Wenzhou Bay New Area company leads automotive electronics industry

The business scope of Changjiang Automotive Electronic mainly comprises four parts. [Photo/Tide News]

Zhejiang Changjiang Automotive Electronic Co Ltd, based in Wenzhou Bay New Area, is an emerging leader in the research, development, and manufacturing of various automotive electronic switches, central control panels, and intelligent cabin systems.

Last year, the company recorded impressive results, producing over 100 million switches and surpassing an annual output value of 5 billion yuan ($691.56 million), marking a 36 percent growth rate.

Central control panels developed by Changjiang Automotive Electronic. [Photo/Tide News]

Among the key factors contributing to the company's success is its continuous emphasis on technological innovation. According to Liu Kebin, director of the company's electronic research institute, Changjiang allocates 10 percent of its total output value to research and development annually. As a result, the company introduces about 2,000 new products to the market each year.

The company's commitment to talent development has been another critical factor in its success. Huang Zhigang, the company's board secretary, said their R&D team has grown to over 2,000 members, constituting 20 percent of the company's total workforce.

Employees work at a factory of Changjiang Automotive Electronic. [Photo/Tide News]

Established in 2009, Changjiang Automotive Electronic initially focused on producing basic electronic switches. Over the years, the company has expanded its offerings to include control modules, active safety systems, and intelligent connectivity solutions. This expansion has resulted in a diverse clientele, including automakers such as Volkswagen, General Motors, Mercedes-Benz, Land Rover, and Tesla.