Zhongshan Broad-ocean Motor Co., Ltd.
大洋电机
002249
Shenzhen Stock Exchange
Company Profile
The Company is constantly pushing forward its industrial upgrade and resource integration, while continuing to expand its home appliances motors business. Since 2013, the Company enhanced its efforts to integrate its global motor and drive system resources. In particular in the automobile sector (including conventional vehicle and new energy vehicle), it acquired “Prestolite”, an international brand with 100 years history, “Shanghai E-drive” and “GNR”. In 2016, the Company made a strategic investment in a world-leading hydrogen fuel cell power system company-Ballard Power Systems,Inc, to complete its “motor + electric controller + battery” industrial chain. With a targeted business layout in global new energy vehicles and hydrogen fuel cells industrial chain, the Company has effectively improved its standing in the global new energy vehicle and hydrogen fuel cell sector. While continuing with its industrial upgrade, the Company is integrating and sharing inter-industry resources, placing tremendous impetus on investment in technology R&D and innovation, and is making exchanges in and expanding its R&D platform, marketing channels, service system, talent pool, brand development and other resources. This is helping the Company speed up its global expansion, as it brings new momentum to its development, giving full display to its advantages, and demonstrating the Group’s strength.
Full description
ZHONGSHAN BROAD-OCEAN MOTOR CO., LTD. (stock code: 002249) was established in 1994 in Zhongshan City, in Guangdong Province, the hometown of the great man Sun Yat-sen. After 30 years of development, the Company has grown into a hi-tech enterprise capable of highly-independent R&D, lean manufacturing and smart marketing, and is committed to being an outstanding global supplier of green and environmentally friendly solutions for motors and drive systems, Its products include building ventilation and home appliance motors, new energy vehicle powertrain systems, vehicle rotating electrical appliances, hydrogen fuel cell systems and their key components, etc. Currently, the company owns more than 70 subsidiaries, both wholly-owned and partially-owned, with operations in multiple cities across China and in countries such as the United States, Mexico, the United Kingdom, Vietnam, India, Morocco, and Thailand, and has become a long-term partner of many Fortune Global 500 companies and well-known domestic and foreign enterprises. The company has a production capacity of approximately 80 million units of building ventilation and home appliance motors, more than 1 million units of new energy vehicle power systems, 8 million units of vehicle rotating electrical components, and 3,000 sets of hydrogen fuel cell systems. The main products of the company's two major business sectors are as follows: Building Ventilation and Home Appliances Motors BU (BHM BU): Motors for Residential and Commercial Air Conditioners, Kitchen Appliances, Automatic Garage Door Openers, Pump Motors, Semi-Hermetic Motors for the Compressor of Commercial Air Conditioning, Ventilation Fans, Data Center Cooling Systems, Water Pumps for Agriculture, and Ventilations for Smart Agriculture Breeding System, etc. Vehicle business group (EVBG): electric drive systems and core components for new energy vehicles, range extenders for hybrid electric vehicles, and starters/generators for automotive and off-road machinery, etc.