I. Company Profile Since 200 1, Cheng Fei Group has cooperated closely with Tsinghua University to develop the diesel engine EFI technology. In 2003, Chengdu Weite EFI Co., Ltd. (hereinafter referred to as Chengdu Weite) was established, which marked that the development achievements of both parties entered the stage of industrialization. In the following five years, Chengdu Weite invested a lot of resources, established a domestic first-class technical development team and product manufacturing team, equipped with advanced foreign product design and development tools and trial-production equipment, and hired overseas experts who have many years of working experience in foreign automobile engine industry and are familiar with EFI technology as leaders. This team lived up to expectations. Through a lot of painstaking and meticulous development work, we have overcome one technical difficulty after another, and finally successfully developed the electronic control combined pump system, a diesel engine EFI technology suitable for the characteristics of China market. Because this technology can not only meet the requirements of national III emission regulations, but also has the appearance and interface of existing engine products, and has very competitive prices and loose use and maintenance requirements of the products themselves, it has been accepted by the domestic automobile diesel engine manufacturing industry as soon as it is introduced. At present, there are more than 0/0 automobile diesel engine enterprises, including Yuchai, Dongfeng Cummins, FAW Dachai, FAW Xichai, Dongfeng Chaochai and Beiqi Futian. , has applied Wit's electronically controlled combined pump products to their national III products. Since the second half of last year, Witt has delivered nearly 5,000 sets of products to users. Witt's domestic leading position in the field of diesel engine EFI has been recognized by the industry. The initial success of Witt products effectively impacted the monopoly position of foreign giants and began to produce social benefits.
Jiangxi Wangshi Group is a private diversified enterprise group in China, which has made great achievements in the fields of bee breeding, medical care and chemical production. In recent years, the business scope of the Group has expanded to the field of automotive electronic products. In 2006, Wang Group invested and established Chengdu Yikong Hi-Tech EFI Co., Ltd. and began to develop diesel EFI products. After more than a year's efforts, we have completed the manufacture of the product samples of the electronic control combined pump system, and invested in the construction of a production line with an annual output of 80,000 sets of batch products in Chengdu at the end of 2007, ready to enter the diesel engine EFI market on a large scale.
Wang Weite Company was jointly funded by Weite EFI Company and Wang Group, and signed a joint venture agreement on June 17, 2008. The company employs Dr. Zhu, an experienced technical expert who has worked in the American engine industry for many years and presided over the development of diesel engines equivalent to Euro IV and Euro V levels, as the general manager. The EFI system of diesel engine produced by Wang Shiwei Te Company has independent intellectual property rights. The successful development of this product can compete with multinational companies such as Bosch, Delphi, Denso, and the domestic EFI market, and get rid of the situation that China's EFI market has long relied on multinational companies, which is of great significance to the sustainable development of China's automobile industry.