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cliqueFocus on the development of the North American and European markets, and actively expand potential customers through market demand research, industry exhibitions and other forms; For Southeast Asia and North America, the Group launched the feasibility study of establishing a deeply vertically integrated production base, comprehensively evaluated the local industrial environment, labor resources, land taxes and fees, policies and regulations and other factors, and conducted a full-chain analysis from raw material supply, production and manufacturing process to transportation and distribution. Actively pay attention to global industry trends, quickly scan potential M&A opportunities, and make useful and powerful progress in due diligence and negotiation of overseas project targets.

cliqueA wholly-owned subsidiary, Shengmei Technology (Wuxi) Co., Ltd., was formally established. The establishment of Shengmei Technology marks the establishment of Shengmei TechnologysensorAn important step has been taken in the establishment and integration of business divisions.copyIt has technical advantages in sensor chip design, and has the ability to independently design, package and test full-range coverage and automotive-grade chips.Through the establishment of Shengmei Technology, the company not only masters the upstream chip capabilities of some sensor products, but also can produce them in batches for the companyMEMSPressure sensors, speed position sensors and other products accurately provide automotive-grade core sensitive chips. This strategic layout is not limited to the automotive field, but also focuses on expanding sensor products tootherand other emerging markets, to promote the progress of the industry with scientific and technological innovation.

In 2022, Huapei Digital Energy Technology (Group) Co., Ltd. acquired a controlling stake of 50.20% in Wuxi Shengbang by investing an additional 100 million yuan. Wuxi Shengbang specializes in the development and manufacturing of automotive sensors, with major products such as urea quality sensors and oil pressure temperature sensors, serving renowned companies like Weichai Power and FAW Jiefang. This acquisition enriched Huapei's product line, enhanced the company's competitiveness in the commercial vehicle sensor market, and advanced its strategic layout in automotive intelligence and electrification. The integration of the two companies is expected to create significant synergies, aiding Huapei's development in both domestic and international markets.

On January 11, 2019, the company made its initial public offering (IPO) of A-shares and successfully entered the capital market, with the stock code 603121, marking a significant leap in its capital market journey. By the end of this year, the company strategically acquired Wuxi Shengmaike Sensing Technology Co., Ltd. (now renamed Huapei Digital Energy Technology (Wuxi) Co., Ltd.), aggressively expanding into the commercial vehicle sensor sector. It was awarded the title of "The Most Promising Publicly Listed Company in 2019," showcasing its exceptional capabilities in technological innovation and market expansion.

In 2017, a groundbreaking ceremony for the production base was held at the Zall Aviation Industrial Park in Huangpi District, Wuhan. The production base is scheduled to officially commence operations by the end of this year. The establishment of the Wuhan intelligent production base, along with the expansion in scale, signifies a further enhancement of the company's capabilities in the automotive components manufacturing sector. This is particularly evident in the horizontal expertise in the development of automotive turbocharger housings and center housings, enabling the company to provide customers with higher-quality products and services.

In 2015, through project acquisitions, the company established sand casting capabilities and successfully entered the field of developing automotive turbocharger housings and center housings. This milestone marked the company's innovation in production processes and demonstrated its firm vision to expand its scale and enhance market competitiveness. The company serves globally renowned turbocharger manufacturers such as BorgWarner and Garrett. By applying sand casting technology, the company is able to produce higher-quality turbocharger housings and center housings, meeting global customers' demands for high-performance automotive components. Providing high-quality products and services further solidifies the company’s position in the global automotive components market.

The establishment of the new base not only provides the company with more production space, but also enables the company to integrate resources more effectively and improve production efficiency.Through the establishment of a vertically integrated production model, the realization of from:castWhole process control to finished products. This vertically integrated integration of upstream resources enables the company to respond more flexibly to market changes, shorten product development cycles, and improve product quality and cost control.

Since its establishment, the company has been established in just four years. ERPThe system was fully launched, a strategic move that greatly improved the company's resource utilization efficiency and realized the efficient integration of processes and workflows.WithERPWith the full deployment of the system, the company plans to continue to expand its scale, enhance its market competitiveness, provide customers with more efficient and intelligent solutions, and promote the company's sustainable development and industry innovation.

Under the strategic cooperation with BorgWarner, a global turbocharger manufacturer, the company successfully mass-produced OM651 series parts for turbocharging systems, which means that Sinopei's technical strength and manufacturing capabilities in the field of turbochargers have been recognized by the international market.

In the initial stage of the company, the company rented a 3,000-square-meter plant, starting from a small but full of potential factory leasing enterprises, at this stage, Huapei Power is facing fierce market competition and tight capital chain. However, the company's founder, Wu Huailei, and his team insisted on technological innovation and product differentiation, and resolutely chose the turbocharger segment.