Zhenyuan Auto Wheel releases three new products

Shandong Zhenyuan Auto Wheel Co., Ltd. held a seminar for patent products and released three new models.

The board chairman Hu Aijun said the company’s output value and net profit in 2016 rose 42% and 35%, respectively, year on year, and those in 2017 are expected to increase further.

Over the past few years, Zhenyuan applied for a number of patents of invention and utility model, reached strategic cooperation with Norbert Intelligent Equipment (Shandong) Co., Ltd. for introducing in robots, and purchased advanced equipment from a German company and constructed digitalized, intelligent factories.

In addition, the firm hired professional strategic management consultants to assist its development and sought cooperation with securities brokers to prepare for going public.

The company is also to initiate a 10-billion auto lightweight industrial park project soon.

At the seminar, Zhenyuan released three new models, namely the vacuum 15°DC ultra lightweight wheel, imitative aluminum alloy wheel and aluminum alloy wheel.

Founded in Mar. 2002, Zhenyuan is a commercial auto wheel producer with an annual capacity of 2 million sets.