Brief introduction of Shanghai industrial traffic electric appliance co., ltd.

Shanghai Communication Electric Appliance Factory, established in 195 1, was jointly established as Shanghai Industrial Communication Electric Appliance Co., Ltd. (SITC) in June of19881,with the contribution ratio of both parties being: Huayu Automobile System Co., Ltd. accounting for 70%; Shangshi Automobile Development Co., Ltd. accounts for 30%. On the basis of Shanghai traffic, six joint ventures including Shanghai Valeo Automobile Motor Wiper System Co., Ltd., Shanghai Boze Automobile Parts Co., Ltd., Shanghai Entahua Automobile Door System Co., Ltd., Shanghai Lear Industrial Traffic Automobile Parts Co., Ltd., Shanghai arvinmeritor Automobile Parts Co., Ltd. and Nanjing Shenhua Automobile Electronics Co., Ltd. were established through joint ventures. The company and associated joint ventures have 1935 employees, with annual sales of 2.96 billion yuan.