HASCO

What HASCO makes

HASCO, formally HUAYU Automotive Systems Company Limited, is a Shanghai-based Tier 1 systems supplier that covers more than 40 business fields, organized around three product platforms. The Intelligent Driving platform spans machine vision (cameras, millimeter-wave radar, lidar, intelligent lighting, sensor-fusion software, and driving domain controllers) and chassis systems (steering, braking, and driveline). The Smart Cockpit and Body platform covers interior systems, cockpit electronics, seating, occupant safety, exterior trim, body components, and energy-storage systems for new energy vehicles. The Intelligent Propulsion platform covers e-drive systems, drive motors, power electronics, thermal management, battery management systems rated to ASIL C, electric air-conditioning compressors from 18 to 330 cc/r displacement, electronic pumps, fuel tanks, exhaust systems, and 48V hybrid modules.

Much of this output runs through joint ventures and subsidiaries: Yanfeng Automotive Trim Systems in interiors, HASCO Vision in lighting and head-up displays, HASCO Magna in electric drive systems, plus ventures with Bosch (steering), GKN (driveline), Valeo, Sanden, Pierburg, Brose, and Kolbenschmidt. The company lists 31 direct investing companies in all.

Financial performance

HASCO reported revenue of RMB 184.0 billion for fiscal 2025, up 8.49% from the prior year, with net profit attributable to shareholders of RMB 7.21 billion, up 7.51%. In euro terms, the 2026 Berylls by AlixPartners Top-100 study ranks HASCO the number 10 automotive supplier worldwide, with EUR 22.7 billion in automotive revenue for FY2025 (up 4.5% in euro terms) and a 5.1% operating margin, improved from 4.9% on EUR 21.7 billion in 2024. The first half of 2026 was softer: revenue of RMB 83.9 billion, down 0.9%, and net profit of RMB 2.65 billion against RMB 2.88 billion a year earlier, per the company's unaudited interim report. The company reports more than 80,000 employees worldwide and over 10,000 patents held across the group.

Ownership and history

HASCO trades on the Shanghai Stock Exchange under ticker 600741, with SAIC Motor as its controlling shareholder; chairman Wang Xiaoqiu concurrently chairs SAIC. The present company took shape in 2009, when SAIC consolidated its components businesses into the listed entity, though the group describes more than 30 years in automotive parts. The buildout since then follows a clear arc: buying out Visteon's 50% of Yanfeng in 2011-2013, integrating Johnson Controls' global interiors business into Yanfeng in 2014-2015 to form what the company calls the world's largest interiors supplier, acquiring Koito's stake in their lighting venture to create HASCO Vision, and standing up an independent global safety business. Tao Hailong, formerly general manager of SAIC Volkswagen, was appointed general manager in July 2026.

The company's stated strategy is "tier zero, neutrality, internationalization": supplying complete systems, selling beyond its parent group, and localizing production. Its footprint is 475 R&D and manufacturing bases in total, 353 across 22 provinces and regions in mainland China plus 103 manufacturing bases in the United States, Germany, Thailand, Czech Republic, Slovakia, India, Mexico, and a dozen other countries, a scale of overseas localization relevant to any OEM weighing nearshoring of its China-sourced systems.

Known customers

SAIC group programs anchor the book: the company's own announcements document torque-converter supply to SAIC-GM-Wuling and SAIC passenger-car CVT programs. Outside the parent group, the best-documented program is electric drive: HASCO Magna, its joint venture with Magna, produced its first e-drive assembly for Volkswagen's global MEB electric platform in October 2019 at its Shanghai Baoshan base, per the company's announcement. Through Yanfeng and the other ventures, the group supplies interiors, seating, and safety content to major OEMs worldwide, as the company puts it, without naming programs.

Recent news

September 2026 -- HASCO Vision completed a new head-up display production line at its Changshu electronics base, with cumulative HUD deliveries passing 40,000 units, per trade-press coverage.

August 2026 -- Subsidiary Yanfeng Automotive Trim Systems began construction of a new Shanghai plant in Anting with total investment of roughly RMB 1.45 billion, per district-government information reported in the trade press.

July 2026 -- The board appointed Tao Hailong, previously head of SAIC Volkswagen, as general manager and nominated him as a director.

Frequently asked questions

What does HASCO make?

HASCO makes automotive systems across three platforms: intelligent driving (cameras, radar, lidar, lighting, steering, braking, driveline), smart cockpit and body (interiors, seating, cockpit electronics, occupant safety, exterior and body parts), and intelligent propulsion (e-drive systems, thermal management, battery management, compressors, pumps, and 48V hybrid modules).

Who owns HASCO?

HASCO is listed on the Shanghai Stock Exchange under ticker 600741. SAIC Motor is the controlling shareholder, and HASCO's chairman, Wang Xiaoqiu, is concurrently chairman of SAIC Motor. The company was formed in 2009 from SAIC's consolidated components businesses.

What is HASCO's annual revenue?

HASCO reported RMB 184.0 billion in revenue for fiscal 2025, up 8.49% year over year, with net profit of RMB 7.21 billion. The 2026 Berylls by AlixPartners study puts its automotive revenue at EUR 22.7 billion, ranking it the number 10 automotive supplier globally.

Where is HASCO headquartered?

HASCO is headquartered in Shanghai, China, registered at No. 489 Weihai Road in Jing'an District, with its main operating office at 501 Keyuan Road in Pudong. It operates 353 bases across mainland China and 103 manufacturing bases in 19 or more other countries.

Who are HASCO's customers?

SAIC group brands are the anchor customers, with documented programs including torque converters for SAIC-GM-Wuling. Its HASCO Magna joint venture supplies e-drive systems for Volkswagen's MEB electric platform, and its Yanfeng interiors business serves major OEMs worldwide.

Last verified September 22, 2026. Is this your company? Request a correction.