Best (Anhui) new plant lays foundation, actively expands new energy vehicle business

On November 11, the foundation stone laying ceremony of Anhui Best New Energy Auto Parts Co., Ltd. Hanshan Factory was held in Hanshan Economic Development Zone, Maanshan City. So far, the new energy auto parts production project invested by Wuxi Best Precision Machinery Co., Ltd. (“Wuxi Best”) in Hanshan Economic Development Zone has officially landed.

It is understood that on June 25, 2022, Anhui Best New Energy Auto Parts Co., Ltd. (“Anhui Best”), a wholly-owned subsidiary funded and established by Wuxi Best, was established with a registered capital of 100 million yuan. Manufacturing of auto parts and accessories, research and development of auto parts, sales of electrical accessories for new energy vehicles, manufacturing and sales of intelligent basic manufacturing equipment, and manufacturing and sales of metal structures.

According to reports, the total land area of ​​the first phase of the project is about 110 mu, and the total construction area of ​​the first phase is about 70,000 square meters. The products are mainly matched with well-known car companies in the field of new energy vehicles at home and abroad.

In recent years, Wuxi Best has expanded its business through mergers and acquisitions, especially in the fields of new energy vehicles and die-casting parts manufacturing. In 2019, Best acquired a 51% stake in Suzhou Herbes, which mainly produces aluminum alloys and die-casting parts products. A long-term supplier of spare parts for BROOKS Instrument Company of the United States and EMI and other companies. This acquisition allowed Best to quickly enter Tesla’s supply chain system.

According to the data, Wuxi Best was established in 1997, and its main business is research and development, production and sales of various precision parts and fixtures. The company’s main products are key auto parts such as turbocharger precision bearings, turbocharger impellers, turbocharger middle shells, engine cylinder blocks, etc., aircraft cabin parts such as seat components, and parts used in automobiles, rail transit, etc. Field fixtures.

Wuxi Best established a die-casting workshop in 2003, investing in the development and research of aluminum alloy die-casting parts, which are mainly used in automobiles, communications, tools and other industries, forming a complete industrial chain with the company’s machining business. In the first three quarters of 2022, Wuxi Best’s main operating income was 305 million yuan, a year-on-year increase of 16.79%; the net profit attributable to the parent was 73.5643 million yuan, a year-on-year increase of 41.58%.