Shanghai Jinchi navigates innovation and global expansion in the auto parts remanufacturing sector

During a recent interview, Jay Chen, a representative of Shanghai Jinchi, took a moment to reflect upon the company's remarkable journey. The company is taking part in the upcoming Rematec Asia trade show in Guangzhou, China.

As Rematec Asia readies itself in Guangzhou, industry professionals from all over are buzzing with anticipation, prepared to delve into a platform famed for “bridging east and west in remanufacturing.” 

Amongst the leading lights, Shanghai Jinchi Automotive Parts Remanufacturing Co., Ltd stands out as a symbol of both innovation and excellence in the realm of remanufacturing.

During a recent interview, Jay Chen, a representative of Shanghai Jinchi, took a moment to reflect upon the company’s remarkable journey. 

“Since its establishment in 2015, Shanghai Jinchi has adhered to the combination of production, education, and research to create a circular business model of ‘from insurance to insurance’, to help realize China’s dual-carbon strategic goals, and to provide enterprise customers with high-quality, low-cost, excellent service and quasi-delivery of one-stop service experience,” he said.

Shanghai Jinchi’s Jay Chen at Rematec Asia this week in Guangzhou, China.

Diving deeper into the uniqueness of Jinchi’s business model, Chen emphasized, “We are the first batch of auto parts remanufacturers to establish a complete business network in China.” He continued, “As a one-stop comprehensive business center of ‘recycling and remanufacturing + service + technology’, we have established our own recycling system, with more than 30 direct branches, involving 14 provinces and 49 cities, covering more than 80% of the country.”

The company’s partnerships with the insurance industry are a key component of their success.

“We have established long-term and stable cooperative relations with several major domestic large insurance companies,” Chen explained. He expanded upon their operations, noting that “more than 30 outlets across the country are responsible for the recovery, storage, classification, and screening of local and surrounding damaged parts, and nearly tens of thousands of damaged parts can be recycled every day.”

Beyond recycling, the company’s commitment to innovation is profound. “As a pioneer in the field of auto parts remanufacturing in China,” Chen shared, “Jinchi has established a research and development laboratory, gathered a group of excellent scientific researchers and high-quality professional technicians, and introduced new environmental protection equipment for production.” He proudly revealed that they “have applied for 40 patents, including 15 invention patents and 25 utility model patents. There are also 5 software copyrights.”

Jinchi’s dedication to quality assurance is unwavering. “The remanufacturing production of Jinchi implements the same production technical standards, quality standards, and factory inspection standards as the new products,” Chen said. Additionally, their strict screening process is notable: “out of more than 2 million recycled parts per year, only about 1% can meet the requirements for remanufacturing.”

Addressing the company’s expansive product range, Chen confirmed, “We mainly produce 16 kinds of remanufactured products in 7 categories… Our SKUs have more than 5,000 pieces, and our products are suitable for many mainstream luxury car brands in the market.”

On the topic of future aspirations and the strategic location in Pudong New District, Shanghai, Chen stated, “At present, more than 80% of Jinchi’s products are mainly sold to the domestic insurance market, of course, we have the intention and plan to expand overseas markets.”

With a potent blend of ambition, dedication, and innovation, Shanghai Jinchi Automotive Parts Remanufacturing Co., Ltd is poised to further redefine the world of remanufacturing.

This October, seize the opportunity to connect with Shanghai JINCHI Automotive Parts Remanufacturing Co., Ltd and other industry titans at Rematec Asia, from 11-13 October 2023. Dive deeper into their offerings by visiting Rematec Asia’s official website or by engaging directly with Jinchi’s official communication channel.

At a glance:

Holistic Business Model and Network: Shanghai Jinchi utilizes a unique “from insurance to insurance” circular business approach, with an expansive network covering over 80% of China, setting them apart in the remanufacturing industry.

Strategic Partnerships and Digital Integration: Through strong relationships with major domestic insurance companies and a sophisticated online resource management platform, Jinchi ensures the efficient flow and allocation of resources, reinforced by digital traceability throughout a product’s life cycle.

Technical Expertise and Product Quality: Jinchi’s dedicated R&D, holding 40 patents and 5 software copyrights, guarantees products meet rigorous quality standards, as evidenced by their ISO9001 certification and focus on original parts.

Wide Range of Products for Premium Brands: Catering to luxury car brands, Jinchi employs advanced technologies like 3D printing, laser cutting, and extensive databases to maintain compatibility and integrity in their remanufactured parts.

Expansion and Global Potential: While currently focused on the domestic market, Jinchi, located strategically in Pudong’s free trade zone, sees significant potential in the international market and is exploring opportunities for global outreach.

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