Copyright FOURIN, Inc. 2022
W-Ibeda Increases Sales of NEV Powertrain Test Equipment and Services
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Shanghai W-Ibeda High Tech. Group Co., Ltd., established in November 1998, develops powertrain test technology, and manufactures and sells test equipment. The company's sales in 2020 increased a mere 2.0% year-on-year to 300 million CNY, showing a significant slowdown in growth compared to results prior to the outbreak of the new coronavirus infection. However, sales picked up again in the first half of 2021, going up 30.7% to nearly 85 million CNY.
As the electric vehicle market grows, W-Ibeda is expanding the development and sales of NEV powertrain test equipment. Equipment sales went up 4.1-fold in 2020 to 84 million CNY and revenues from services rose 2.3% to 44 million CNY. In anticipation of increasing demand for NEV powertrain test equipment and services, W-Ibeda plans to invest 63 million CNY to build development center and 84 million CNY to set up test center within the next two years.
W-Ibeda: Company Overview
|Company name:||Shanghai W-Ibeda High Tech. Group Co., Ltd.||
|Capital:||54.63 million CNY|
|Legal rep.:||Chairman and President Li Yin|
|Business scope:||Development, engineering, manufacturing and sales of powertrain test equipment, and related test services. ・Products: Engine test bench, transmission reliability test bench, TDI engine fuel system test bench, spark plug test equipment, engine electric test bench, engine NVH offline test bench, etc.|
|Products:||Engine test bench, transmission reliability test bench, TDI engine fuel system test bench, spark plug test equipment, engine electric test bench, engine NVH offline test bench, etc.|
|Clients:||SAIC Group, FAW, SAIC GM, GAC Honda, Changan Ford, Changan Mazda, Dongfeng Group, Foton Motor, JAC Motors, Chery Automobile, Weichai Power, Yuchai Machinery, NIO, IHI, BorgWarner, Siemens, Caterpillar, Getrag, ZF, etc.|