HangZhou Radical Energy Saving Technology Co., Ltd.

Company Profile

HANG ZHOU RADICAL ENERGY-SAVING TECHNOLOGY CO., LTD. (Stock Code: 300652.SZ), founded in 2002 and headquartered in Hangzhou, Zhejiang Province, is a comprehensive high-tech enterprise with over two decades of deep expertise in the automotive bearing industry. The company was listed on ChiNext Market of the Shenzhen Stock Exchange in May 2017 and has evolved into an integrated automotive precision component supplier, encompassing R&D, production, and sales. I. Core Business: Specializing in Automotive Bearing Systems HANG ZHOU RADICAL ENERGY-SAVING TECHNOLOGY CO., LTD. (hereinafter referred to as "Radical" or "the Company") boasts over 20 years of manufacturing experience in the automotive bearing field, with a rich product matrix comprising more than 3,000 regularly circulated varieties. Main Products: The Company's core products include hub bearing units (first, second, and third generation), hub bearings, tapered roller bearings, clutch release bearings, tension pulleys, among others. These products are widely used in the chassis, powertrain, steering, and braking systems of both traditional fuel vehicles and new energy vehicles, providing safety, energy efficiency, high precision, and high-performance guarantees. Quality Systems: The Company has obtained international certifications such as IATF 16949, ISO 45001, and ISO 14001. It also operates a CNAS-accredited national-level laboratory, with technical R&D capabilities reaching advanced industry standards. Production Capacity: The Company operates three major production bases in China: its headquarters in Xiaoshan, Hangzhou, Zhejiang; its second plant in Qiantang, Hangzhou, Zhejiang; and its third plant in Jiaxing, Zhejiang. Its current annual production capacity is 48 million sets. Upon the full completion and operation of the Jiaxing base in Zhejiang, the total annual capacity is expected to increase to 88 million sets. Market Position: The Company has successfully expanded from the automotive aftermarket (AM) into the original equipment manufacturer (OEM) supply market, achieving synergistic development. It has entered the supply chains of numerous mainstream automotive brands, including Geely, SAIC, GAC, Changan, Great Wall, Leapmotor, Xpeng, and Chery. II. Core Business Going Global: Enhancing International Supply Chain Resilience The company plans to invest US$30 million in establishing its first overseas production base in Tangier, Morocco. Currently, the Overseas Direct Investment (ODI) filing approval for this project has been completed. The base is strategically located adjacent to the Port of Tangier-Med. Upon completion, it will significantly reduce delivery times to customers in Europe, North America, Africa, and the Middle East, effectively meeting the "localized supply" needs of overseas clients. III. Strategic Expansion: Pioneering the Second Growth Curve in Precision Transmission Facing the transformation towards automotive intelligence and the rise of the robotics industry, Radical has focused on entering the new field of precision transmission components since 2024. Through a dual-driven approach of internal R&D and external investment, the company aims to build a new growth engine. Leveraging the supply chain and process commonalities from bearing manufacturing, the company has developed the capability to independently design and produce automotive lead screws, as well as planetary joint lead screws and micro lead screws for humanoid robots. The company established Zhejiang Radical Precision Transmission Co., Ltd. as the core entity for its lead screw business. Currently, capacity deployment and commercialization are progressing smoothly. Production capacity is expected to reach 7 million units by 2026, with plans to exceed 20 million units within the next 3-5 years. Furthermore, the company has developed precision bearings for robotics applications, including crossed roller bearings, cylindrical bearings, and spherical plain bearings (rod ends), and has commenced batch deliveries to customers. IV. Business Upgrade: Building an Integrated Supply Chain from Embodied Intelligent Components to Module Assemblies In response to industry development trends, the company has leveraged its robotic lead screw products to develop robotic linear joint modules and dexterous hand modules. It has initiated collaborations with several full-body robot manufacturers and dexterous hand producers, achieving a transition into a supplier of module assemblies. Regarding business expansion, the company has made a strategic investment, acquiring a 20.41% equity stake in OYMOTION TECHNOLOGIES CO., LTD.(hereinafter referred to as "OYMotion"). This move leverages OYMotion's expertise in electronic control and algorithms, accumulated through its dual focus on brain-computer interfaces and robotic dexterous hands, to establish multi-layered strategic cooperation. Furthermore, the company has jointly established Zhejiang Leiao Robot Co., Ltd. with OYMotion. This entity serves as the R&D and production platform for the company's robotic joint modules and dexterous hand modules, significantly enhancing the company's integrated "mechatronics" assembly capabilities within the field of embodied intelligence. V. Development Vision: Dual Drives, Competing for the Future Radical consistently adheres to its "Dual Drives" strategy: stabilizing the foundational automotive components business while fully expanding into the system integration of core components for humanoid robots. Upholding a rigorous and pragmatic operational philosophy, the company advances the autonomy and industrialization of core components for both automotive and embodied intelligence applications. Rooted in manufacturing, it actively participates in shaping a new world composed of intelligent entities.