Power Source Technology Holdings Limited is the controlling shareholder of Huating (Hefei) Power Technology Co., Ltd., which was established in 2010. Headquartered in China, the company operates R&D centers and manufacturing facilities in India and the United States. Hefei serves as SINOEV’s primary R&D and manufacturing hub in China, and to better respond to customer needs in a timely manner, the company has established subsidiaries in Anqing, Liuzhou, and Putian.

In 2015, after an extensive evaluation and selection process, Huating Power chose SIPM Software as its long-term strategic partner for information technology support and implemented the SIPM/PLM system. In 2018, Huating Power further deepened its collaboration with SIPM by signing another agreement to expand PLM application capabilities in response to the company’s evolving business needs.This partnership enabled Huating Power to establish a robust product data management (PDM) platform, implement an enterprise-wide coding system, and seamlessly integrate design data with its ERP system. As a result, the company significantly enhanced its technical management capabilities and achieved comprehensive digital management of product data—laying a solid foundation for ongoing business growth and increasingly sophisticated product development processes.

Recently, driven by more advanced requirements for digital transformation, Huating Power has entered into an even deeper collaboration with SIPM Software, launching an upgrade project for its SIPM/PLM system. The company has adopted the latest version of SIPM/PLM as its core R&D management platform to further empower innovation, efficiency, and data-driven decision-making.

【Company Background】

Power Source Technology Holdings Limited is the controlling shareholder of Huating (Hefei) Power Technology Co., Ltd., which was established in 2010. Headquartered in China, the company operates R&D centers and manufacturing facilities in India and the United States. Hefei serves as SINOEV’s primary R&D and manufacturing hub in China, and to better respond to customer needs in a timely manner, the company has established subsidiaries in Anqing, Liuzhou, and Putian.

Power Source Technology Holdings Limited specializes in the research, development, and manufacturing of safe and durable traction battery systems for new energy vehicles (NEVs). Its products are widely used across multiple segments, including new energy passenger cars, commercial vehicles, specialized vehicles, and energy storage systems. The company is a pioneer in China in developing high-energy-density battery systems for electric vehicles.

According to a Frost & Sullivan (F&S) report, by shipment volume, the company ranked as the third-largest supplier of battery systems for battery electric passenger vehicles (BEVs) in China in 2022, with a market share of 9.6%.