Taizhou Youmin Traffic Equipment Co Ltd – located in Hailing district of Taizhou city, in East China's Jiangsu province – is continuing down the path of improving the core competitiveness of its products.
Focusing on research and development, production and sales of the components, the company currently has a full order book running to October.
The increasing orders have pushed the company into building a new factory covering 54,000 square meters, equipped with a forging workshop, as well as a brake processing and assemblies workshop. There are also energy, environmental protection and energy-saving support facilities.
It's expected this will meet annual production demand for 25 million sets of components for automobiles, new electric motorcycles, electric vehicles and wheel hubs.
Moreover, dedicated efforts have been made by the company to scale up its cooperation with the world of academia. In 2021, it established its first industry-university research project with Jiangsu University, mainly developing new materials for auto air conditioning compressor cylinder bodies.
It's understood that large-scale production has now been achieved and the new materials products have been used in the new car models of customers.
"Through enterprise-university cooperation, we have further enhanced the reliability and stability of our products, with our quality goals improved by 3-5 percentage points," said Yang Pengwei, head of the company's production department.
Looking ahead, the group is aiming to operate at the international advanced level and to tap into the latest industry trends. It plans to carry out research and development of cutting-edge technologies and products for lightweight automotive aluminum parts, said general manager Tang Youmin.
Some of the components that Taizhou Youmin Traffic Equipment Co currently supplies. [Photo/WeChat account: weihailing0523]