Company Profile of Hunan CSR Times Electric Vehicle Co.

Hunan CSR Times Electric Vehicle Co., Ltd. is a high-tech enterprise specializing in the research and development, testing and manufacturing of electric vehicles and key components, with a registered capital of 160 million yuan and existing net assets of 16,335.38 million yuan. The company was founded in July, 2007, by CSR Zhuzhou Electric Locomotive Research Institute Limited, Hunan High-tech Venture Capital Co., Ltd, Sany Group, Hunan High-tech Venture Capital Development Co., Ltd, Tsinghua Kewei International Technology Transfer Co.

The company is located in Zhuzhou National High-tech Development Zone Liyu Industrial Park, covers an area of 288 acres, to electric vehicle electric drive train and key components technology engineering as an entry point, is committed to providing electric vehicle industry with electric drive train system solutions, through the modularization of electric vehicle electric drive train and key components of the series of development and design and batch manufacturing, to become a Through the modularization, serialization development, design and mass production of electric drive train and key components for electric vehicles, we have become the preferred supplier of key electric drive train components for the electric vehicle industry. With the strategy of technology and market differentiation, we develop and design electric vehicles that meet the characteristics of electric vehicles and satisfy the specific purposes of electric vehicles, so as to become a first-class professional manufacturer of electric vehicles in China.

CSR Zhuzhou Electric Locomotive Research Institute, as one of the main sponsors of the company, is a recognized leader in the field of rail transit electric drive technology and products in China, and in early 2002, it expanded its long-accumulated core technologies in the field of rail transit (electric motor and its control technology, converter technology, network control technology, etc.) to the field of electric vehicles, and successively undertook more than ten major special projects for the National 863 Electric Vehicle, and has been oriented towards the development of electric vehicles. It has successively undertaken more than ten national 863 major projects on electric vehicles and transformed the scientific research results into products for the market, thus gradually forming a strong R&D, engineering and industrialization capability of electric vehicles. The company is the first batch of new energy vehicle manufacturers approved by the state, and is also the industrialization base of National High Technology Research Program, the undertaking unit of many projects of National Electric Vehicle Major Special Project, the industrialization base of National Torch Plan, the member of Electric Vehicle Sub-committee of National Automobile Standardization Committee, and the leading undertaking unit of Hunan Province's "Eleventh Five-Year Plan" Major Special Project of Electric Vehicle. It is also a member of the National Automobile Standardization Committee Sub-committee on Electric Vehicles, the lead unit of the major special project on electric vehicles in Hunan Province, and the supporting unit of Hunan Electric Vehicle Electric Transmission Engineering Center.

In August 2007, the construction of the electric vehicle industrialization base with a total investment of 720 million yuan and an area of 288 acres was started, and in May 2008, the first phase of the new base was completed, with a floor area of 32,000 square meters, including 25,000 square meters of vehicle joint plant, 7,000 square meters of integrated laboratory and parts workshop, forming an annual production capacity of 3,000 hybrid buses, 3,000 electric drive systems and key components. In March 2010, CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd, the controlling shareholder of the company, and Liaoning Shuguang Automobile Group Co., Ltd signed a framework agreement on energy-saving and new energy automobile project joint venture cooperation. After the cooperation, the company will accelerate the development of the second phase of the project, and plans to form an industrialization scale with an annual output of more than 10,000 new energy buses and 20,000 sets of motor drive systems and other key components within two years.

The company has 325 employees, of which 26.76% are college degree holders, 37.85% are undergraduate degree holders, and 6.15% are graduate degree holders; 77.85% are 35 years old or below, 20.61% are 36-45 years old, and 1.54% are 45-50 years old. The company now has 7 members above the senior management, including 1 doctorate, 2 masters, 3 undergraduates and 1 junior college.

The company has perfect testing and inspection means. Built a domestic first-class electric vehicle testing and inspection center, the key equipment all introduced from abroad, can be complete electric vehicle power system and parts ground test, the company also has a domestic first-class vehicle performance testing means, to ensure that the vehicle to meet the national standards and user requirements. The company and CSR Times*** enjoy a number of international leading and domestic first-class product testing centers with advanced equipment and facilities, such as the application laboratory of converter technology, control technology and computer control system development laboratory, electromagnetic compatibility laboratory.

The Zhuzhou Electric Vehicle Demonstration and Operation Company, which is controlled by the company, opened the second electric vehicle demonstration and operation bus line in Zhuzhou in 2004, which provides a mobile test platform and an operation mode research platform for the optimization and upgrading of the whole vehicle, system integration and key components, and it has successively assumed and successfully completed two national 863 plan electric vehicle demonstration and operation research projects, and was praised by Wan Gang, the Minister of Science and Technology of the PRC, as "the best electric vehicle demonstration and operation company in China". Wan Gang, Minister of the Ministry of Science and Technology of the People's Republic of China, praised it as "Zhuzhou Model". The company is the subject undertaking unit of the major project of National 863 Program on Energy Saving and New Energy Vehicles, "Research on Large Scale Demonstration and Operation of Electric Vehicles in ChangZhuTan National Two-Type Society Pilot Zone".

The company, as a comprehensive solution provider for electric vehicles, has always focused on providing optimal solutions and products for the improvement of electric vehicle technology. The company has strong self-development, continuous innovation and professional manufacturing capabilities in the three core R&D levels of electric vehicles, including key components such as drive motor systems, electrical systems such as hybrid power systems and vehicle integration. The company has eight key electric vehicle technologies: electric bus vehicle integration technology; large and medium-sized vehicles, pure electric, trolley buses, hybrid electric system integration technology; series/parallel hybrid system technology; vehicle drive motor system technology; vehicle energy (lithium batteries, nickel-metal hydride batteries, supercapacitors, etc.) application technology; electric vehicle network control technology; electric vehicle vehicle and ground charger technology; electric vehicle auxiliary system (steering); and electric vehicle control system (steering) technology. Electric vehicle network control technology; - electric vehicle on-board and ground charger technology; electric vehicle auxiliary system (steering system, braking system, high and low voltage conversion power supply, etc.) integration technology. The company is the only enterprise in China that owns hybrid bus resources, key components core technology and power system technology platform at the same time.

The company's bus electrical system products have covered four categories: series/parallel hybrid city buses, trolley buses, pure electric buses, and PLUG-IN electric buses; and the core components-permanent magnet motors, asynchronous traction motors, motor controllers, intelligent charging motors, reduction gearboxes, DC/DC converters, vehicle controllers, battery management systems, etc., have all been successfully applied to 9 buses. The core components - permanent magnet motor, motor controller, intelligent charger, gearbox, DC/DC converter, vehicle controller, battery management system, etc., have all been successfully applied to various types of urban electric buses from 9 to 16 meters, and are expanding to light buses and passenger cars. The whole vehicle products have covered 10-12 meters of series-connected and parallel-connected hybrid city buses, 9-12 meters of diesel-powered city buses, and 10-12 meters of highway, tourist and group buses.

The company is the largest supplier of electric vehicle systems and components for the Beijing Olympics. The 58 sets of electrical systems, 50 sets of battery management systems for pure electric buses, pure electric luxury business vehicles and fuel cell buses in the central area of the Olympic Village, as well as 240 chargers for Asia's largest ground-based charging station were all supplied by the Company. In addition, during the Olympic Games, the company also provided 420 sets of motor drive systems for Beijing trolley buses. The company won the honorary title of "Beijing Olympic Games Transportation Protection Unit" with the excellent performance of "zero complaint" and "zero accident".

In June 2008, the company signed a purchase agreement for 140 hybrid buses with Zhuzhou City Bus Company. in July and December 2008, the first batch of 10 tandem hybrid buses and 10 parallel hybrid buses were delivered and used successively. in April 2009, the company signed a ****500-unit hybrid In April 2009, the Company signed a ****2009 framework agreement with Changsha, Zhuzhou and Xiangtan Public Transportation Company for the purchase of 500 hybrid buses. The company has delivered 380 hybrid buses to the three cities' public transportation companies.

The company is an important strategic partner of the State Grid Corporation's action plan for the promotion and application of electric vehicles, and the pure electric light-duty vehicles developed by the company, such as pure electric mobile trolley buses and power engineering command vehicles, have been awarded the procurement projects of the power grid companies in Hunan, Tianjin, Sichuan, Shanxi, Ningxia and other places.

The company has established a comprehensive business relationship with Beijing, Shanghai, Guangzhou and other urban public transportation systems, in addition to the Beijing Olympics, the company successfully entered the Shanghai World Expo market in October 2009, and has obtained 50% of the pure electric electric electrical system market orders for the World Expo, 50% of the orders for the ground charger, 100% of the orders for the supercapacitor electrical system market orders and 100% of the orders for the World Expo parade float system. The company has completed the delivery of all the products ordered by the World Expo. The company is an important supplier of electric vehicle electrical systems and key components for mainstream bus factories, such as Yutong, Zhongtong, Ankai, Youth Bus and Yangzhou Yaxing.

In 2010, the company is expected to realize sales revenue of 580 million yuan and profit of 58 million yuan; in 2011, the company is expected to realize sales revenue of 760 million yuan and profit of 80 million yuan; in 2012, the company is expected to realize sales revenue of 920 million yuan and profit of 100 million yuan. The average annual growth rate of sales revenue will reach 46%.