Jiangsu Bingkaifu Auto Parts Manufacturing, located in the Taixing Huangqiao Economic Development Zone in Taixing city, East China's Jiangsu province, saw its order volume in the first quarter increase by a hefty 12 percent year-on-year.
Focusing on the research, design and production of microchannel heat exchangers, the company has a technical team of over 20 people and its annual production capacity has now reached 1 million units.
While consolidating its advantages in the field of automotive air conditioning, the company also plans this year to accelerate its expansion into emerging markets, such as data center circulating cooling.
Its strategy was revealed during a visit by a delegation from the Taixing Bureau of Industry and Information Technology.
An exterior view of the stylish offices of Jiangsu Bingkaifu Auto Parts Manufacturing. [Photo/WeChat account: gh_07a864197818]
"Although we experienced an increase in order volume in Q1, due to fluctuations in international raw materials prices, our company saw costs increase by 8 percent year-on-year," said Song Yongtong, general manager of the company.
But through such measures as optimizing its supply chain management and increasing investment in research and development, the company is actively responding and continuing to make breakthroughs in automotive air conditioning, heat pump water heaters and other fields, Song added.