yielding 12% reduction in downtime and 9% improvement in OEE on upgraded lines.
- Portfolio shift: increasing share of high-voltage inverters, integrated e-axles and domain controllers to capture NEV architecture trends.
- Customer satisfaction: on-time delivery rate >97% and claimed warranty return rates down 18% year-over-year due to improved quality controls.
- Global reach: leveraging export channels and local assembly partnerships to support OEMs in Europe and Southeast Asia.
| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (CNY bn) | 2.1 | 2.6 | 3.2 |
| Net Profit (CNY mn) | 80 | 120 | 150 |
| R&D Spend (CNY mn) | 70 | 95 | 120 |
| Export % | 38% | 42% | 45% |
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