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Shangchai shares officially changed its name to "Shanghai New Power Automobile Technology Co., Ltd."

On January 1, 2022, Shangchai issued an announcement that the company's name change has been officially approved by the Shanghai Municipal Market Supervision and Administration Bureau, and the company's Chinese name has been changed from "Shanghai Diesel Engine Co., Ltd." to "Shanghai New Power Automobile Technology Co., Ltd.", and the English name has been changed from "SHANGHAI DIESEL ENGINE COMPANY LIMITED" to "Shanghai New Power Automotive" Technology Company Limited”。

Shanghai Diesel Engine Co., Ltd., formerly known as Shanghai Diesel Engine Factory, was founded in 1947, is now affiliated to SAIC Motor Group, in 1993 restructured into a listed company that issued A and B shares at home and abroad, is a national large-scale high-tech enterprise engaged in the research and development and manufacture of engines, parts and generator sets, with a national certified enterprise technology center and postdoctoral workstation, passenger car standard quality management system and advanced automated production line. In the course of more than 70 years of development, Shangchai co., Ltd. has products all over the world, and currently has nine series of diesel and natural gas engines, mainly used in construction machinery, trucks, buses, power generation equipment, ships, agricultural machinery and other fields.

In 2021, the major asset restructuring of Shangchai Co., Ltd. has been successfully completed, taking into account the changes in the business structure after the completion of the major asset restructuring, and the new business scope such as new energy batteries, motors, and electric drive bridges has been added according to the expansion of the future business development plan, so the company has changed its name.

According to reports, Shangchai Power has a comprehensive layout in 2021, precise policies, won awards in many fields, won countless user praise, and exceeded 200,000 units in production and sales, etc., ending 2021 perfectly.

At the China Machinery Industry Quality Summit Forum, Shangchai Power brand Dongfeng Diesel Engine 9DF and 7H two series were both awarded the national machinery industry user satisfaction products; Shangchai Power 13E series engine won the "2021 National Vi-Duty Truck First Power", becoming the 2021 China VI-Duty Truck Power Product; the loader supporting the Shangchai 9D engine took the "Xuelong" polar research ship to the South Pole to start China's 38th Antarctic expedition.

Shangchai's digital strategy has achieved initial results, the first phase of the intelligent engine function has been launched, and the big data platform has accessed more than 140,000 vehicles. Shangchai won the "Information Consumer Product Innovation Award" in the "National Industrial APP and Information Consumption Competition" of the top event of the Ministry of Industry and Information Technology for its "Real-time Big Data Analysis Platform for the Internet of Things Based on Hadoop and OLAP Dual-Link System".

On December 20, 2021, the production and sales of Shangchai engine exceeded 200,000 units, becoming a new milestone in the development history of Shangchai Company.

Thick accumulation and thin hair, one honor after another, and one breakthrough after another are all the results of Shangchai's deep grasp of basic management, increase product development, and continuously establish future-oriented capabilities.

Looking forward to the future, the company will be committed to creating a new pattern of coordinated development of the two major industrial sectors of "heavy truck + engine", of which the heavy truck business is the platform of Shangqi Hongyan Automobile Co., Ltd., and strive to become the head enterprise in the field of commercial vehicle heavy trucks; the engine business will continue the positioning of the leading independent supplier in many fields in China, continue to invest in the product research and development, quality control, after-sales service, etc. of the engine, while strengthening the development of intelligent, new energy power and other products, and continue to develop products for commercial vehicles, engineering machinery, agricultural machinery, Small and medium-sized ships and generator set customers provide technology-leading products and quality services. (Ding Jinling)

Shangchai shares officially changed its name to "Shanghai New Power Automobile Technology Co., Ltd."

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