The company was founded in 1969 and listed on the Shenzhen Stock Exchange on January 10, 1994. Wanxiang Qianchao is committed to a global development strategy around the mission of “making the air fresher”, and continues to implement digital intelligence design, operation, and intelligent manufacturing to build an advanced enterprise. In 2017, Wanxiang Qianchao Co., Ltd. was rated as the individual champion demonstration enterprise in the manufacturing industry; in 2021, Zhejiang Wanxiang Precision Machinery Co., Ltd. was named the individual champion demonstration enterprise in the manufacturing industry; in 2021, Wanxiang Qianchao was once again nominated for the China Quality Award. It is dedicated to the development and manufacture of automotive parts, seizing the “new four modernization” opportunities of automobiles, and providing modular, systematic and collaborative solutions. Specializing in the production of parts and assemblies such as universal joints, drive shafts, constant velocity drive shafts, wheel units, bearings, brakes, automotive electronics, shock absorbers, fuel tanks and aftertreatment systems. The company has obtained the National Intellectual Property Demonstration Enterprise, the National Intellectual Property Advantage Enterprise, the National Industrial Product Green Design Demonstration Enterprise, the National High-tech Enterprise, the Manufacturing Single Champion Demonstration Enterprise, the National Green Factory, the First Zhejiang Intellectual Property Demonstration Enterprise, the Provincial Technological Innovation Demonstration Enterprise, Zhejiang Green Enterprise, High-tech Enterprise Certification, Zhejiang Major Innovation Team Certification, and Zhejiang Innovative Leading Cultivating Enterprise. In 2023, the company won honors such as the Zhejiang Intellectual Property Award and Zhejiang Top 100 Creative Enterprises; won the Zhejiang Provincial Advanced Research and Development Project; and the lightweight, high-strength, high-efficiency commercial vehicle universal joint was rated as “the first (set) product in Zhejiang Province”.
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