About Wanxiang Group Corporation
Wanxiang Group Corporation is a Chinese multinational conglomerate founded in 1969 in Xiaoshan, today a district of Hangzhou, Zhejiang Province, out of an agricultural machinery repair workshop. Its founding and still main business is automotive components: Wanxiang is China's largest manufacturer of universal joints and one of the major suppliers of bearings, drive shafts, brakes, shock absorbers and chassis modules to manufacturers worldwide.
The group organises its industrial activity through subsidiaries such as Wanxiang Qianchao, its listed components company, and has invested in the electric vehicle chain with assets such as A123 Systems battery technology and the Karma Automotive brand in the United States. Energy, agriculture and financial services businesses make Wanxiang one of China's oldest and most diversified private conglomerates.
Headquartered in Hangzhou with industrial and commercial presence in the Americas, Europe and Asia, Wanxiang supplies manufacturers such as Volkswagen, General Motors, Ford and Toyota as well as China's leading automotive groups. Its journey from rural workshop to global tier-one supplier makes it an emblematic case of China's components industry and a regular partner in international automotive programmes.
The group organises its industrial activity through subsidiaries such as Wanxiang Qianchao, its listed components company, and has invested in the electric vehicle chain with assets such as A123 Systems battery technology and the Karma Automotive brand in the United States. Energy, agriculture and financial services businesses make Wanxiang one of China's oldest and most diversified private conglomerates.
Headquartered in Hangzhou with industrial and commercial presence in the Americas, Europe and Asia, Wanxiang supplies manufacturers such as Volkswagen, General Motors, Ford and Toyota as well as China's leading automotive groups. Its journey from rural workshop to global tier-one supplier makes it an emblematic case of China's components industry and a regular partner in international automotive programmes.