According to the official news of Xinrui Technology, on November 1, 2021, Shenzhen Xinrui Technology Co., Ltd. signed a joint venture final agreement with Lear (nyse: lea), the global leader in automotive seating and electronic and electrical technology.
The joint venture is expected to complete the approvals and registrations required for the establishment of the joint venture in the fourth quarter of 2021 and the establishment of the management team this year. The joint venture, located in Shenzhen, China, will integrate the product capabilities of both companies on advanced in-vehicle chargers and next-generation multi-functional integrated power modules to complement each other and serve a wide range of local and global automakers.
Dr. Wu Renhua, Chairman and General Manager of Xinrui Technology, said: "Xinrui Technology has done a lot of systematic engineering work on how to provide a more intelligent charging experience for new energy vehicles. After years of mass production and million-level delivery, the cooperation with Lear is another embodiment of the company's 'brand up' strategy, integrating the advantages of both sides, achieving win-win cooperation and helping the world realize the green dream." ”
Doug Brandt, Lee's vice president of global electronics, said: "The establishment of the joint venture is in line with our development strategy of identifying product segments and leveraging our core competencies to enhance our business in the EV segment. The combination of Lear and Shine Technologies will not only expand our business capabilities, but also enable both companies to create products with high-quality design and best-in-class performance, and meet customer requirements by bringing together cost advantages and high-quality manufacturing bases." ”
Sun Yi, vice president of Lear's e&E business in Asia Pacific, said: "In-vehicle chargers efficiently convert alternating current from charging stations into direct current, storing them in vehicle batteries, and play an increasingly important role in electric vehicles by reducing charging time and increasing mileage. Different vehicles have different specifications for on-board chargers. The collaboration with ShineTech expands our portfolio of advanced in-vehicle battery chargers. ”
About Shine Technology
Over the past 16 years, Xinrui Technology has focused on new energy vehicle on-board power solutions, always adhered to the development concept of "new energy vehicles are a common emerging industry for all mankind, and innovation is endless", and is committed to becoming the world's leading supplier of new energy vehicle on-board power solutions. Xinrui Technology has all the independent intellectual property rights of the original core technology of the vehicle power supply, and has accumulated rich experience in the research and development and industrial industry in the field of vehicle power supply, and has the industry's leading R & D innovation ability and engineering manufacturing capability, and the product technology level ranks in the forefront of the industry. At present, the on-board power supply of Xinrui Technology has been equipped with Honda, Hyundai, BYD, Geely, Xiaopeng and many other mainstream models at home and abroad, and is a leading enterprise in the automotive power supply segment of China's new energy vehicles.
About Lear Corporation
Lear is a global leader in automotive seating and electrical and electronic technology, dedicated to providing consumers around the world with an extraordinary in-car cabin experience. The Lear team is comprised of elite employees from 38 countries who are the cornerstones of Lear's continuous innovation, operational excellence and sustainability. Lear's business aims to provide safer, smarter and more comfortable mobility for consumers around the world, and implements the vision of "making every drive bettertm" with technological innovation. Lear's product technology and services currently cover the world's major automakers, ranking 179th on the U.S. Fortune 500. Lear is headquartered in Southfield, Michigan, USA, and its Asia Pacific and China headquarters are in Shanghai, China.
Author: Wang Mingyou
Source: First Electric Mesh (www.d1ev.com)