Zhejiang Jingu Co., Ltd.

Company Profile

1. Research and development innovation, technological leadership The company has been deeply involved in the wheel industry for many years, constantly pursuing the development of lightweight and low-carbon automotive wheels. With the vision of "creating lighter, more refined, more beautiful, and more cost-effective products, becoming the first choice of target customers", the company attaches great importance to scientific and technological research and innovation, continuously introduces high-quality R&D talents, and continuously increases R&D investment. After more than 20 years of training and accumulation, the company has formed a relatively complete R&D talent team and formed a comprehensive R&D system from materials, processes, shape design, equipment, etc. The industrialization experience of scientific and technological achievements is rich and more competitive. Avatar's low-carbon wheel product is a self-developed "lightweight and low-carbon" wheel product that the company has been deeply cultivating for many years. It has the advantages of novel appearance, lightweight, high accuracy, high strength, better balance, stronger deformation resistance, and more durability. The production process has low energy consumption, and the use process is energy-saving and efficient, effectively reducing carbon emissions. It corresponds to the national energy transformation and conforms to the national development plan of "carbon peak and carbon neutrality" and the green development concept of the automotive industry. Products produced using Avatar low-carbon technology can have a weight equivalent to or even lighter than aluminum wheels, and their cost is significantly reduced compared to aluminum alloy wheels. At the same time, some Avatar low-carbon wheels adopt coating technologies such as vacuum splashing, which are more beautiful and cool compared to the original technology. The product appearance has a "masculine beauty" and a unique design language. The company is a high-tech enterprise with a provincial-level research and development center for high-tech enterprises. The company has expanded from process research and development innovation to localization of equipment production lines, self-developed molds, and material innovation, laying a solid technical foundation for the company to gradually become an international first-class wheel production enterprise. 2. Core equipment, self-developed self-control The main specialized machines, specialized equipment, and molds of the Avatar low-carbon wheel production line are developed and manufactured by the company itself, which is a global first and has certain competitive barriers. The company's main production line is an internationally leading intelligent production line, which improves product performance and quality. The company's Avatar low-carbon wheels adopt the company's self-developed material formula and innovative technology, ensuring product accuracy and improving product performance and quality. At the same time, the company's equipment team is constantly improving its technology, research and development, and manufacturing capabilities, reducing production line construction costs and shortening construction cycles. The ability to independently research and manufacture the entire stack not only establishes a high technical barrier for the company, but also enables the company to provide our customers with high-quality competitive products with higher performance and lower costs. 3. High quality customers and healthy development Our company's products are oriented towards the global market, with a wide range of customers. We have successfully developed numerous high-quality customer resources both domestically and internationally, formed long-term and stable partnerships, and have been included in the core supplier list by multiple host manufacturers. In the field of passenger cars, the company is an independent brand such as BYD, SAIC, Changan Automobile, Geely Automobile, Wuling Automobile, Chery Automobile, and also a supplier of passenger car manufacturers for joint venture brands such as SAIC Volkswagen, GAC Toyota, SAIC General Motors, GAC Honda, Beijing Hyundai, and Changan Ford. At the same time, the company's products are exported to countries and regions such as Europe and the United States, and have successfully entered the international automotive parts procurement system. It is a global first-class supplier for automobile manufacturers such as General Motors, Volkswagen, and Ford. In the field of commercial vehicles, the company is a supplier to leading commercial vehicle manufacturers such as Daimler, China National Heavy Duty Truck Group, FAW Jiefang, Foton Motor, Jianghuai Automobile, Yutong Bus, Jirui United, and CIMC Vehicle. The customer coverage of the company's products is continuously increasing, providing a solid guarantee for the company's long-term sustainable development. 4. Product advantages and broad business scope The company is committed to creating lighter, more refined, more beautiful, and more cost-effective products for customers. After years of production and operation practice accumulation and continuous new product research and development, the company has the ability to provide automotive wheel product matching in all fields, and can provide numerous solutions and products for different customers. The company has a wide range of product supporting fields, mainly supporting passenger cars, new energy vehicles, commercial vehicles, and special vehicles. The company continues to reduce the consumption of raw materials and energy consumption in the production process through innovation in raw materials, processes, and equipment, reduce carbon emissions, replace the traditional steel wheel and some aluminum alloy wheel markets, achieve industrial structure optimization and upgrading, reduce the overall weight of vehicles, improve energy utilization efficiency, and provide broad space for the long-term sustainable growth of the company's business. 5. Professional team, effective motivation The company has established a professional team in materials, technology, equipment, molds, and styling, with close cooperation among all teams and stronger comprehensive and R&D innovation capabilities. The company continuously attracts professional talents and new talents through social and school recruitment, and strengthens talent internalization through systematic training and specialized training. At the same time, it adheres to a fully authorized and performance oriented evaluation and incentive mechanism according to organizational principles to stimulate talent growth, and the company's talent pool is further improved. At present, the average age of senior executives in the company is around 43.8 years old. While organizational capabilities have been consolidated and improved, basic management personnel have also become younger. In 2017, the company launched stock options and restricted stock incentive plans, covering multiple senior executives (excluding actual controllers), 227 middle-level managers, and core technical business (backbone) personnel; In 2022, the company will use the repurchased shares to implement an employee stock ownership plan, with a total scale of 262 million yuan, covering 179 directors (excluding independent directors), supervisors, senior management, middle and senior management, and business backbone personnel; Management shareholding helps to promote the common development of the core team and the company, forming a community of interests, and laying a solid foundation for the stable development and continuous expansion of the company's talent organization.