Win Together – Beijing IAT Yazaki New Energy Technology Co., Ltd. Formally Established

Source: Author: Date:2024-11-08 Read:490

On November 4, the launch ceremony of Beijing IAT Yazaki New Energy Technology Co., Ltd. (hereinafter referred to as the Joint Venture Company) co-funded by IAT Automobile Technology Co., Ltd. (hereinafter referred to as IAT) and Yazaki (China) Investment Co., Ltd. (hereinafter referred to as Yazaki China), marks a solid step forward in the in-depth cooperation between the two parties in the field of high-voltage electrical systems for new energy vehicles (NEVs). The intelligent blueprint jointly depicted by the two parties is becoming a reality.

As the first listed and independent automotive design company in China, IAT always takes the leading position in the industry by virtue of its profound R&D capability in the whole process of vehicle and platforms, as well as its outstanding achievements in new energy intelligent platform development and core parts R&D and manufacturing. 

Yazaki Group is the world's leading automotive parts manufacturer with strong technical strength and market share in automotive wiring harnesses, intelligent cockpits, battery-related components, etc. Yazaki Group has been consecutively listed in Fortune Global 500. Its wiring harness products account for 30% of the global market share. It is easy to find its product footprint in almost all large car makers.

Mr. Xuan Qiwu, Chairman of IAT Automobile Technology Co., Ltd.

This new joint venture company not only combines the technical essence and global resources of the two entities, realizing the effective integration of resources, but also provides an important impetus to the technological innovation and market expansion of the new energy automobile industry. The joint venture company will be committed to the core technology research and development and market promotion of high-voltage electrical systems for NEVs, and is devoted to becoming a global leader in the field of high-voltage electrical systems for NEVs.

Mr. Yazaki Riku, President of Yazaki Corporation

As the “heart” of new energy vehicles, the performance of high-voltage electrical systems is directly related to the vehicle's energy efficiency, range and safety. The cooperation between IAT and Yazaki China will make full use of the advantages of both parties in technology research, manufacturing and marketing activities, etc. The joint venture company can overcome the core technical challenges of high-voltage electrical systems for NEVs, and promote the market application and popularity of such products.

 Ms. Lin Ling, CEO of Beijing IAT Yazaki New Energy Technology Co., Ltd.

According to the plan, the product development of the joint venture company in the next two years will cover the power battery system, drive system, charging and distribution system and other fields, and is expected to gradually complete the breakthroughs in core technology and the development of series product prototypes, and ultimately achieve mass production. 

Both parties will also realize in-depth synergies in technology research and development, supply chain management, market development, etc., forming a unique “R&D + manufacturing + trading” business model, and jointly promoting the prosperous development of the NEV industry.

The establishment of the joint venture company is not only an important corner stone of the strategic collaboration between IAT and Yazaki China, but also the firm confidence and common expectation of both parties for the future development of the NEV industry. IAT has always been adhering to the globalization strategy, and the establishment of this joint venture enterprise is undoubtedly the most significant step of IAT’s going global process. 

Through this cooperation, IAT will further strengthen its layout in the global NEV industry chain and contribute to the development of the global NEV industry through continuous technological innovation and market expansion.

As the cooperation goes further, both parties hope to achieve more brilliant performance in the field of high-voltage electrical systems for NEVs, and jointly lead the industry's technological change and market expansion. 

In the future, Beijing IAT Yazaki New Energy Technology Co., Ltd. will become a global leader in the field of high-voltage electrical systems for NEVs by its excellent technical strength and market competitiveness, thus injecting new vitality and momentum into the development of the NEV industry. The joint venture company will continue to make efforts in science for better cars.

News