The company is co-invested by Shanghai Automotive Ltd (49 percent) and the German ZFSteering Systems Ltd (51 percent). Established on November 13, 1994, the first phase involved a total investment of $40 million, with $23 million in registered capital.
In 1998, the company increased its investment by $20 million to $60 million, with $31 million in registered capital.
In 2005, the total investment reached $122 million, with $52 million in registered capital. The company is an advanced technological enterprise confirmed by the Shanghai municipal government.
Being the largest and strongest steering gear producer, the company is capable of producing steering gears, steering pumps and steering valves. It serves many automakers, including Shanghai Volkswagen, Shanghai GM and Faw-Volkswagen. It has passed ISO9002, QS9000, ISO14000 and ISO/TS16949 certification.
Address: 1 Yongsheng Road, Jiading District, Shanghai