JF Sanci Company Introduction

JF Sanci Company (formerly known as Zhejiang CRRC Sanci) was established on December 12, 2020, with its registered address in Haining City, Jiaxing City, Zhejiang Province. The registered capital is 279 million yuan. It is a high-tech enterprise specializing in research, development, manufacturing, and sales of new energy drive systems, wind power generation equipment, and core components for rail transit. As one of the first batch of “Double Hundred Actions” reform demonstration enterprises in the country, it integrates state-owned enterprise resources with market mechanisms, holding a leading position in the new energy commercial vehicles, construction machinery, and wind power sectors.

I. Corporate Background and Development History

CRRC Zhuzhou Electric Co., Ltd., a subsidiary of CRRC, and several strategic investors jointly established JF Sanci. It is the first mixed-ownership reform enterprise of CRRC with employee shareholding without a controlling stake. The company, relying on the technical accumulation of CRRC Zhuzhou Electric, successfully introduced eight strategic investors, achieving a complementary advantage of state-owned and private capital, and accelerating the layout and development of the new energy drive industry.
In 2023, the company completed a brand upgrade, renaming from “Zhejiang CRRC Sanci Electric Co., Ltd.” to “Zhejiang Sanci Electric Co., Ltd.”, and established three wholly owned subsidiaries: Shanghai Jifeng Sanci, Zhuzhou Sanci, and Inner Mongolia Sanci, forming an industrial layout covering the Yangtze River Delta, Central China, and North China.

II. Core Business and Product System

The company’s main business covers three major sectors:

• New Energy Vehicle Drive Systems
• Products cover buses, passenger cars, trucks, special vehicles, and non-road machinery, with nine permanent magnet motor platforms from TZ180 to TZ460, and an annual production capacity of 100,000 drive motors.
• Key customers include ZF, Geely, BYD, LiuGong, Zoomlion, and it has become the only domestic supplier of drive motors for commercial vehicles for ZF.
• Wind Power Generation Equipment
• Develops doubly fed wind generators ranging from 1.65MW to 5 MW, suitable for all terrains and climates, with main customers including Envision Energy, Zhejiang Windey, and other leading wind power companies.
• Rail Transit and Energy-Saving Equipment
• Provides rail transit-specific motors, key system components, and expands into emerging fields such as energy storage and smart grids.

III. Technology Research and Development and Intelligent Manufacturing

The company adheres to the development concept of “Digital Technology, Low-Carbon Life, Driving the Future,” and has built an industry-leading R&D system:

• R&D Capability: It has a CNAS-certified laboratory, covering 81 test standards, with full-process simulation capabilities in electromagnetics, fluids, mechanical structures, etc.
• Intelligent Manufacturing: It has built a green digital factory, equipped with automated production lines and intelligent warehousing systems, and has passed ISO 9001 (Quality Management), ISO 14001 (Environmental Management), and ISO 45001 (Occupational Health and Safety) system certifications.
• Patent Technology: It has applied for 71 patents, covering core technologies such as motor cooling and demagnetization steel fixtures, including innovative designs like the “Integrated Multi-Channel Temperature Control Flow Oil Cooler.”

IV. Market Layout and Strategic Planning

Domestic Market: Products are widely used in the fields of new energy commercial vehicles, construction machinery, and wind power. In 2021, it achieved sales revenue of 301 million yuan, and it is expected that by the end of the “14th Five-Year Plan,” the revenue will reach 1.5 billion yuan, with an average annual compound growth rate of 36%.

International Market: It has in-depth cooperation with international companies such as ZF of Germany and Punch of Belgium and has expanded into the North American and European markets. In 2023, the global energy storage battery shipment volume reached 43.6 GWh.

Production Capacity Planning: The Haining base has a total investment of 540 million yuan, planning for 7 battery production lines and 15 PACK assembly lines, with an expected annual output value of 1.68 billion yuan after reaching production capacity.

V. Corporate Culture and Social Responsibility

The company adheres to the business philosophy of “Innovation Driven, Digital Intelligence, Efficient and Capable, Value Creation,” and is committed to becoming a leader in the global new energy drive industry. At the same time, through industry-university-research cooperation (such as establishing a lithium battery R&D base with Tsinghua University and Central South University), it promotes the commercial application of cutting-edge technologies such as solid-state batteries.