KC-SDEC

　　Shanghai New Power Automotive Technology Co., Ltd. (formerly known as Shanghai Diesel Engine Co., Ltd., Shanghai Diesel Engine Factory, Shanghai Wusong Machinery Factory, etc.) was founded in 1947 and is now under SAIC Group. In 1993, it was restructured into a state-owned holding company that issued A and B shares on the Shanghai Stock Exchange. In 2021, the company implemented a major asset restructuring to achieve a new pattern of integrated development of the two major industrial sectors of "heavy-duty trucks+diesel engines". The heavy-duty truck business will be based on SAIC Hongyan Automobile Co., Ltd., a wholly-owned subsidiary, to actively layout intelligent heavy-duty trucks and new energy heavy-duty trucks, and build itself into a leading enterprise in the commercial vehicle heavy-duty truck field. Through innovation in new energy, intelligent driving, intelligent networking and other technological fields, it will establish a leading position in intelligent heavy-duty trucks and new energy heavy-duty trucks; The diesel engine business will continue to position itself as a leading independent supplier in the entire series and multiple fields in China, continuously expand its product range, expand new segmented markets, further enhance its differentiated competitive advantages in new energy and intelligent networking, and provide technologically advanced products for domestic and foreign commercial vehicles, engineering machinery, agricultural machinery, ships, and generator sets customers.