Chip shortages still constrain China’s listed intelligent hardware supplier Hodgen Technology with its automotive electronics business

By Kate Yuan

Hodgen Technology (和晶科技), China’s listed intelligent hardware and platform provider, acknowledged that its chip shortage from major suppliers has caused constraints its automotive electronics business. If the problem is eased, the company can expand its capacity for automotive electronics clients at any time, said the company representative in a recent interview with its investors. 

Hodgen’s automotive electronics business cover sensors, controllers and battery management systems (BMS) for vehicles. Its upstream key suppliers are Infineon, TI, NXP and other component companies. 

Founded in 1998, Hodgen is based in Wuxi of eastern China’s Jiangsu Province and became listed on Shenzhen Stock Exchange in 2010. Its clients include  CATL, Tesla, Volkswagen, GM, Jaguar, Land Rover, and Geely. 

In 2021, Hodgen’s revenue increased by about 22%. The intelligent controllers for automotive electronics surged by 64%, much faster than the 20% growth of home appliances. 

In the second half of 2022, the company’s total automotive electronic products orders reached RMB61.4876 million ($9.1862 million), 90% of the revenue over the last year.