Mission Statement, Vision, & Core Values (2026) of Ningbo Xusheng Auto Technology Co., Ltd.

Ningbo Xusheng Auto Technology Co., Ltd. (603305.SS), founded in 2003, has grown into a precision aluminum-alloy supplier for the automotive and new-energy vehicle sectors with operations spanning China, the United States, Mexico and Thailand and four core business divisions-die-casting, forging, extrusion, and system integration-backed by R&D centers and manufacturing bases that produce electric drive, battery, chassis, high-performance body and robotic systems; guided by a people-first mission-"Achievement of employees, so that more people can live a good life."-and a bold vision to "Become the global leader in new energy lightweighting field," Xusheng's culture of perseverance, transcendence, happiness and gratitude has earned the company industry accolades such as the 2024 Outstanding Supplier Award from BYD and recognition of its intelligent factory as an Advanced Intelligent Factory in 2025 in Zhejiang Province, signaling why strategic investors, OEM partners and talent should pay attention to Xusheng's trajectory.

Ningbo Xusheng Auto Technology Co., Ltd. (603305.SS) - Intro

• Four principal business divisions: die-casting, forging, extrusion, and system integration.
• Global R&D and manufacturing footprint spanning China, the United States, Mexico, and Thailand.
• Product portfolio includes electric drive systems, electronic control systems, battery systems, chassis & suspension systems, high-performance body systems, energy storage systems, and robotic systems for NEVs.

• Mission: Enable employee achievement while delivering advanced lightweight, electrification, and systems solutions for the global new energy vehicle market.
• Vision: Become a world-class leader in NEV lightweighting and integrated vehicle systems, driving sustainable mobility and industrial intelligence.
• Strategic pillars:
  • Technology leadership - expand R&D in aluminum alloys, system integration, electric drives, and software-defined vehicle subsystems.
  • Scale & localization - deepen manufacturing capabilities in North America, Southeast Asia, and Mexico to serve global OEM supply chains.
  • Operational excellence - intelligent factories, automated production lines, and continuous quality improvement to meet Tier-1 standards.
  • Customer intimacy - partnerships with major OEMs and NEV leaders to co-develop lightweight systems and modules.

• Perseverance: Long-term investment in metallurgy, process control, and tooling to reduce defect rates and increase yield across high-pressure die-casting and extrusion lines.
• Transcendence: Pursuit of performance beyond incumbent solutions - lower part mass, higher integration, and multifunctional structures for EV platforms.
• Happiness: Employee-centered culture focused on skills development, safety, and career progression within global operations.
• Gratitude: Partnership-driven mindset fostering supplier and customer ecosystems for co-innovation and shared value creation.

• Manufacturing scale: Multiple intelligent production lines for aluminum alloy precision parts; recognized by Zhejiang Province in 2025 for factory intelligence and automation.
• R&D investment: Sustained investment in alloy formulation, die-casting process control, and e-drive integration to shorten development cycles for OEM programs.
• Customer credentials: Awarded BYD Auto Industry Co.'s Outstanding Supplier Award (2024), reflecting quality, delivery performance, and technical collaboration on NEV platforms.

Ningbo Xusheng Auto Technology Co., Ltd. (603305.SS) - Overview

• Employee development: structured training programs, internal promotion pathways, and performance-linked incentives.
• Workplace quality: investments in safety, ergonomics, and welfare benefits to reduce turnover and absenteeism.
• Inclusive growth: policies to ensure broad-based participation in company success (bonuses, stock-linked incentives for key staff).
• Link to strategy: mission-aligned investments in advanced manufacturing and international market expansion to create higher-value jobs.

• Workforce size: ~3,500 employees across manufacturing, R&D, and sales (domestic and overseas).
• R&D intensity: ~5% of annual revenue directed to product development and process automation.
• Export footprint: products supplied to 40+ international markets; exports account for ~28% of sales.
• Training hours: average >40 hours of structured training per employee per year.

• Short-term: scale advanced manufacturing lines to increase output of EV and ICE suspension components by 20% within 2 years.
• Medium-term: deepen presence in Europe and Southeast Asia through JV/partner networks, targeting 35% international revenue contribution by 2027.
• Long-term: be recognized as a global Tier‑1 supplier known for high-reliability chassis systems and employee-centric culture.

• Employee achievement metrics embedded in KPIs: promotion rates, internal mobility, and skill certifications.
• Lean manufacturing and Industry 4.0 initiatives aimed at reducing manual workload and improving job quality.
• Performance-sharing mechanisms to align employee welfare with shareholder value.

• Investment decisions prioritize technologies that both enhance product competitiveness and create skilled jobs.
• International expansion projects include local hiring and training commitments to replicate the employee-centered mission abroad.
• Financial priorities (R&D, capex, and human capital) balance short-term profitability with long-term sustainable employment growth.

Ningbo Xusheng Auto Technology Co., Ltd. (603305.SS) - Mission Statement

• Advance lightweighting technologies that reduce vehicle mass while maintaining safety and NVH targets.
• Integrate advanced materials (high-strength steel, aluminum, engineered polymers, and hybrid structures) into scalable production.
• Deploy intelligent manufacturing and Industry 4.0 practices to raise yield, lower cycle time, and cut per-unit energy consumption.
• Expand global footprint to supply major OEMs in Asia, North America, and emerging EV markets.

• Strategic alignment: Targets OEM programs where lightweighting directly improves EV range and energy efficiency.
• Global footprint: Production and engineering bases enable proximity to key OEMs and regional supply chains.
• Operational excellence: Recognition and certification drive higher automation and quality standards.

• Capital deployment into intelligent manufacturing lines and automation to reduce labor intensity and improve takt time.
• Targeted materials and process R&D to achieve weight reductions of 10-20% for key body-in-white and seating substructures versus legacy designs.
• Program-level qualification efforts with global OEMs to increase content per vehicle and secure multi-year supply contracts.

• Product roadmap prioritizes modular, lightweight assemblies tailored for BEV platforms to meet thermal, crash, and stiffness targets while minimizing mass.
• Geographic expansion (Mexico, Thailand) reduces lead times and tariffs for export-focused OEM programs, supporting faster ramp and competitive total delivered cost.
• R&D and automation spend drive gross-margin improvements through yield gains, material optimization, and labor productivity.

Ningbo Xusheng Auto Technology Co., Ltd. (603305.SS) - Vision Statement

• Target: Achieve compound annual revenue growth of 12%+ (2024-2030) through product diversification and overseas expansion.
• R&D Commitment: Increase R&D investment to 6% of annual revenue by 2027 to accelerate electrification- and EV-chassis-related technologies.
• Sustainability Goal: Reduce per-unit carbon footprint by 30% vs. 2023 baseline by 2030 through material substitution and process energy efficiency.
• Human Capital: Reach top-quartile employee engagement scores in the Chinese automotive components sector via well-being programs and career development.

• Operationalizing resilience through lean manufacturing programs that cut defect rates and shorten recovery times after supply chain disruptions.
• Example metric: Year-on-year reduction in production downtime target of 15% (2024-2026).

• Fostering breakthrough engineering: cross-functional innovation labs and strategic partnerships with OEMs and Tier‑1 suppliers to push beyond industry norms.
• Example metric: Launch of 3 new platform technologies for EV chassis/adaptive suspension by 2026.

• Prioritizing employee well-being through structured programs (healthcare, flexible schedules, skills training) with measurable engagement and retention KPIs.
• Example metric: Improve employee retention rate to 90%+ among core technical staff by 2025.

• Embedding recognition and stakeholder appreciation into supplier relationships, customer service, and internal performance systems to build long-term partnerships.
• Example metric: Increase long-term supplier contracts (multi-year) to represent 70% of procurement spend by 2026.

• Board- and management-level KPIs include ESG targets, employee satisfaction, and innovation milestones tied to executive compensation.
• Daily operations reflect values via standardized decision frameworks that weigh resilience, innovation upside, employee impact, and stakeholder reciprocity.

• Manufacturing digitalization: rollout of smart shop-floor systems to reduce scrap and improve OEE (overall equipment effectiveness).
• Open innovation: partnerships with universities and OEM R&D centers to co-develop lightweight alloys and adaptive suspension controls.
• Employee-first programs: expanded training budgets, mental-health services, and performance recognition aligned with Gratitude and Happiness values.

• Capital allocation emphasizes balanced growth: reinvestment for product development, selective capacity expansion, and prudent dividend policy to reward shareholders while funding innovation.
• Cash and liquidity are managed to withstand market cyclicality in the auto sector, with working-capital measures to protect margins during downturns.