Joyson Electronics Focuses on Smart Cockpit and Connected Businesses

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Joyson Electronics China automobile electronics e-mobility auto safety systems electrical components coronavirus Covid-19 semiconductor shortages material costs transportation costs sales revenue operating profit margin sales composition ratio financial performance business developments demand for safety system parts R&D center Ningbo Joyson Intelligent Automotive Research Institute FAW Group Hikrobot HUAWEI Black Sesame Technologies 51 WORLD subsidiary Anhui Joyson Automotive Safety Systems environmental assessment report factory plans annual production capacity steering wheels airbags Pyrotechnic Battery Disconnect (PBD) Electronic Control Unit (ECU) Battery Management System (BMS) Advanced Manufacturing Fund Hefei Jianheng New Energy Investments Partnership Feixi Industrial Investment Holdings Level 2 and Level 4 autonomous driving domain controllers functional modules commercial production Ningbo Zhejiang province Preh Group Ningbo Chancheng Investment Management Ningbo Nanxin Industry Investment Development management systems for supercapacitors CRRC Ningbo Junxi Investment Management Nanjing Boge Automotive Technology Services charging and power distribution parts for NEVs software and algorithm development environmental assessment report Shanghai Lingang Joyson Safety Systems Ningbo Preh Joyson Automotive Electronics Co., Ltd. Ningbo Chancheng Joyson New Energy Technology Co., Ltd. Ningbo Joyson New Energy Automotive Technology Co., Ltd. Automotive Systems Co., Ltd. Ningbo Junlian Zhixing Zhejiang Technology Co., Ltd. Ningbo Joyson Automotive Safety Systems Co., Ltd. Anhui Joyson Automotive Safety Systems Co., Ltd. Ningbo Joyson Intelligent Automotive Research Institute Co., Ltd.

Joyson Electronics is a Chinese supplier of auto electronics, intelligent driving, e-mobility and auto safety systems. In the first nine months of 2021, sales went up 0.7% year-on-year, to 34.11 billion CNY thanks to rising demand for safety system components and electrical and electronics parts. However, operating profit was in the red at 210 million CNY due to the reemergence of the new coronavirus infection, semiconductor shortages, and rising raw material prices and transportation costs. In anticipation of market growth in the connected and autonomous driving sectors, Joyson Electronics set up its own research institute in July 2021 and has been actively setting up business alliances with various automakers, parts suppliers and IT companies.