SNC Engine Group "Delivering Prototypes for BYD's Hybrid New Car Project"

[Asia Economy Reporter Yoo Hyun-seok] Chinese automotive parts specialist SNC Engine Group announced on the 19th that its subsidiary Jingang Qingda Gear Co., Ltd. (hereinafter ‘Jingang Qingda’) will supply gear products for BYD’s hybrid new car project.

BYD has been producing prototypes for its hybrid new car project (project name: DM 4.0) since last year and aims to start mass production in December with an annual sales target of 200,000 units. Jingang Qingda is manufacturing all the gear prototypes required for BYD’s DM 4.0 hybrid vehicle project. The gears needed for hybrid vehicles have a complex structure and require higher precision compared to internal combustion engine vehicles. Despite a prototype production period of three months, Jingang Qingda delivered all gear prototypes on the 10th and received high praise from BYD.

Meanwhile, Jingang Qingda is also accelerating its efforts in the internal combustion engine vehicle transmission parts market. Recently, it signed a single sales supply contract with Shandong Jiexing Transmission Co., Ltd., a Chinese automotive transmission manufacturer. The contract size amounts to 5.90% of the consolidated sales in 2018.

A representative of Jingang Qingda stated, “The company possesses advanced process technology and management capabilities to supply BYD’s hybrid vehicle gear prototypes, and will swiftly respond to the rapidly changing market to become the best hybrid gear supplier. We also expect to dominate the market in the internal combustion engine vehicle gear sector with our superior technology.”

This content was produced with the assistance of AI translation services.