Beijing Hainachuan Lear Automotive Systems Co., Ltd.

Beijing Hainachuan Lear Automotive Systems Co., Ltd. is a Sino-foreign joint venture established by Beijing Hainachuan Automotive Parts Co., Ltd. and the American Lear Corporation with a joint investment of 12.05 million US dollars. It is mainly engaged in the design, development, production, and sales of automotive wiring harness products, which include a full range of wiring harnesses such as generator wiring harnesses, central control wiring harnesses, floor wiring harnesses, and other related wiring harnesses. The company was formally established in 2008, located in the Caiyu Auto Parts Base in Daxing District, Beijing, with 1,500 registered employees and an annual production capacity of 400,000 vehicles. The company mainly supplies automotive wiring harness products to Beijing Hyundai, BAIC Group, Foton, and Cummins. The American Lear Corporation, founded in 1917, is one of the world's largest suppliers of automotive interior system components. Its main products' global market share status is: No. 1 in seating, No. 2 in carpet and acoustic elements, No. 2 in door panel systems, No. 3 in headliners, No. 3 in electronic products and electrical distribution systems, and No. 6 in instrument panels. Lear Corporation has more than 300 branches in 33 countries, including six global technology research and development centers. It has established 280 assembly plants in 34 countries, employing over 110,000 people. Lear Corporation entered China in 1997. Over the past decade, Lear has established factories in multiple cities across China, including Beijing, Changchun, Shenyang, Shanghai, Nanjing, Nanchang, Wuhan, Chongqing, Guangzhou, Ningbo, Wuhu, Shiyan, Xiangfan, and Liuzhou, through wholly-owned and joint venture methods. Its products cover the full product range that Lear produces globally, including automotive seating systems, automotive electrical systems, and automotive electronic systems. Beijing Hainachuan Automotive Parts Co., Ltd. (hereinafter referred to as Hainachuan Company) was jointly established by Beijing Automotive Industry Holding Co., Ltd. and Beijing Industrial Development Investment Management Co., Ltd. The company has a registered capital of 1 billion RMB, with BAIC Holding accounting for 60% and Beijing Industrial Investment Company for 40%. Hainachuan Company was registered in Beijing in January 2008. The company currently owns more than 40 auto parts enterprises, including Sino-foreign joint ventures established with Fortune 500 and internationally renowned parts suppliers such as Johnson Controls, Delphi, Lear, Visteon, BorgWarner, and Tenneco, as well as specialized production enterprises for system assembly parts established with top three domestic auto parts companies such as Shanghai Yanfeng, Zhejiang Yatai, Xuchang Yuandong, and Molds & Plastics Technology. Hainachuan Company has established harmonious, unified, group-based collaborative, mutually beneficial supply relationships with four vehicle manufacturers: Beijing Hyundai, Beijing Benz, Beiqi Foton, and BAIC Motor Co., Ltd. It has also established auto parts industry bases in Caiyu, Daxing and Yangzhen, Shunyi in Beijing.