What Ningbo Tuopu makes

Tuopu Group operates across three core product families: Power Chassis Systems, Interior and Exterior Systems, and Intelligent Driving Control Systems, with a fourth division focused on robot actuators established in 2024. Within chassis, the company produces NVH damping components (shock absorbers, bushings, body mounts), air suspension systems including its closed-type electronic controlled air suspension (C-ECAS), subframes, and forged aluminum ball joint control arms. Chassis programs run across passenger cars, SUVs, pickup trucks, and commercial vehicles, spanning both internal combustion and battery-electric platforms.

The Intelligent Driving division produces Intelligent Braking Systems (IBS 2.0, in mass production as of 2023), Electronic Power Steering systems in three configurations (EPS, CD-EPS, and DP-EPS), and Electronic Active Suspension Control (EASC) steering columns. Thermal management systems and intelligent cabin components round out the product set in this division. The Interior and Exterior division covers body lightweighting stampings, structural components, and interior functional parts.

The Robot Actuator division, announced as an independent electric drive unit, develops linear actuators, rotary actuators, dexterous hand motors, structural components, sensors, and electronic flexible skin for humanoid and industrial robotics programs. A 150-mu robotics industrial base was announced for 2025 construction. The company describes itself as a "technology platform-type" Tier-1 supplier capable of Tier 0.5 collaboration, meaning it co-develops components alongside OEM engineering teams rather than receiving finalized specifications.

The company holds more than 4,000 R&D staff across facilities globally, including dedicated testing centers. R&D spending reached CNY 1.22 billion in FY2024, representing approximately 4.6% of that year's revenue.

Financial performance

Tuopu Group reported automotive-sector revenue of approximately EUR 3.6 billion for FY2025, up 6.7% from EUR 3.4 billion in FY2024, per the Berylls by AlixPartners Automotive Supplier Top 100 study. Operating income margin was 10.7% in FY2025, down from 12.9% the prior year, reflecting higher costs from simultaneous capacity ramp-ups across Poland, Thailand, and domestic China facilities. In CNY terms, the company's own annual report (March 2026) shows total revenue of CNY 29.58 billion, up 11.2% year on year, with net profit attributable to the parent of CNY 2.78 billion.

The preceding year showed faster growth: FY2024 revenue of approximately CNY 26.6 billion grew 35% from FY2023, with a gross margin of 20.8% and net profit of CNY 3.0 billion. R&D investment scaled in parallel, from CNY 986 million in FY2023 to CNY 1.22 billion in FY2024. The company employs more than 25,000 people worldwide, with R&D personnel representing roughly 18-19% of the total workforce in FY2023; that ratio has likely risen as the intelligent driving and robotics divisions have grown.

Tuopu has been listed on the Shanghai Stock Exchange under ticker 601689 since 2014. The tooling amortization dynamics on its chassis programs -- where OEMs typically pay for tooling over the life of a platform -- create long contractual relationships once a supplier is designed in. Registered capital stood at CNY 1.738 billion as of year-end 2025. The auditor for both FY2024 and FY2025 was BDO China Shu Lun Pan, issuing standard unqualified opinions both years.

Ownership and history

Wu Jianshu founded Tuopu in Ningbo in 1983 and remains legal representative and chairman. The company built its initial business in NVH components, a category that rewards deep application engineering and long OEM relationships, and spent its first two decades focused on the domestic Chinese market. It listed on the Shanghai Stock Exchange in 2014 and subsequently expanded into chassis systems, intelligent driving electronics, and most recently robot actuators, each step building on the engineering infrastructure of the prior division.

The registered headquarters address is 268 Yuwangshan Road, Beilun District, Ningbo, China (zip code 315800). Beilun District is Ningbo's main port and industrial zone, giving Tuopu direct access to the port that handles a large share of China's automotive component exports. The company claims more than 100 manufacturing factories globally, with confirmed plants in Ningbo, Hangzhou Bay, Chongqing, Huzhou, and Anhui Shouxian domestically, and operating facilities in Poland, Mexico, and Malaysia, with Thailand under construction as of 2026. A joint venture in Brazil (Tuopu Brasil) obtained IATF 16949 certification in 2021, per public announcements from that subsidiary's management.

Certifications and quality

Tuopu's customer list includes BMW, Audi, Mercedes-Benz, Volkswagen, GM, Stellantis, and Ford -- OEM programs that require manufacturing facilities to hold IATF 16949 certification as a supply condition. The company describes advanced product quality planning (APQP) and production part approval processes as standard operating procedure across its programs. No dated IATF certificate was available in the company's publicly accessible investor materials at the time this profile was compiled; certification status is treated as a claim pending verification.

The company also holds multiple patents and maintains dedicated test centers, including an NVH testing facility and dynamic suspension testing rigs described in analyst research.

Known customers

Analyst commentary from Q1 2025 also cited Seres (Huawei-affiliated) as a meaningful revenue exposure. MarkLines additionally lists BYD, Geely, SAIC, Xiaomi, and Dongfeng in its FY2023 business report coverage. The company's own site lists Stellantis, GM, Ford, Mercedes-Benz, Volkswagen, Rivian, Lucid, Li Auto, and Xpeng as cooperation partners; those entries are company-published claims, not independently verified program awards.

Frequently asked questions

What does Ningbo Tuopu Group make?

Ningbo Tuopu Group manufactures automotive chassis and NVH components (shock absorbers, air suspension, control arms, subframes), intelligent driving systems (braking systems, electric power steering, thermal management), and interior and exterior body components. A newer division produces robot actuators for humanoid and industrial robotics applications. The company serves more than a dozen major global OEMs and Chinese EV brands.

Who owns Ningbo Tuopu Group?

Ningbo Tuopu Group Co., Ltd. is a publicly listed company on the Shanghai Stock Exchange (ticker: 601689), founded by Wu Jianshu, who remains chairman and legal representative. There is no parent company; the company is founder-led and publicly held with a registered capital of CNY 1.738 billion as of 2025.

What is Ningbo Tuopu's revenue?

Tuopu Group reported total revenue of CNY 29.58 billion (approximately EUR 3.6 billion) for FY2025, up about 11% from the prior year, per its March 2026 annual report. FY2024 revenue was approximately CNY 26.6 billion, up 35% from FY2023. The company ranks among the top 100 global automotive suppliers by revenue.

Where is Ningbo Tuopu headquartered?

Ningbo Tuopu Group is headquartered at 268 Yuwangshan Road, Beilun District, Ningbo, Zhejiang Province, China (zip code 315800). Beilun District is Ningbo's main port and industrial zone. The company operates more than 100 manufacturing facilities globally, including plants in Poland, Mexico, Thailand (under construction), and Malaysia.

Who are Ningbo Tuopu's customers?

Tuopu's documented customers include Tesla (2021 Model Y recall filing), NIO (March 2023 strategic agreement), and BMW and Audi per the company's own cooperation partner list. Analyst research from Q1 2025 also identified Seres/AITO as a material revenue exposure. The company's own site lists more than a dozen global OEM names as cooperation partners.

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