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Eternal Asia is not a traditional automotive manufacturer, but China's first listed supply chain company, stock code 002183. The company was founded in 1997, headquartered in Shenzhen, Guangdong, is an enterprise under the world's Fortune Global 500 company Shenzhen Investment Holding Co., Ltd., has nearly 10,000 employees, business volume exceeded 110 billion RMB in 2022, ranked in the Fortune China 500. As a pioneer in the domestic supply chain service industry, in recent years Eternal Asia has taken "expanding supply chains and strengthening industrial chains" as its strategic core, established the automotive industry as a key development direction, through self-operated, franchise and platform service models, fully layout new energy commercial vehicle manufacturing, whole vehicle cross-border logistics and automotive grade chips and other automotive-related fields.
In 2025, the company reorganized its strategic direction, formally established the "Supply Chain + Industrial Chain + Capital Empowerment" trinity strategic positioning, transforming into an "Integrative Digital Comprehensive Chamber of Commerce". In the automotive field, Eternal Asia is a supply chain service provider for the upstream and downstream of whole vehicle enterprises such as FAW Jiefang, Changan, BYD, etc., is also a manufacturer of self-developed new energy commercial vehicles, and is also the full-process logistics service provider for the export of new energy vehicles in China.
Eternal Asia entered the semiconductor industry in 2009, purchasing wafers from original manufacturers for virtual production, designing and producing storage products for OEM customers. In 2013, it became the sixth largest wafer customer of Toshiba Semiconductors globally. At the end of 2022, it reorganized Eternal Asia Semiconductor, becoming one of the few module manufacturers on the market with both NAND and DRAM strength. In 2023, it invested in Xinghuo Semiconductor focusing on automotive-grade storage chips, formally entering the automotive electronics supply chain.
New Energy Commercial Vehicle Manufacturing is the core segment of Eternal Asia's automotive business. In November 2022, the company signed a joint venture agreement with Getec Vehicle Technology (Suzhou) Co., Ltd. (GETEC) to jointly establish a new energy commercial vehicle company. In January 2023, Shenzhen Eternal Asia Intelligent Commercial Vehicle Co., Ltd. was officially established, with a registered capital of 200 million yuan, Eternal Asia holds 75%, Getec holds 25%. In March of the same year, the first product eD1 MINI pure electric micro logistics vehicle was officially released. In December, eD5 battery-swap light truck was launched, the first batch delivered 900 units.
Going Global Strategy is the key point of Eternal Asia's recent transformation. In 2025, the company's cross-border and logistics business revenue reached 9.01 billion yuan, a year-on-year increase of 53.48%. In April 2025, Eternal Asia Logistics completed hundreds of millions of yuan in strategic financing, funded by Quzhou Intelligent Manufacturing New City, specifically for the construction of new energy vehicle global supply chain system. In October 2025, Eternal Asia Qulian Technology launched a batch whole vehicle cross-border transportation project, the first batch of dozens of SUVs and household models from Guangzhou Nansha Port to Sihanoukville Port, Cambodia. In November of the same year, signed with Guangzhou Huadu Auto City Group to output "Supply Chain+" core capabilities to build an industrial service platform.
2026 is the year for accelerating Eternal Asia's automotive business. In January, Zhejiang Qulian Technology Co., Ltd. was established, with a registered capital of 157 million yuan, covering automobile sales, import and export agency and other businesses. In May, the New Energy Industry (Supply Chain) Research Institute was established, formally connecting the complete industrial chain layout from lithium ore resources to new energy power vehicles.
Eternal Asia's automotive business adopts the "Light Asset + Supply Chain Empowerment" model, integrating external technology and manufacturing resources, constructing a product matrix covering Self-developed Commercial Vehicle Manufacturing, Going Global Platform Service, Automotive Grade Chips.
Intelligent Commercial Vehicles is the core segment of Eternal Asia's self-developed whole vehicle, operating on a "Light Asset Customization" model - Eternal Asia provides terminal demand and scenario resources, Getec provides steer-by-wire chassis and drive technology, entrusted to third-party production. Main products include:
eD1 MINI Pure Electric Micro Logistics Vehicle: First new energy commercial vehicle, designed for city "last kilometer" delivery, positioned as "Express rider's exclusive mobile office space". Appearance adopts sedan-level design, 96V high voltage platform, range over 100 kilometers, supports battery swap upgrade, load volume 2.6 cubic meters, equipped with LED headlights, ABS anti-lock braking system, GPS precise positioning, rearview camera and other safety configurations. Uses Getec eT1 chassis micro domain control technology, aerospace-grade lightweight truss design, cost compared to traditional structure greatly reduced.
eD5 Battery-swap Light Truck: Launched in December 2023, supporting fully self-developed automatic chassis side battery swap technology, first batch delivered 900 units. In addition, Eternal Asia Commercial Vehicle also customized developed city distribution cold chain logistics vehicles, range-extended box transport vehicles and other products, covering supermarket, express, cold chain and other logistics scenarios.
Artificial Intelligence Forklift: Jointly developed with Beijing Huayi Brothers, China New International Joint Research Institute, possessing mobile robot navigation positioning, SLAM laser algorithm, intelligent dispatch system and other autonomous core technologies.
New Energy Vehicle Going Global Platform provides full-link supply chain solutions from production gathering to overseas sales, covering resource optimal allocation, logistics plan customization and whole-process digital monitoring three core capabilities. At the same time, build overseas logistics service system on "Self-operated + Franchise + Platform Service" model.
Automotive Grade Chips comprehensively cover intelligent terminals and automotive electronics fields, products sold to Singapore, Thailand, Vietnam and other countries. After investing in Xinghuo Semiconductor, both sides synergistically optimize supply chain structure, jointly promote localization of automotive grade semiconductor chips.
Charging Piles and Energy Storageaspect, subsidiary Yiling Technology owns 3.5kW-14kW AC charging piles, 20kW-240kW DC charging piles and multi-power charging piles and other products, operating nearly a hundred charging station sites nationwide (such as Guangxi Nanning Airport, Hunan Huaihua Zhijiang Airport, etc.).
Eternal Asia does not currently disclose independent revenue breakdown data for its automotive business. However, recent financial reports and business developments indicate that this segment is experiencing a period of high-speed growth.
The cross-border logistics business has emerged as the most prominent growth driver. In 2025, Eternal Asia’s cross-border and logistics revenue reached 9.01 billion RMB, representing a significant year-on-year increase of 53.48%. The company successfully passed the Customs AEO Advanced Certification review for the third consecutive time and was selected as a sample enterprise for the “China Customs Trade Prosperity Statistical Survey” for both imports and exports.
In terms of commercial vehicle products, the eD1 MINI achieved mass production in July 2023. The first batch of 900 eD5 battery-swap light trucks was delivered, marking a technological breakthrough in the field of battery-swapping for urban distribution light trucks. Additionally, the company has deployed nearly 100 charging pile sites nationwide.
Regarding its global expansion strategy, by the end of 2025, Eternal Asia had completed the full-chain delivery of 200 new energy vehicles to Ethiopia. In May 2026, the company signed agreements with ADIO and the KEZAD Group to establish an SKD (Semi-Knocked Down) assembly factory in Abu Dhabi, with a target annual production capacity of 300,000 units by 2030. Also in May 2026, the New Energy Industry (Supply Chain) Research Institute was established.
Eternal Asia’s technological framework diverges from traditional powertrain or complete vehicle R&D, focusing instead on three core pillars: New Energy Commercial Vehicle Steer-by-Wire Chassis, Automotive-Grade Chips, and a Digital Intelligence Supply Chain Platform.
Steer-by-Wire Chassis and Whole Vehicle Control Technology: Supported by its joint venture partner Getec, Eternal Asia leverages the modular eT1 steer-by-wire chassis platform, co-developed with Getec’s German headquarters. This platform is characterized by its modularity, steer-by-wire capability, simplified structure, and ease of manufacturing. It incorporates micro-domain control technology, which highly integrates the vehicle controller, thereby reducing wiring and bracket costs. In the battery-swapping sector, Eternal Asia’s commercial vehicle division has achieved independent development and mass production application of fully automatic side-swapping technology for light truck chassis.
Automotive-Grade Chips and Storage Technology: Eternal Asia Semiconductor possesses production capabilities in both NAND and DRAM modules, making it one of the few domestic manufacturers with strength in both fields. Following its investment in Xinghuo Semiconductor, the two companies have jointly expanded into automotive-grade storage chips. Xinghuo Semiconductor is the first enterprise globally to integrate 3D eMMC into automotive front-end products, with its solutions already adopted by mainstream automakers such as Changan, GAC, FAW, and BYD.
Digital Intelligence Supply Chain and Logistics System: This system represents Eternal Asia’s core competitiveness in facilitating the global expansion of automotive brands. The company has built a full-stack digital platform for new energy supply chains, enabling end-to-end visual monitoring of cross-border logistics—from vehicle reception to loading and shipping. By optimizing container space utilization through efficient loading plans, combined with stable shipping resources and overseas customs clearance capabilities, Eternal Asia provides comprehensive support for whole-vehicle cross-border logistics.
New Energy Charging and Energy Storage Technology: Through its subsidiary Yiling Technology, the company offers a complete product line ranging from AC slow charging (3.5kW–14kW) to DC fast charging (20kW–240kW split DC charging piles and N×480kW charging piles). Tailored for diverse scenarios such as airports, public complexes, and residential communities, Yiling Technology provides professional charging and battery-swapping solutions.
The overseas market serves as the core growth engine of Eternal Asia’s automotive strategy. The company has adopted “Helping Automobiles ‘Go Global’” as its primary strategy, focusing on Southeast Asia, Africa, and the Middle East as its three key expansion regions.
Southeast Asia: This was the first overseas market where Eternal Asia established a presence. The company has set up local subsidiaries in Thailand and Malaysia, building professional cooperation teams to solidify its regional service network. Leveraging its supply chain integration capabilities, Eternal Asia facilitated the operational launch of the “China-Laos-Thailand” international freight train, constructing three cross-border rail lines. In October 2025, through Qulian Technology, the company launched a batch whole-vehicle cross-border transportation project, shipping the first batch of dozens of mainstream Chinese SUVs and family vehicles from Guangzhou Nansha Port to Sihanoukville Port in Cambodia. Additionally, Eternal Asia serves as the Vice President of the Thailand Shenzhen General Chamber of Commerce, deeply integrating itself into the local automotive and logistics industry chains.
Africa: In 2024, Eternal Asia signed a strategic cooperation agreement with Green Utopia, a well-known tourism and transportation service enterprise in Ethiopia. As part of this agreement, Eternal Asia supplied 200 new energy vehicles, with the first batch of 200 units completing full-chain delivery. This milestone marks a significant step in Eternal Asia’s expansion of new energy vehicle exports to the African market.
Middle East: In May 2026, the Abu Dhabi Investment Office (ADIO) and Eternal Asia signed a cooperation agreement to establish a new SKD (Semi-Knocked Down) assembly factory in the Khalifa Economic Zone (KEZAD Group) in Abu Dhabi. The project aims to achieve an annual production capacity of 300,000 units by 2030, positioning the facility as an AI manufacturing hub for the Middle East region.
Europe and Other Regions: Eternal Asia’s storage chip business has already expanded to Singapore, Thailand, Indonesia, the Philippines, Malaysia, Vietnam, and other countries. Its cross-border logistics service network covers the globe. The company plans to continuously upgrade its one-stop comprehensive service capabilities, including trade-integrated transportation and cross-border customs clearance, to accelerate the construction of a global comprehensive logistics service network.
Eternal Asia’s future layout in the automotive sector will continue to revolve around three strategic dimensions: “Supply Chain + Industrial Chain + Capital Empowerment.”
New Energy Industry Chain Vertical Extension is the company’s long-term strategy. The New Energy Industry (Supply Chain) Research Institute, established in May 2026, aims to build an international lithium ore supply platform, covering the entire chain from upstream lithium resources to downstream new energy power vehicles. In the future, the company will vigorously integrate upstream and downstream industry chains, including new energy vehicles and photovoltaic energy storage.
Commercial Vehicle Product Horizontal Expansion represents the core direction at the product line level. Building on the eD1 MINI and eD5 battery-swap light trucks, the company plans to launch new products tailored for different logistics scenarios, such as range-extended cold chain logistics vehicles and 4.5T range-extended box transport vehicles, thereby deepening its presence in the urban distribution logistics segment. Additionally, Eternal Asia will collaborate with partners like Heayi Brothers to promote the commercial deployment of AI-powered forklifts.
Going Global Strategy Vertical Deepening will serve as Eternal Asia’s most crucial growth engine in the automotive field. Following the acquisition of hundreds of millions of yuan in strategic financing, the company plans to focus investment on constructing a global supply chain system for new energy vehicles and expanding into global markets. In Southeast Asia, Eternal Asia will deepen local operations, leveraging logistics channels like the “China-Laos-Thailand” international freight train to scale whole-vehicle exports. In the Middle East, with the Abu Dhabi SKD factory scheduled to commence operations in the second half of 2026, the company will initially transition from “whole-vehicle export” to “local assembly + AI manufacturing,” using this hub to radiate into Europe and other overseas markets.
Continuous Deep Cultivation in the Automotive-Grade Semiconductor Field is another key direction. Building on its investment in Xinghuo Semiconductor, Eternal Asia plans to further expand supply chain services in the automotive electronics sector. This includes addressing more needs for the localization and substitution of front-end vehicle-mounted chips, aligning with the national strategic orientation for independent and controllable new energy vehicle supply chains.
Eternal Asia does not position itself as a traditional car manufacturer. Instead, it relies on supply chain services as its foundation, entering whole-vehicle manufacturing and global logistics through “Light Asset Integration + Deep Scenario Empowerment.” In doing so, it plays a unique role in connecting technology and markets across China’s entire automotive industry chain.
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