CICC has acquired Dongxing for an undisclosed amount, a move that signals a strategic expansion into advanced electronic component manufacturing. Dongxing, founded in March 1996, specializes in the research, development, and manufacturing of electronic transformers and power supply units. The company is known for its comprehensive product range and robust production capabilities.
Dongxing’s product portfolio includes various types of inductors, SMPS transformers, planar transformers, and common mode filters. These components are critical for diverse applications spanning Industrial Automation, Medical power supply, Automotive electronics (including OBC chargers, DC-DC converters, EV chargers, and vehicle-mounted inverters), communication security, high-power LED drivers, Power Conversion Systems, Photovoltaic installations, High-speed Trains, and Home appliances. The company operates a 30,000 square meter workshop, employs over 1,000 personnel including 60 R&D technicians and engineers, and maintains a monthly capacity of 8 million pieces of transformers. Dongxing holds certifications such as ISO9001, ISO14001, and IATF16949, with some products also certified by UL, VDE, CCC, CQC, and CE.
This acquisition provides CICC with immediate access to Dongxing’s established manufacturing infrastructure, specialized R&D talent, and a portfolio of certified, high-demand electronic components. The strategic rationale for CICC appears centered on strengthening its position or entering key growth sectors that rely heavily on advanced power solutions and magnetic components. By integrating Dongxing’s expertise, CICC aims to enhance its capabilities in critical areas like automotive electronics and renewable energy systems.
Expected synergies from this acquisition include leveraging Dongxing's technical expertise and certified production processes within CICC's broader operational framework. Dongxing's philosophy of "serving customers with technical support and meeting customers with quick response" is expected to complement CICC's strategic goals for customer value creation. The combined entity is anticipated to benefit from a diversified product offering and expanded market reach. This integration is poised to capitalize on the increasing global demand for sophisticated and reliable electronic components.