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ZHEJIANG ASIA-PACIFIC MECHANICAL & ELECTRONIC CO LTD

002284.CSCNY
9.26-29.9%1Y · CNY

Zhejiang Asia-Pacific Mechanical & Electronic Co., Ltd. develops, produces, and sells automotive parts and accessories in China and internationally. Its products include basic automotive brake systems, chassis electronic intelligent control systems, wheel motors, and wire-controlled chassis. The company also offers electronics, intelligent driving systems, hub motors, brake calipers, brake discs, disc brake assemblies, drum brakes, pumps, and commercial vehicle brake products. Incorporated in 2000, it is headquartered in Hangzhou, China.

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China
Electrification & Mobility

Controversy over Zunjie V800 brake pedal bracket fracture escalates; Bethel, KaiZhong and other braking system companies respond

The controversy over the fractured brake pedal bracket on the Zunjie V800 continues to escalate. On October 9, Red Star Capital called Bethel, KaiZhong, Asia Pacific Mechanical and Electrical, Wan'an Technology and other companies in the automotive braking system sector to ask whether they are suppliers for the Zunjie V800. KaiZhong said that due to confidentiality agreements, it cannot disclose the specific products or vehicle models it supplies. The other companies all said they are not suppliers of the Zunjie V800 brake pedal and cannot comment on the matter. A person on Bethel's investor relations hotline said that the content posted by Chairman Yuan Yongbin on his social media feed is accurate, but Bethel does not supply this Zunjie model. JAC Motors is a customer of the company, and the company's position is subject to its announcements and official releases. A person at Asia Pacific Mechanical and Electrical noted that the company supplies several JAC Motors models but is not the supplier of the Zunjie V800 brake pedal. A person at Wan'an Technology disclosed that it is not the supplier of the Zunjie V800 brake pedal, but it does cooperate with JAC Motors, though the specific models supplied are unclear. Red Star Capital learned that most of these companies have cooperation with JAC Motors. Zunjie is a premium luxury automotive brand jointly created by JAC Motors and Huawei. On August 5, 2026, it officially launched its flagship MPVs of the era, the Zunjie V800 and Zunjie V680, in Shenzhen. The Zunjie V800 is offered in three configurations: the Exclusive Edition, Executive Edition and Pilot Edition, with starting prices of 766,000 yuan, 866,000 yuan and 1,016,000 yuan respectively.
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002284.CS · · Neutral Asia Pacific Mechanical & Electrical says it supplies several JAC models but is not the Zunjie V800 brake pedal supplier; no clear impact stated.
603596.CG · · Neutral Bethel says it does not supply the Zunjie V800 brake pedal, though it confirms JAC Motors is a customer; no clear positive or negative impact stated.
002590.CS · · Neutral Wan'an Technology says it is not the Zunjie V800 brake pedal supplier but cooperates with JAC Motors on unspecified models; no clear impact stated.
600418.CG · · Neutral Zunjie is a JAC-Huawei brand and JAC is a customer of the braking suppliers, but the article does not state JAC's own impact from the V800 brake pedal bracket fracture.
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China
002284.CS▲

Yatai Automotive's first-half 2026 net profit reaches 268 million yuan, up 33.7% year on year

Yatai Automotive has disclosed its semi-annual report for 2026. In the first half of the year, net profit attributable to the parent company reached 268 million yuan, an increase of 33.70 percent year on year. Total operating revenue for the same period was 2.759 billion yuan, up 6.06 percent. Net profit after deducting non-recurring items was 246 million yuan, up 34.54 percent. Net cash flow from operating activities was 383 million yuan, down 2.70 percent. Basic earnings per share during the reporting period were 0.36 yuan, and the weighted average return on equity was 7.70 percent. The company focuses on the research, development, production and sales of automotive foundation braking systems, chassis electronic intelligent control systems, in-wheel motors and brake-by-wire chassis.
002284.CS · Capital · Positive Company reports 33.7% net profit growth and higher revenue, indicating strong financial performance.
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