Weichai Torch Technology Co., Ltd.

Weichai Torch Technology Co., Ltd. was founded in 1961, its predecessor was Zhuzhou Xiang Torch Spark Plug Co., Ltd. It was listed in Shenzhen in 1993 with the stock name "Xiang Torch"; in 2003, it became China's largest spark plug production and R&D base; in 2004, it successfully acquired a complete set of equipment and patents from the American DELPHI spark plug factory, successfully ranking among the top in the world. It is now a wholly-owned subsidiary of Weichai Power, and its industry status has ranked first in the country for many consecutive years. The company's product layout focuses on spark plugs, and has formed a diversified development pattern in industries such as water pump seals, special ceramics, high-voltage ignition wire assemblies, ignition coils, filters, and generators. Among them, spark plug products have a market coverage rate of over 98% and are exported to more than 50 countries and regions including the United States, Germany, and Russia. In 2022, the annual spark plug production capacity will exceed 250 million pieces. The annual production capacity of automobile water pumps and water seals is 20 million sets. It leads the country in research and development capabilities and production and sales scale. The domestic main engine matching rate exceeds 40% and is exported to Europe, North America, South America, Japan, South Korea, Southeast Asia and other regions. The technical quality of dual silicon carbide grooved water seals for commercial vehicles and hard carbon water seals for passenger vehicles reaches the international advanced level. The development capabilities and quality level of automobile ignition coils and high-voltage ignition wire assemblies are industry-leading. The market share of natural gas engine products exceeds 60%, and a number of patents have been issued. In 2022, the annual output value will be 1.2838322 million yuan, and the tax revenue will be 54.8602 million yuan. As the secretariat unit of the Spark Plug Subcommittee of the National Automotive Standardization Technical Committee, the company has leading professional spark plugs in the industry.