Wanxiang Precision wins Hangzhou Municipal Government Quality Award

Wanxiang Precision was awarded the 2022 Hangzhou Municipal People's Government Quality Award in recognition of its outstanding performance in quality management innovation and quality improvement. As a subsidiary of Wanxiang Qianchao, Wanxiang Precision focuses on the production of automotive wheel hub bearing unit products and has won many honors, such as the Ministry of Industry and Information Technology's Manufacturing Single Champion Demonstration Enterprise, Zhejiang Province Smart Factory, etc. Through technological innovation and management optimization, Wanxiang Precision achieved a year-on-year increase of 28.56% in total profit in the first quarter of 2023. The company is actively promoting automation transformation and capacity expansion projects to improve production efficiency and the ability to respond to market demand.