Zhongshan Broad-ocean Motor Co., Ltd.

Zhongshan Broad-ocean Motor Co., Ltd. is a hi-tech enterprise established in 1994 and listed on the Shenzhen Stock Exchange in 2008. Headquartered in Zhongshan City, Guangdong Province, the company specializes in the manufacturing of electrical machinery and equipment, focusing on providing green and environmentally friendly solutions for motors and drive systems. Its diverse product portfolio includes motors for building ventilation and home appliances, new energy vehicle powertrain systems, vehicle rotating electrical appliances, and hydrogen fuel cell systems and components. The company operates through two main business sectors: the Building Ventilation and Home Appliances Motors Business Unit (BHM BU) and the Vehicle Business Group (EVBG). The BHM BU produces a wide range of motors for residential and commercial applications, while the EVBG focuses on electric drive systems and components for new energy vehicles. With over 70 subsidiaries and a presence in multiple countries, Broad-ocean has established itself as a long-term partner to numerous Fortune Global 500 companies and continues to enhance its global footprint through strategic investments and resource integration in the automotive and hydrogen fuel cell sectors.

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.