October 2026
Largest Automotive Parts Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Weichai Power, Fuyao Glass, Zhejiang Century Huatong, Ningbo Tuopu Group and Changan Automobile.
 | Weichai Power is a Chinese industrial group with businesses spanning powertrains, commercial vehicles, agricultural equipment and intelligent logistics. Established in 2002, the company originated from the Weifang diesel engine business. Its powertrain operations supply engines and related components, including transmissions and axles, for vehicles and industrial applications. Other group businesses manufacture commercial vehicles and agricultural machinery. Through holdings including KION and Dematic, the group also participates in forklift trucks, warehouse automation and supply chain technology. Customers include vehicle and equipment manufacturers, industrial operators and logistics businesses in China and international markets. Revenue comes from manufactured products and associated aftermarket services. The group's activities therefore extend beyond automobile manufacturing to a wider range of industrial equipment and components sold under several established brands. | $3 | +55% | $28B | $26B | 0.7x | 5.8x | ||
| Fuyao Glass Industry Group Co Ltd manufactures and sells glass to be fitted in automobiles. The company is principally engaged in providing total solutions of safety glass and automotive accessories for various transportation vehicles, including the design, manufacture, and sale of automotive grade float glass, automotive glass, locomotive glass, luggage racks, vehicle window trims, and provision of relevant services. The company's product portfolio consists of automobile glasses, such as coating glasses and others, which are applied in passenger cars, buses, limousines and others, and float glasses. The company distributes its products within domestic markets and overseas markets. Geographically, it derives a majority of its revenue from PRC. | $8 | -14% | $21B | $21B | 3.0x | 10.3x | ||
| Zhejiang Century Huatong Group Co Ltd is a China-based company engaged in three main businesses: Internet games, auto parts manufacturing, and artificial intelligence cloud data, as well as brain science research, artificial intelligence, metaverse platform and application development and investment. | $2 | -26% | $14B | $12B | 2.1x | 10.1x | ||
| Ningbo Tuopu Group Co Ltd is a China-based company that engages in the manufacturing and sale of automotive components for international and domestic automobile manufacturers. Its product lines include automobile NVH vibration control parts, acoustic systems, lightweight power chassis systems, intelligent driving systems, and thermal management systems. The company generates the majority of its revenue from the domestic market. | $6 | -43% | $10B | $10B | 2.3x | 13.2x | ||
| Chongqing Changan Automobile Co Ltd is engaged in automobile manufacturing. The company's own-brand models include Alsvin series, CS series, EADO series, RAETON series, Honor, and Oushang series automobiles and passenger cars. The company is also engaged in the research and development, production, and sales of automobile engines. It has also developed businesses such as mobile travel, automotive life services, new marketing, after-sales maintenance, and battery replacement services. | $1 | -39% | $9.4B | $4.3B | 0.2x | 3.2x | ||
| Guangzhou Automobile Group Co Ltd is a state-controlled producer of passenger vehicles, motorcycles, and auto parts. The company's activities are broadly classified into two segments; The vehicles and related operations segment include the production and sale of a variety of passenger vehicles, commercial vehicles, automotive parts, and related operations, and the Others segment includes mainly the production and sale of motorcycles, automobile finance, and insurance, other financing services, and investing businesses. The firm's operations are spread across Mainland China and Hong Kong. Its vehicles segment generates a majority of the revenues for the company. Geographically, it derives a majority of its revenue from Mainland China. | $1 | -32% | $6.3B | $7B | 0.5x | (21.1x) | ||
| Shenzhen Kedali Industry Co Ltd is engaged in Research & Development and manufacturing of lithium battery precision structural parts and automotive structural parts. | $21 | -17% | $6B | $5.5B | 2.4x | 12.0x | ||
| Zhongce Rubber Group Co Ltd is engaged in Research and development, production and sales of tire products such as all-steel tires, semi-steel tires, bias tires and car tires. | $6 | -15% | $5.6B | $7.1B | 1.1x | 7.1x | ||
| Wanxiang Qianchao Co Ltd is a China-based company mainly engaged in the production and distribution of automobile parts. It offers products ranging from parts to components to system integration, production specialization, product serialization, and supply modularity. The products include universal joints, wheel hub units, bearings, car chassis and the suspension system, brake system, transmission system, exhaust system, fuel tank, engineering machinery parts and other automotive system components and assemblies. | $1 | -19% | $4.8B | $4.9B | 2.5x | 19.2x | ||
| Ningbo Joyson Electronic Corp is a global leading supplier of automotive electronics and automotive safety. It is mainly engaged in the research and development and manufacturing of smart cockpits, smart networking, smart driving, new energy management and automotive safety. It currently has two major business divisions, automotive safety and automotive electronics, and has established an Intelligent Vehicle Technology Research Institute and a New Energy Research Institute. | $3 | -32% | $4.7B | $8B | 0.9x | 8.0x | ||
| BAIC BluePark New Energy Technology Co Ltd is engaged in the research and development, production, sales, and service of new energy pure electric vehicles and core components. The company operates under the Xiangjie, Jihu, and BEIJING brands, offering a range of models that include the Xiangjie S9, Alpha S Pioneer PRO, Alpha T5, Koala series, and others. | $1 | -43% | $4.3B | $4.3B | 1.0x | (8.6x) | ||
| OFILM Group Co Ltd is engaged in the design, research, development, production, and sale of optical and optoelectronic components. The company's products include touch display products, optical products, sensor products, smart car products, and others. | $1 | -48% | $3.2B | $4B | 1.2x | 18.5x | ||
| Changzhou Xingyu Automotive Lighting Systems Co., Ltd. makes automotive lighting and related electronics and is headquartered in the Changzhou National High-Tech Industrial Development Zone in Jiangsu. It was established in 1993, converted into a joint-stock company in October 2007 and listed on the Shanghai Stock Exchange in February 2011 under code 601799. Its products include intelligent headlights with adaptive driving beam technology, smart-cabin systems with holographic projection, AR and AI personalization, intelligent-driving products such as millimeter-wave radar, smart cameras and ADAS controllers, and lighting control modules. It has subsidiaries in Hong Kong, Foshan, Changchun, Shanghai and Chongqing and offices in Germany, Japan, Serbia, Mexico and the United States, and took part in SVOLT's Series B+ round. | $10 | -44% | $2.9B | $2.4B | 1.0x | 6.6x | ||
| Hesai Group is engaged in the development, manufacture, and sales of three-dimensional light detection and ranging solutions, or LiDAR. Its LiDAR products enable a broad spectrum of applications across passenger or commercial vehicles with enhanced driver assistance systems, or ADAS, autonomous vehicle fleets providing passenger and freight mobility services, or Autonomous Mobility, and other applications such as last-mile delivery robots, street sweeping robots, and logistics robots in restricted areas, or Robotics. Geographically, the company operates in North America, Mainland China, Europe, and Other regions. | $2 | -32% | $2.5B | $1.6B | 3.6x | 22.5x | ||
| Xiamen Intretech Inc manufactures family entertainment control equipment, man-machine interface control equipment, computer automatic storage equipment, automotive electronics and related electronic products. Its overseas business is mainly on Original Design Manufacturing (ODM) and Original Equipment Manufacturer (OEM) business with global brand products. | $3 | +9% | $2.3B | $2.6B | 4.1x | 19.3x | ||
| Autel Intelligent Technology Corp Ltd is an automotive electronic products manufacturer. It is engaged in production, sales and service of automotive intelligent diagnosis, detection and analysis systems and automotive electronic components. The company's products include diagnostic products, ADAS series products, Tire Pressure products, Anti-Theft products and other products. | $3 | -38% | $2.2B | $2.1B | ||||
| Beijing Bdstar Navigation Co Ltd operates in the satellite navigation industry. The company provides navigation and positioning products, solutions and services for users around the world. Its product line consists of fundamental products, automotive electronics, and specialized application. Bdstar's fundamental product line focuses on the development, application, and promotion of navigation positioning chips, modules, boards, antennas and MWDC components. Bdstar's automotive electronics include infotainment system, reconfigurable instrument cluster, display audio, and radios. In addition, the company also provides industry application and operational services. | $4 | -5% | $2.2B | $2B | ||||
| Jiangsu Leili Motor Corp Ltd is a China based micro-motor supplier. It specializes in offering stepping motors, brushed and brushless DC motors, synchronous motors and different kinds of micro-pumps; besides, precision module parts, driving control design and micro-motor solutions. The products of the company are used in the industries of automotive, industrial industry sports and fitness, among others. The products of the company are sold in China, and other countries. | $3 | -46% | $1.9B | $1.9B | ||||
| Jiangsu Zenergy Battery Technologies Group Co Ltd is a lithium-ion battery manufacturer in China. It is engaged in developing a multi-pathway portfolio of market-driven and technology-fueled battery products. It focuses on the Research and development, production, and sales of EV battery products, ESS battery products, and aviation battery products. It also provides integrated battery solutions, encompassing battery cells, modules, packs, racks, and battery management systems dedicated to applications of electrochemical products to interconnect land, sea, and air (LISA). | $0 | -59% | $1.3B | $1.6B | ||||
| Camel Group Co Ltd is engaged in the research and development, production, sale, and recycling of lead acid batteries. It produces various types of batteries, including flooded automobile battery, AGM battery, flooded traction battery, lithium-ion battery, and pure lead battery. Its products are widely used in automobiles, agricultural vehicles, ships, forklifts, and various special purposes. | $1 | -26% | $1.2B | $1.2B | ||||
| Heilongjiang Tianyouwei Electronics Co Ltd is engaged in the research and development, design, production, sales and service of automotive instruments, and gradually expands into the field of smart cockpits. The company products include electronic instrument clusters, full LCD instrument clusters, dual-screen instruments, in-vehicle infotainment systems, in-vehicle air-conditioning controllers, in-vehicle wireless chargers, automotive electronics development services, etc. | $7 | -45% | $1.2B | $798M | ||||
| Jiangsu New Vision Automotive Electronics Co Ltd is principally engaged in research and development and production and sale of head-up display (HUD) solutions, testing solutions and other initiatives. The company provides solutions that are centered on CyberLens, its windshield HUD (W-HUD) solution, and CyberVision, its augmented reality HUD (AR-HUD) solution, supplemented by testing solutions and other visual technology initiatives. It derives revenue from the Sales of HUD solutions, mainly from CyberLens. | $7 | -- | $914M | $844M | ||||
| Zhejiang Vie Science and Technology Co Ltd is engaged in the research and development and manufacture of auto parts. Its products include brake master cylinder, hydraulic brake and clutch control products. | $1 | -28% | $735M | $676M | ||||
| Jiangsu Riying Electronics Co Ltd is engaged in the development of automotive and motorcycle related products and other related solutions in China. Its products mainly include automotive cleaning systems, precision injection molded parts, automotive electronics, automotive wiring harnesses and high voltage distribution boxes, ambient lights, washing systems, and others. | $6 | -1% | $686M | $759M | ||||
| Shenzhen Deren Electronic Co Ltd is a China-based company principally engaged in research, development, manufacturing, and sales of connectors and precision components for home appliance, consumer, and automotive electronics, and telematics technology. Their products include electronic connectors, electronic wire harnesses, precision molds and automotive electronics. Geographically, the company has its business presence in China and other international countries. The organization has three business groups, Home appliance and Consumer Electronics Business Group, Automotive Electronics and Electrics Business Group and Telematics Business Group. | $1 | -14% | $539M | $631M | ||||
| ECARX Holdings Inc is engaged in the sales of system-on-chip core modules, automotive computing platform products, and software stacks as well as the provision of research and development services in the People’s Republic of China. The company’s core products include infotainment head units, digital cockpits, vehicle chip-set solutions, a core operating system, and an integrated software stack. Beyond this, ECARX is developing a full-stack automotive computing platform. It is engaged in automotive intelligence and networking. | $1 | -66% | $335M | $867M | ||||
| China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of its revenue from China. | $5 | +6% | $136M | $166M | ||||
| iMotion Automotive Technology (Suzhou) Co Ltd is an autonomous driving solution provider in China with a focus on AD domain controllers. It offers autonomous driving solutions and products, and also provides OEMs with various AD domain control units. The company's autonomous driving domain controller (AD domain controller) solutions typically include (i) AD domain controller; (ii) associated sensors, which the company procure from third-party suppliers and integrate into its solutions; (iii) integrated software, algorithms and functions; and (iv) relevant services such as sensor implementation, vehicle systems integration, and function testing and validation. The company generates the majority of its revenue from Autonomous driving solutions and products. | $0 | -76% | $58M | $90M | ||||
| IMS Group Holdings Ltd is engaged in the sale of light-emitting diode (LED) lighting fixtures and visual-audio systems, the provision of integrated LED lighting solution services, project consultancy, LED lighting system maintenance services, the sale of 3D printing materials, and the provision of 3D printing services. Geographically, it operates in Hong Kong, the PRC, Asia, Europe, and Others, with the majority of the revenue deriving from the PRC. | $0 | -13% | $4M | - | ||||
| Median | $3 | -30% | $2.3B | $2.2B | 1.3x | 7.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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