Shanghai New Power Automotive Technology Co., Ltd. (Former names: Shanghai Diesel Engine Co., Ltd., Shanghai Diesel Engine Factory, Shanghai Wusong Machinery Factory, etc.) was founded in 1947. It is affiliated with SAIC Group. In 1993, it was restructured into a state-controlled listed company with A-shares and B-shares traded on the Shanghai Stock Exchange.
In 2021, through major asset reorganization, the company formed a new pattern of integrated development covering two major business segments: heavy-duty trucks and diesel engines.
For the heavy-duty truck business, relying on its wholly-owned subsidiary SAIC Hongyan Automobile Co., Ltd., the company actively develops intelligent and new-energy heavy trucks, striving to become a top enterprise in the commercial heavy-duty truck sector. Through technological innovation in new energy, intelligent driving and intelligent connected systems, it aims to take the leading position in intelligent and new-energy heavy trucks.
As for the diesel engine business, it maintains its position as a leading full-range, multi-field independent supplier in China. The company continues to expand its product portfolio and explore new niche markets, further enhancing differentiated competitive advantages in new energy and intelligent connectivity. It supplies technologically advanced products for customers of commercial vehicles, construction machinery, agricultural machinery, marine equipment and generator sets at home and abroad.
The company owns a nationally accredited enterprise technology center and a postdoctoral workstation. It adopts a passenger-vehicle-grade quality management system and advanced automated & digital production lines, and vigorously promotes the construction of smart factories.
