A staff member shows the latest production of new energy vehicle wiring harnesses. [Photo/Taizhou Daily]
Jiangsu Loren Electronic Technology, settled in the Taizhou Medical High-tech Zone, Taizhou, Jiangsu province, engages in the field of new energy vehicle wiring harnesses. Loren saw its order volume increased by 20 percent year-on-year in the first quarter, said Xu Jin, general manager.
Xu believes this is largely due to Chinese carmaker Chery's continued hot sales, which have driven a significant increase in demand for matching wiring harnesses in the market.
Wiring harnesses are an important part of automobiles, and their accuracy and reliability directly affect the overall performance of the vehicles. The operation of every core component, including car lights, doors and windows, and the "three electric" systems — battery, motor and electronic control, relies on the stable connection of the wiring harness.
Loren not only ranks among the top three in Chery's supplier quality evaluation due to its strict control over product quality, but also holds 16 invention patents, becoming the exclusive developer of the full vehicle wiring harness for Chery's new energy vehicle models.
Loren is advancing a new round of layout with strong momentum. Its new energy vehicle wiring harness intelligent factory project based on an investment of 120 million yuan ($17.6 million) is accelerating construction. This will accommodate 358 sets of intelligent equipment and five intelligent production lines.
After the project reaches its production capacity, Loren's monthly output of automotive wiring harnesses will increase from 300,000 to 500,000, with an annual production capacity of 1.2 million sets, achieving a leapfrog improvement in market delivery capability.
Besides its main track of new energy vehicle wiring harnesses, Loren has also explored and laid out the field of humanoid robot matching. Xu said the company carried out research and development and small-scale testing work last year, and the related products are expected to achieve small-scale trial production this May.