
Wanfeng
Auto parts manufacturer specializing in aluminum alloy wheels.
Last updated November 4, 2026
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Overview
Zhejiang Wanfeng Auto Wheel Co., Ltd. (stock code 002085) is an international advanced-manufacturing company operating in the "big transportation" sector. It listed on the main board of the Shenzhen Stock Exchange in 2006 and describes itself as the first A-share listed company in its domestic sub-sector. The company operates manufacturing bases and R&D centers across ten countries and regions, with a presence spanning Europe (the United Kingdom, Germany, the Czech Republic, Austria, Croatia), Asia (China, India) and North America (Canada, the United States, Mexico). Wanfeng's business is organized around a "dual-engine" strategy. The first engine is automotive metal lightweighting, built on a main line of "magnesium alloy – aluminum alloy – lightweight high-strength steel" material applications. The company states that its magnesium alloy components and aluminum alloy components businesses have achieved global industry leadership, and it is one of the world's largest aluminum alloy wheel suppliers and one of the world's leading magnesium alloy component suppliers. Its magnesium alloy products are reported to hold more than 65% of the North American market, and its lightweight aluminum wheel capacity has reached 40 million sets per year. It is also a leading domestic manufacturer of high-strength steel stampings and one of China's largest coating processing bases, accounting for 40% of the national environmentally friendly chrome-free zinc-aluminum coating market and 70% of the automotive coating market. The second engine is general aviation aircraft manufacturing. Through the acquisition of a leading international general aviation aircraft manufacturer, Wanfeng produces complete aircraft with independent intellectual property rights. Wanfeng Diamond Aircraft holds full intellectual property rights for 7 series, 25 aircraft models and 4 aircraft engines, and is one of the world's top three general fixed-wing aircraft manufacturers, with 7 aircraft manufacturing plants, 4 flight training bases, 1 aircraft manufacturing engineering center, 5 aircraft design and R&D centers, and 192 service centers in 90 countries. The company is also participating in the construction of Zhejiang Province's 5.5-square-kilometer "Wanfeng Aviation Characteristic Town" as a national-level general aviation industry demonstration zone. Guided by the business philosophy of "building an international brand and constructing a century-old enterprise," Wanfeng has over more than twenty years of continuous development transformed from operational internationalization toward internationalization of capital, talent, technology and brand. It reports 48 national-level projects, 106 provincial-level projects, 1,400 patents and 12,000 employees worldwide.
History
Zhejiang Wanfeng Auto Wheel Co., Ltd. was listed on the main board of the Shenzhen Stock Exchange in 2006 under stock code 002085, and describes itself as the first A-share listed company in its domestic sub-sector. Over more than twenty years of continuous development, the company grew from a wheel and automotive component manufacturer into an international advanced-manufacturing group in the "big transportation" sector, progressively transforming from operational internationalization toward internationalization of capital, talent, technology and brand. In 2020 the company formally established a new development framework centered on the application of "magnesium alloy – aluminum alloy – lightweight high-strength steel" metal material lightweighting, and implemented a "dual-engine" driven strategy: to become a promoter of global automotive metal component lightweighting and a global leader among innovative general aviation aircraft manufacturers. Under this strategy, its magnesium alloy component and aluminum alloy component businesses achieved global industry leadership, and the company expanded through the acquisition of a leading international general aviation aircraft manufacturer, enabling it to manufacture complete aircraft with independent intellectual property rights. Wanfeng's automotive lightweighting operations now include a globally leading lightweight aluminum wheel manufacturing base, a globally leading lightweight die-cast magnesium alloy manufacturing base, and a domestically leading high-strength steel stamping parts business. Its magnesium alloy products are reported to hold more than 65% of the North American market, and its lightweight aluminum wheel capacity has reached 40 million sets per year. The company also accounts for 40% of China's environmentally friendly chrome-free zinc-aluminum coating market and 70% of the automotive coating market, making it one of China's largest coating processing bases. On the aviation side, Wanfeng Aircraft Industry follows the guiding principle of "one world, one Diamond, one family" and has built an international development structure integrating R&D, manufacturing and sales. Wanfeng Diamond Aircraft holds full intellectual property rights for 7 series, 25 aircraft models and 4 aircraft engines, and ranks among the world's top three general fixed-wing aircraft manufacturers, with 7 aircraft manufacturing plants, 4 flight training bases, 1 aircraft manufacturing engineering center, 5 aircraft design and R&D centers, and 192 service centers in 90 countries. The company is also participating in the construction of Zhejiang Province's 5.5-square-kilometer "Wanfeng Aviation Characteristic Town" as a national-level general aviation industry demonstration zone. Today Wanfeng operates manufacturing bases and R&D centers in ten countries and regions across Europe, Asia and North America, and reports 48 national-level projects, 106 provincial-level projects, 1,400 patents and 12,000 employees worldwide.
- 2026
Wanfeng Diamond Aircraft appeared at the 2026 London Airshow in Canada, with the Diamond Flying Club (DFC) participating alongside.
- 2026
Wanfeng Auto Wheel was again named to the 2026 Global Top 100 Automotive Parts Suppliers list by Automotive News.
- 2026
Wanfeng Aircraft Industry was again recognized as a "China Unicorn Enterprise."
- 2020
Formally established a new development framework centered on "magnesium alloy – aluminum alloy – lightweight high-strength steel" metal material lightweighting and implemented the "dual-engine" driven strategy.
- 2006
Listed on the main board of the Shenzhen Stock Exchange under stock code 002085, described as the first A-share listed company in its domestic sub-sector.
Products and positioning
automotive parts supplier
Lightweight aluminum alloy wheels
Globally leading lightweight aluminum wheel manufacturing base with annual capacity of 40 million sets; one of the world's largest aluminum alloy wheel suppliers.
Lightweight die-cast magnesium alloy components
Globally leading lightweight die-cast magnesium alloy manufacturing base; magnesium alloy products reported to hold more than 65% of the North American market.
High-strength steel stamping parts
Domestically leading manufacturer of high-strength steel stamping parts in its sub-sector.
Chrome-free zinc-aluminum coating processing
One of China's largest coating processing bases, accounting for 40% of the national environmentally friendly chrome-free zinc-aluminum coating market and 70% of the automotive coating market.
General aviation aircraft (Wanfeng Diamond Aircraft)
Full intellectual property rights for 7 series, 25 aircraft models and 4 aircraft engines; one of the world's top three general fixed-wing aircraft manufacturers.
Controversies
2019
Controlling shareholder illegally occupied 1.121 billion yuan, undisclosed irregular guarantees
Wanfeng Group, the controlling shareholder of Wanfeng Auto, through arrangements including the acquisition of Yucuiyuan, non-operationally occupied about 1.121 billion yuan of funds of the listed company, and there were irregular guarantees and undisclosed related-party transactions; it was questioned over benefit tunneling, and the Shenzhen Stock Exchange made inquiries. In 2020, the Zhejiang Securities Regulatory Bureau issued warning letters to the company and five people including actual controller Chen Ailian.
Sources5 sources
- 1浙江万丰奥威汽轮股份有限公司wfaw.com.cn
- 2关于我们 - 浙江万丰奥威汽轮股份有限公司wfaw.com.cn
- 3技术与产品 - 浙江万丰奥威汽轮股份有限公司wfaw.com.cn
- 4Controlling shareholder illegally occupied 1.121 billion yuan, undisclosed irregular guaranteesfinance.ce.cn
- 5Controlling shareholder illegally occupied 1.121 billion yuan, undisclosed irregular guaranteescs.com.cn
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