Wanfeng Auto Holding Group

Wanfeng Auto Holding Group (simplified Chinese: 万丰奥特控股集团; traditional Chinese: 萬豐奧特控股集團), fully referred to as Wanfeng Auto Holding Group Co., Ltd., headquartered in Xinchang County, China, is a parts and equipment manufacturer for the automotive industry, and energy saving. The company was founded in 1994[2] by Chen Ailian.[3] It manufactures lightweight metal parts: aluminium wheels and magnesium alloy materials, and provides environmental protection coatings, hybrid vehicle and electric vehicle assembly and powertrain systems, technical services and control systems. It is involved in aircraft manufacturing and research & development, airport construction and management and general aviation operations: aerial sightseeing, air sports and flight training services.[4]

Wanfeng Auto Holding Group Co., Ltd.
Native name
万丰奥特控股集团
TypePublic
Industrymanufacturing
Founded1994
FounderChen Ailian
HeadquartersXinchang County, China
Key people
Chen Bin (Chairman)
Productsautomotive, aviation, industry, real estate
Servicesfinance
Number of employees
12,000[1]
Websitewww.wfjt.com
Wanfeng Auto Holding Group Co., Ltd.
Simplified Chinese万丰奥特控股集团
Traditional Chinese萬豐奧特控股集團
Literal meaningWanfeng Aote Holding Group

It supplies industrial automatic gating systems, low pressure and gravity die cast machines and auxiliary equipment, with consulting and maintenance and repair services, and provides automation for auto and heavy industries and industrial robot intelligent equipment. It provides private equity, hedge fund and finance leasing services. It designs, develops, and constructs real estate properties and services high-rise buildings, multi-story residences, villas, office buildings, community and commercial buildings and government properties.[4]

It is amongst the Chinese Private Enterprises Top 500 (#123) and China Auto Industry Top 30 (#18).[1] It is listed on the Shenzhen Stock Exchange and is a part of the SZSE 200 Index.

From 2018 to March 2020, Wanfeng Auto Holding Group illegally occupied more than 1.1 billion yuan of funds from its subsidiary Wanfeng Auto Wheel. On June 22, 2020, Zhejiang Securities Regulatory Bureau issued a warning letter to Wanfeng Auto Holding Group.[5]

References
  1. "Diamond Aircraft Group acquired by Wanfeng Aviation Industry" (Press release). Diamond Aircraft. 23 December 2017.
  2. "Chen Ailian | EY - Global". Ernst & Young. March 9, 2016.
  3. Lan Lan (August 8, 2007). "Wheelmaker seeks global contracts". Automotive News. Archived from the original on September 15, 2023.
  4. "Company Overview of Wanfeng Auto Holding Group Co., Ltd". Bloomberg. December 27, 2017.
  5. "Wanfeng Auto Holding Group Receives a Warning Letter from Zhejiang Securities Regulatory Bureau". Economic Daily. June 29, 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.