ThyssenKrupp Steering Systems (Changzhou) Co., Ltd.

ThyssenKrupp Steering Systems (Changzhou) Co., Ltd., affiliated with the ThyssenKrupp Group, is a wholly-owned subsidiary of ThyssenKrupp, a Fortune Global 500 company. Located at Yingping Road, Xinbei District, Changzhou, it covers an area of 120,000 square meters. The company was established on February 15, 2015, and started production in January 2016. Its registered capital is 116.82 million euros, with a total investment of 338 million euros. ThyssenKrupp Steering Systems (Changzhou) Co., Ltd. focuses on manufacturing automotive electric power steering systems, providing customers with complete steering system solutions. Our products cover column electric power steering systems, dual-pinion electric power steering systems, rack electric power steering systems, and deep processing of these systems such as cold forging, injection molding, and metal machining. We possess advanced and competitive technical expertise, holding an absolute leading position in this technical field. The company was established with smart workshop standards, which not only expanded production scale and improved production efficiency, product capacity, and product quality, but also reduced energy consumption, achieving green development. We have state-of-the-art automated production lines exemplary of Industry 4.0. Based on these advanced technologies, our customers include top domestic and international automobile manufacturers such as Mercedes-Benz, Geely/Volvo, Ford, Renault-Nissan, Volkswagen, SAIC-GM-Wuling, BAIC, FAW, Mazda, among others. The plant is divided into Phase I for electric power steering business, Phase II for cold forging business, and Phase III for expansion of the electric power steering business. In 2016, the company achieved sales of RMB 620 million; in 2017, sales reached RMB 920 million; in 2018, sales revenue reached RMB 1.8 billion; in 2019, sales revenue reached RMB 2.3 billion; and in 2020, sales are expected to reach RMB 2.8 billion.

ThyssenKrupp Steering Systems aims to become the preferred partner for customers, provide satisfactory returns to shareholders, and share the fruits of success with employees.