China's new energy vehicle policy of subsidies and purchase tax exemption will be extended to the end of 2022. As an auto parts supplier, Tianjin Pengling Group Co., Ltd. seizes the opportunity to realize the coordinated development of "auto fluid pipeline + auto sealing parts."

The fluid line division mainly develops the customers such as FAW-Volkswagen, SAIC-Volkswagen, FAW Toyota, Guangzhou Honda, BYD Automobile, Great Wall Motor, Beijing Hyundai, and Borgward Automobile. A total of 406 types of products on the new energy vehicles were developed, and it is estimated that the cumulative sales during the life cycle will be about RMB 1.16 billion yuan. Forty-two types of them have been in the mass production stage.

The Sealing Division selects old customers with existing cooperation bases and market shares, such as Xiaopeng Motors, for in-depth cooperation with new D55 products.

Pengling has been rated as "national rubber industry base", "China 100 auto parts suppliers", "outstanding enterprises of SME Technology Innovation Fund for the ten anniversary of the implementation", "top 10 sales enterprises of national rubber industry non-tire enterprises".