Huasheng Secures US Orders, Mexico Business Expected to Catch Up with China Plant
Auto parts maker Huasheng-KY secured orders from a top-tier US automaker and will start building a Mexico plant in the second half of the year, expecting its business volume to equal its China operations.
📋 Article Processing Timeline
- 📰 Published: April 22, 2026 at 16:16
- 🔍 Collected: April 22, 2026 at 16:31 (15 min after Published)
- 🤖 AI Analyzed: April 23, 2026 at 15:18 (22h 46m after Collected)
Central News Agency
(CNA Reporter Chung Jung-feng, Taipei, 22nd) Automotive decorative parts maker Huasheng-KY announced today that it secured a main model project from a tier-one US automaker in the first quarter and plans to launch a factory construction project in Mexico in the second half of the year. It predicts that the future business volume in Mexico will increase to equal that of the China base. The overall performance is expected to continue growing this year, with steady business in the Chinese market.
Huasheng-KY was invited to attend an institutional investor conference held by a brokerage firm this afternoon. CFO Zhu Zhongping pointed out that they are continuously developing smart lighting items, including smart reading light modules and intelligent dynamic multi-functional projection lights. By the end of 2025, Huasheng-KY will hold 68 domestic and international patents, with sales across more than 260 vehicle models.
Looking ahead, Huasheng-KY Chairman Chen Kengsheng revealed that the company acquired a main model project from a tier-one US automaker in the first quarter of this year and plans to initiate the Mexico production plant construction in the second half, which is expected to drive overseas revenue growth. Zhu explained that the delivery of related products is scheduled to begin in early Q3 2027 and gradually increase in volume in 2028.
Zhu stated that Huasheng-KY is actively adjusting its organizational structure. In the future, it will have four major business bases: Pinghu in Jiaxing, Zhejiang, China; Bangkok, Thailand; the United States; and Mexico. The expected business volume in Mexico will eventually match that of China.
Regarding overseas capacity layout, Zhu mentioned that Huasheng-KY's Thailand plant will begin production this year. Once both the Thailand and Mexico plants are operational, global trade war risks can be reduced, and the company will continuously focus on developing business in the US and Southeast Asian markets.
In terms of ambient lighting and smart car lights, Huasheng-KY stated that automotive ambient lighting is upgrading interiors, gradually penetrating from high-end models to low- and mid-range ones, leading to a steady increase in overall market penetration. Furthermore, smart car lights have become a major growth driver for EVs, and the company is continuously investing in smart rhythmic LED color-changing ambient lights.
Huasheng-KY reported unaudited consolidated revenue of NT$256 million for March, a year-on-year increase of 64.47%, setting a record high for the same period. Cumulative revenue for the first three months of this year was NT$594 million, up 30.3% year-on-year. Zhu pointed out that the first quarter, traditionally a slow season, was not slow, continuously driven by demand from high-end EV clients. Overall performance is expected to keep growing this year. Institutional investors estimate that Huasheng-KY's gross margin will maintain a range of 28% to 30% this year.
Huasheng-KY reported an EPS of 1.96 NTD for Q4 2025, a quarterly increase of 58%, and an annual EPS of 5.32 NTD, planning to distribute a cash dividend of 3.0802 NTD per share.
According to data, the Huasheng factory was established in 2003, and the KY holding company was formed in 2017. The group's operational headquarters is located in Pinghu City, Zhejiang Province, China, with main production bases in Pinghu and Thailand, and operating locations in Mexico, the US, Shanghai, and Taiwan.
Huasheng-KY primarily focuses on R&D and manufacturing of products like automotive LED ambient lighting and interior/exterior decorative parts. Its main market is mainland China, with clients mostly being joint ventures and independent brand clients, including Li Auto, NIO, XPeng, Chery, and Great Wall. Clients in the European, American, and Japanese markets include automakers such as Ford, GM, Toyota, and Honda. Currently, 80% of its business volume is based in China. (Editor: Chang Chun-mao) 1150422
(CNA Reporter Chung Jung-feng, Taipei, 22nd) Automotive decorative parts maker Huasheng-KY announced today that it secured a main model project from a tier-one US automaker in the first quarter and plans to launch a factory construction project in Mexico in the second half of the year. It predicts that the future business volume in Mexico will increase to equal that of the China base. The overall performance is expected to continue growing this year, with steady business in the Chinese market.
Huasheng-KY was invited to attend an institutional investor conference held by a brokerage firm this afternoon. CFO Zhu Zhongping pointed out that they are continuously developing smart lighting items, including smart reading light modules and intelligent dynamic multi-functional projection lights. By the end of 2025, Huasheng-KY will hold 68 domestic and international patents, with sales across more than 260 vehicle models.
Looking ahead, Huasheng-KY Chairman Chen Kengsheng revealed that the company acquired a main model project from a tier-one US automaker in the first quarter of this year and plans to initiate the Mexico production plant construction in the second half, which is expected to drive overseas revenue growth. Zhu explained that the delivery of related products is scheduled to begin in early Q3 2027 and gradually increase in volume in 2028.
Zhu stated that Huasheng-KY is actively adjusting its organizational structure. In the future, it will have four major business bases: Pinghu in Jiaxing, Zhejiang, China; Bangkok, Thailand; the United States; and Mexico. The expected business volume in Mexico will eventually match that of China.
Regarding overseas capacity layout, Zhu mentioned that Huasheng-KY's Thailand plant will begin production this year. Once both the Thailand and Mexico plants are operational, global trade war risks can be reduced, and the company will continuously focus on developing business in the US and Southeast Asian markets.
In terms of ambient lighting and smart car lights, Huasheng-KY stated that automotive ambient lighting is upgrading interiors, gradually penetrating from high-end models to low- and mid-range ones, leading to a steady increase in overall market penetration. Furthermore, smart car lights have become a major growth driver for EVs, and the company is continuously investing in smart rhythmic LED color-changing ambient lights.
Huasheng-KY reported unaudited consolidated revenue of NT$256 million for March, a year-on-year increase of 64.47%, setting a record high for the same period. Cumulative revenue for the first three months of this year was NT$594 million, up 30.3% year-on-year. Zhu pointed out that the first quarter, traditionally a slow season, was not slow, continuously driven by demand from high-end EV clients. Overall performance is expected to keep growing this year. Institutional investors estimate that Huasheng-KY's gross margin will maintain a range of 28% to 30% this year.
Huasheng-KY reported an EPS of 1.96 NTD for Q4 2025, a quarterly increase of 58%, and an annual EPS of 5.32 NTD, planning to distribute a cash dividend of 3.0802 NTD per share.
According to data, the Huasheng factory was established in 2003, and the KY holding company was formed in 2017. The group's operational headquarters is located in Pinghu City, Zhejiang Province, China, with main production bases in Pinghu and Thailand, and operating locations in Mexico, the US, Shanghai, and Taiwan.
Huasheng-KY primarily focuses on R&D and manufacturing of products like automotive LED ambient lighting and interior/exterior decorative parts. Its main market is mainland China, with clients mostly being joint ventures and independent brand clients, including Li Auto, NIO, XPeng, Chery, and Great Wall. Clients in the European, American, and Japanese markets include automakers such as Ford, GM, Toyota, and Honda. Currently, 80% of its business volume is based in China. (Editor: Chang Chun-mao) 1150422