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Tuopu Group intends to set up a wholly-owned subsidiary in Hangzhou Bay New Area, Ningbo City for 2 billion yuan

Tuopu Group intends to set up a wholly-owned subsidiary in Hangzhou Bay New Area, Ningbo City for 2 billion yuan

Jiwei Network news, on February 7, Tuopu Group issued an announcement that the company intends to set up a new wholly-owned subsidiary in Ningbo Hangzhou Bay New Area Tuopu Skateboard Chassis (Ningbo) Co., Ltd. (tentative name), with a registered capital of 2 billion yuan. The business scope of the subsidiary includes: auto parts research and development; auto parts and accessories manufacturing; auto parts wholesale, retail; technical services, development, consulting, exchange, transfer, promotion; import and export of goods; technology import and export.

The announcement said that the use of skateboard chassis can quickly create differentiated models, thereby reducing the development costs of car companies and shortening the development cycle. Tuopu Group has a wealth of product lines and chassis tuning capabilities such as suspension systems, brake-by-wire, steer-by-wire, and cooperation experience with RIVIAN in skateboard chassis, with the necessary elements to integrate skateboard chassis and wire-controlled chassis. Tuopu Group set up a new factory in Hangzhou Bay New Area, integrating the above modules on the same platform, and in the future, it can provide customers with the best performance, quality and cost of skateboard chassis products for peripheral and overseas customers

According to the data, Tuopu Group started with shock absorption and noise reduction (NVH) products, and its main business is currently research and development and manufacturing in the fields of automotive power chassis systems, trim systems, intelligent driving control systems, etc., and is a supplier of Tesla suspension castings. Its main customers also include traditional car companies such as Geely and General Motors, as well as new car-making forces represented by Tesla.

In terms of R&D, Tuopu Group has set up R&D centers in North America, Europe, Shanghai, Shenzhen, Ningbo and other places, widely attracting high-end talents at home and abroad, and has established a scientific research team of nearly 2,000 people composed of more than 200 doctors and masters. In addition, Tuopu Group has set up a world-leading experimental center, with material-level, product-level, system-level and vehicle-level testing and verification capabilities, through cnAS ISO/IEC17025 system certification, and more automakers have been entrusted with vehicle-level experiments to be completed by the company.

(Proofreading/Andy)

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