On January 14, 2025, Ningbo Pacific Electric Control System Co., LTD., a wholly-owned subsidiary of Precision Forging Technology, and ZF China team of Germany celebrated the mass production ceremony of the first batch of in-depth localization solenoid valve (RAVP ABS+ATC) in Ningbo Electric Control. The two sides of the project began to cooperate in December 2019, and after five years of research and development verification, it was finally officially approved by ZF for mass production in December 2024 and began mass production and delivery. So far, ZF has approved the nomination of 5 projects, which marks that the cooperation between the two sides has entered the harvest stage of accumulation, and also indicates that precision forging technology will usher in new opportunities for vigorous development in the field of auto parts.
The cooperation results with the ZF team are the common success of both sides, and the teams of both sides have cooperated sincerely and made joint efforts to achieve a breakthrough from 0 to 1, laying a solid foundation for more project cooperation in the future. The RAVP ABS+ATC project delivered in this mass production will provide valuable development experience for the AMT project and the ASU control unit solenoid valve project of the Passenger Car Division, which have been designated by Ningbo Electronic Control Co., LTD., and help Ningbo Electronic Control Co., Ltd. to upgrade technology and product innovation in the field of auto parts.
Xia Hanguan, chairman of precision Forging Technology, made a special trip to Ningbo electric control to receive the ZF team, presided over the celebration ceremony, and placed high hopes on the Ningbo electric control team, he stressed that it is necessary to take the project that has started mass production as a starting point, in terms of design and development, research and development investment, production line configuration, quality management, on-time delivery, cost control, staff training, etc. Ningbo electric control team to go all out in every link, attentively invested, all work subject to quality, with a positive attitude, scientific management and reliable quality, to meet and exceed customer expectations.
After more than 30 years of striving, precision Forging Technology has innovated and grown in the auto parts industry and won the title of a single champion demonstration enterprise in the manufacturing industry, relying on the unremitting pursuit of quality and a high degree of responsibility for customers. The success of the cooperation with ZF in the field of solenoid valve has brought more opportunities for Ningbo Electric Control to cooperate in high-quality projects, such as electromagnetic control module products applied to the braking system, transmission, air suspension and other electromechanical integration, and has also injected strong impetus for the long-term development of precision forging technology.
Looking forward to the future, with the continuous deepening of cooperation between Ningbo Electric Control and ZF team, the market share of precision forging technology in the field of auto parts is expected to rise steadily. The company will continue to adhere to the quality policy of "precision forging quality, excellence, customer satisfaction, continuous improvement", continuously increase R&D investment, improve product quality, optimize customer service, return to shareholders and society with excellent performance, and forge ahead toward the goal of becoming the world's leading auto parts supplier.