The production line of Jiangsu Mabona Drivetech Co Ltd in Hailing Industrial Park. [Photo/WeChat account: gh_4df9b5f9b40b]
Jiangsu Mabona Drivetech Co Ltd, based in Hailing Industrial Park in Taizhou, has recently been operating at full capacity to meet orders and expand its market share.
Mabona Drivetech specializes in researching and manufacturing essential power transmission components, and is recognized for its flagship product — all-terrain vehicle engine cases.
Capitalizing on its unique advantages in the high-displacement niche, the product has attracted partnerships with BMW, Mercedes-Benz, Volvo, and Great Wall.
Liu Yueping, deputy director of the company's machinery workshop, said, "From January to May, our foreign trade orders grew by about 15 percent compared to the previous year, indicating ongoing positive momentum."
In 2024, Mabona Drivetech further optimized its new product development strategy, launching 131 innovative products that generated over 20 percent of profit growth. Technical director Yuan Jun stated that the company allocated 10 million yuan ($1.39 million) for R&D this year, aiming to develop more than 100 new products.
Official data indicates the company recorded 200 million yuan in invoiced sales from January to May, reflecting a 15 percent year-over-year growth.
In the second half, we will focus on developing large-displacement engine cases, specialized power engine housings, and drone shaft-gear components," said general manager Hu Guangxin. "This effort aims to achieve an annual sales target of 500 million yuan.