Incorporating Bohai Pistons Anniversary BAIC's secret parts listing platform

On June 25, Bohai Pistons (600960.SH) will join the "BAIC Group" for a full year. During this year, BAIC Group has transformed this listed company whose main business is automobile piston manufacturing into something "unrecognizable". The "mysterious" role played by Bohai Pistons in the entire group has gradually become clear.

Never thought that his pistons are so good

Every year, June 23 is the International Olympic Long-distance Running Day. The purpose of the anniversary is to encourage all people in the world to participate in sports activities and enjoy the health and charm of sports. When it comes to sports, for a car, the first thing that comes to mind is its engine and gearbox. Imagine if a "sports meeting" is held in the subdivision of the autonomous compact 7-seater SUV, then the biggest seed runner to win this long-distance race is undoubtedly the first 7-seat SUV of Dongfeng Fengxing that was unveiled at the Beijing Auto Show not long ago ——SX6 is popular now.

Johnson Controls and Bohai Pistons form a joint venture company

(Original title: Johnson Controls and Bohai Pistons form a joint venture company) Since Johnson Controls signed a memorandum of understanding with BAIC’s subsidiaries last year and planned to jointly establish a joint venture for automobile battery sales and production, this cooperation project has made substantial progress earlier this month. Johnson Controls announced the establishment of a joint venture with Shandong Bohai Piston, a subsidiary of BAIC. Jointly build a car battery manufacturing plant. It is understood that the new plant is located in Binzhou City, Shandong Province, and will serve vehicle manufacturers and aftermarket customers. The new plant has a total investment of 200 million U.S. dollars. After the production capacity is fully released, the number of employees will reach 650. It will mainly produce traditional automotive liquid-rich batteries and adsorption-type glass fiber separator (AGM) batteries. AGM batteries are suitable for car start-stop systems, which can increase fuel efficiency by up to 5%. The new plant is scheduled to start construction in 2017 and will be put into operation two years later. It is expected that the annual production capacity will reach 7.5 million batteries. "China will become the world's largest automotive battery market by 2020. Johnson Controls and Bohai Pistons will further deepen their strategic deployment and jointly open up the Chinese market." said Mr. Joe Welich, President of Johnson Controls Energy Power Business. At the same time, Lin Fenghua, chairman of Bohai Pistons, believes that the joint venture project combines the advanced technology and manufacturing process of Johnson Controls with the huge market demand of BAIC Group's various platforms and aftermarkets. In addition, Binzhou City, Shandong Province provides it with good Investment environment and location advantages.