META System (Chongqing) Co., Ltd. is a wholly-owned subsidiary of META System in China. META System is headquartered in Reggio Emilia, Italy, and is a mid-to-high-end automotive parts supplier in Europe.
META System is primarily engaged in automotive electronics and new energy vehicle components. Its main products include: safety and alarm products, on-board charging modules, electronic power modules, and connected vehicle products.
Its main customers include OEMs such as BMW, Mercedes-Benz, Porsche, Volkswagen Group, Fiat Group, and PSA Peugeot Citroën Group, as well as some first-tier automotive parts suppliers, including Denso Corporation.
In March 2015, Shenzhen Deren Electronic Co., Ltd., a company listed on the Shenzhen Stock Exchange, announced that Deren Electronics and META-Fin S.p.A. signed a Strategic Investment Agreement on March 12, acquiring a 60% stake in META System S.p.A., expanding into the automotive electronics and core components supply market, and establishing the capability and business platform to supply the global market. The transaction has now been completed. Leveraging the strong financing capability and reputation of the listed company Deren Electronics, as well as the growth momentum of the automotive electronics and new energy vehicle markets, META System's China market business will achieve leapfrog development.
Currently, the global new energy market is booming, and China is one of the leaders in this electrification wave. Due to META System S.p.A.'s strong technology in on-board charging modules and independent engineering R&D capabilities, the company has received a large number of orders and many potential cooperative customers. According to the company's strategic development plan, we have established Asia-Pacific technical alliance cooperation centers in Shanghai and Chongqing, China. The Shanghai R&D center serves as a bridgehead, maintaining close communication with the European R&D center and exploring cutting-edge technologies. Bishan District, Chongqing is currently China's production base, which will better accomplish product testing and the application of cutting-edge technologies, with an annual production capacity of 1.8 million units.
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