Founded in 1975, Hwaway is a national high-tech enterprise specializing in the R&D, production and sales of high-end elastic components, ranking among the top three enterprises in China’s domestic spring industry in overall strength. On May 16, 2023, the company was listed on the Main Board of the Shenzhen Stock Exchange under the stock short name Hwaway Technology and stock code 001380.
Headquartered in Taozhu Subdistrict, Zhuji City, Zhejiang Province, the company is 3 kilometers away from the Hangzhou-Jinhua-Quzhou Expressway and a 20-minute high-speed rail ride from Hangzhou, boasting highly convenient transportation. With businesses spanning the globe, Hwaway has established eleven production bases across seven locations: Zhejiang, Henan, Chongqing, Jiangsu, Germany, Mexico (under construction) and Morocco (in planning). R&D centers have also been set up in Zhejiang and Germany respectively.
The company’s product portfolio covers suspension system components, brake system components, valve and special-shaped components, as well as other professional equipment parts, which are mainly applied in the automotive industry. In recent years, Hwaway has vigorously developed small spring products to expand its non-automotive business. By acquiring the controlling stake in Wuxi Zegen Spring Co., Ltd., the company has scaled up its production capacity for valves and special-shaped components. Its business scope now extends to rail transit, robotics, construction machinery, electric energy, aviation and other sectors.
Focused on the research and development of basic materials, the company has built an advanced water-quenched spring steel wire production line with independent intellectual property rights, enabling in-house production of spring steel wire. Drawing on years of technological accumulation, Hwaway has laid a solid foundation and attained outstanding expertise in spring steel wire quenching processes, induction heat treatment technologies, spring product design, spring inspection and testing, forming prominent advantages in technology and craftsmanship. Meanwhile, the company prioritizes the upgrade of production automation. It has introduced fully automatic precision spring coiling machines, industrial robots, automatic spraying booth systems, fully automatic force testers and other automated equipment to steadily elevate its spring manufacturing capability, meeting downstream clients’ requirements for automotive springs featuring high stress resistance, fatigue resistance and lightweight design.
Backed by robust R&D capabilities, sophisticated manufacturing techniques, superior product quality and premium services, Hwaway has forged long-term partnerships with well-known domestic vehicle manufacturers and world-renowned international auto parts suppliers. Its products have been incorporated into the supply chains of numerous clients, including BYD, Geely, Great Wall, Changan, Hongqi, BAIC, SAIC, Chery, JAC, Li Auto, NIO, XPeng, Leapmotor, Stellantis, Renault, Lucid, Seres, Volkswagen, Dongfeng Nissan, Fuao Tokico, Nanyang Xijian, Mando, Jingxi Intelligent Mobility, Konghui, Ruili Group, Wan’an Technology and Fast Gear. Furthermore, Hwaway’s products have entered the global supply chains of prestigious international auto parts suppliers such as ZF, Haldex, WABCO, Bendix and Gabriel.
In recent years, the company has been awarded a host of prestigious honors, including National Specialized, Sophisticated, Unique and Innovative "Little Giant" Enterprise, National Green Factory, Zhejiang Provincial First Batch Manufacturing Single Champion Enterprise, Zhejiang Provincial Hidden Champion Cultivation Enterprise and Zhejiang Provincial Intelligent Factory. To date, Hwaway holds 23 national invention patents and 190 utility model patents, bearing fruitful innovation achievements. Taking R&D and innovation as its core driving force, the company keeps increasing investment in scientific research and has built multiple innovation platforms including a CNAS-accredited national laboratory, a national postdoctoral research workstation, a provincial-level enterprise technology center, a provincial-level enterprise research institute and a provincial-level R&D center for high-tech enterprises, laying a solid technological foundation for high-quality development.
Upholding its mission: Craft Superior Quality & Technology, Forge National Industry Excellence and vision: Build a Globally Competitive World-Class Spring Brand, Hwaway has grown into one of China’s leading manufacturers of high-end automotive elastic components through years of dedicated development. Moving forward, the company will further consolidate and elevate its industrial standing, striving to become a first-class professional manufacturer of elastic components worldwide.
