SPEY GRUOP (Ningbo SPEY Technology Co., Ltd)

What SPEY GRUOP (Ningbo SPEY Technology Co., Ltd) does

Ningbo SPEY Technology Co., Ltd (宁波斯贝科技股份有限公司, branded SPEY Group) is a Chinese precision aluminum die casting manufacturer founded in 1994 in Ningbo, Zhejiang, specializing in the design, development, production and sale of high-precision aluminum die-cast components for three end markets: new energy and conventional automotive applications, general-purpose engines (lawn mowers, generators, snow removers, agricultural/forestry/construction machinery), and motorcycles. The company's core technology is precision aluminum die casting supported by in-house mold design and manufacturing capacity up to 3000T+ across a 4,000+ sqm mold shop, with manufacturing execution enabled by CAE simulation tools (MAGMA, FLOW3D), industrial CT and X-ray non-destructive testing, Zeiss coordinate measurement, and 100% online inspection with dynamic SPC. The IP base comprises 82 patents (9 invention, 73 utility model), 1 software copyright, and participation in 1 national, 2 industry and 1 group standard formulation, with over 4% of operating income reinvested into R&D through a Provincial Enterprise Technology Center and university partnerships with Beihang and Zhejiang University Ningbo Institute of Technology.

SPEY operates a six-factory global manufacturing footprint totaling more than 300,000 sqm, with Factory 1, 3 and 5 in Ningbo, Factory 2 in Jiangmen (Guangdong), Factory 4 in Ayutthaya (Thailand, 99,138 sqm Phase I), and Factory 6 in Edinburgh, Indiana (US warehouse and after-sales), plus a Mexico facility under construction as of 2026. The company is privately held, founder-led under Chairman Zhang Bojie (张波杰) with General Manager Li Ke (李科) and Vice General Manager Li Na (李娜), and is qualified to IATF16949:2016, ISO14001:2015, ISO45001:2018 and ISO/IEC27001 standards.

Revenue is generated through direct B2B hardware sales of precision aluminum die-cast parts to global OEMs and Tier-1 suppliers, with named enterprise customers including BMW, Mercedes-Benz, Magna, Foxconn and Xiaomi, supplemented by award-recognized supply relationships with Kawasaki, Honda, Zhuzhou CSR, Zhejiang Yinlun, Genentech and Zhejiang Dahua. Pricing is quote-based rather than publicly disclosed, and go-to-market relies on direct enterprise field sales, industry trade shows (notably EUROGUSS 2024), and a multilingual corporate website (Chinese, English, Japanese) backed by localized warehousing and after-sales service in the US, Europe and Japan. Revenue is not publicly disclosed; the company's National Specialized/Specialized New Small Giant, Provincial Individual Champion and China Die Casting Top 50 designations indicate industry-recognized scale.

Name

SPEY GRUOP (Ningbo SPEY Technology Co., Ltd)

Legal name

宁波斯贝科技股份有限公司

Website

https://spey-group.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Ningbo SPEY Technology Co., Ltd is a Chinese precision aluminum die casting manufacturer founded in 1994, producing components for new energy vehicles, general engines, and motorcycles for global Fortune 500 customers including BMW, Mercedes-Benz, Magna, Foxconn, and Xiaomi across a six-factory footprint in China, Thailand, the US, and Mexico.

Ownership category

akta.pro rank

Product category

Precision Aluminum Die Casting

NAICS

Nonferrous Metal Die-Casting Foundries (331523)

SIC

Nonferrous Foundries (Castings) (3360)

akta.pro primary industry

Aluminum Casting & Ingot/Billet/Slab Production (IMAKACAE)

Keywords

• Precision aluminum die casting
• Automotive parts manufacturing
• New energy vehicle components
• Motorcycle cylinder blocks
• Lightweight structural castings

Headquarters

HQ city

Ningbo

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Precision Aluminum Die Casting Parts: Design, development, production and sales of precision aluminum die casting parts for automotive (new energy vehicles, lightweight components), general engine (lawn mowers, generators, snow removers, agricultural/forestry/construction machinery), and motorcycle applications

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

SPEY Group designs, develops, produces, and sells precision aluminum die casting parts for the automotive, general-purpose engine, and motorcycle industries. The company supplies motor housings, electric drive assemblies, battery shells, air conditioning compressor parts, lightweight structural components, and engine blocks to OEMs including BMW, Mercedes-Benz, Magna, Foxconn, and Xiaomi across manufacturing facilities in China, Thailand, and the United States.

Product overview

SPEY (Ningbo SPEY Technology Co., Ltd) is a high-tech enterprise specializing in the research, development, production, and sales of precision aluminum die casting parts. The company operates as a single unified manufacturing platform producing six product lines: Three Electric System Products for new energy vehicles (motor housings, end caps, gear housings, electric drive assemblies), Air Conditioning Compressor Parts, Lightweight Structural Components, Other Automotive Parts, General Engine Parts for equipment like lawn mowers and generators, and Motorcycle Parts including cylinder blocks. These products are manufactured across multiple global production bases in China (Ningbo, Jiangmen), Thailand, and the United States.

Differentiator

Problem solved

Functional benefit

Products and services

• New Energy Vehicle Three Electric System Components

Quantifiable outcome

• 82 patents including 9 invention patents and 73 practical new patents
• +3 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered minor.

• Beijing University of Aeronautics and AstronauticsminorStrategic or Co-development PartnerUniversity partnership for talent development, technical collaboration, and student internship programs. University provides research expertise while company offers practical industry experience.
• Zhejiang University Ningbo Institute of TechnologyminorStrategic or Co-development PartnerSchool-enterprise cooperation for talent cultivation, internship opportunities, and joint research. Company provides practical training platform while university supplies qualified graduates.

Scale indicators8 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Nemak: Nemak is a global leader in aluminum die casting for automotive powertrain, structural, and EV components, serving most major OEMs. SPEY is comparable as a direct competitor chasing the same EV battery housing and lightweight structural casting programs at OEMs like BMW and Magna.
• Pace Industries: Pace Industries is one of the largest North American producers of aluminum and zinc die castings, supplying automotive and industrial customers. Compares to SPEY as a direct competitor in aluminum die-cast parts for automotive, powertrain, and small-engine applications.
• Martinrea International: Martinrea (TSX:MRE) is a Canadian diversified automotive metalforming and aluminum components supplier serving global OEMs. Comparable to SPEY in the supply of aluminum structural and powertrain castings as well as a global multi-plant footprint pattern.
• Endurance Technologies: Endurance is a major Indian tier-1 automotive component manufacturer producing aluminum die-castings, suspensions, and powertrain parts for global OEMs. Comparable to SPEY in supplying precision aluminum cast components into global auto programs from a low-cost manufacturing base.
• Shiloh Industries: Shiloh is a US-based specialist in lightweight aluminum and magnesium casting and stamping for automotive NVH and structural applications. Compares to SPEY as a competing tier-1 supplier of advanced die-cast and stampings for EV and ICE platforms serving North American and European OEMs.
• Wencan Group (文灿集团): Wencan (SH:002873) is one of China's largest independent precision aluminum die casters for automotive applications, including EV structural parts. Comparable to SPEY in technology, customer mix of European auto OEMs, and product portfolio of high-pressure die-cast housings and chassis components.
• Ryobi Die Casting: Ryobi Die Casting (part of Japanese Ryobi Group) is a major aluminum die caster serving automotive OEMs globally. Comparable to SPEY in technology and product portfolio (large-format die-cast structural and powertrain parts) and as a competitor for Japanese and global OEM programs.
• Sundaram-Clayton: Sundaram-Clayton is an Indian automotive component group producing aluminum die-castings and other powertrain parts for global OEMs. Comparable to SPEY in the supply of aluminum die-cast motorcycle and engine components to Fortune 500 automotive and engine manufacturers.
• Chongqing Yujiang Die Casting: Chongqing Yujiang (SZ:300166) is a Chinese aluminum die casting supplier focused on automotive and motorcycle components. Comparable to SPEY as a domestic Chinese peer with overlapping motorcycle-cylinder and automotive parts product lines.

Broad incumbents

• GF Casting Solutions (Georg Fischer): GF Casting Solutions is the global casting arm of Georg Fischer, offering aluminum and magnesium die-cast components for automotive and industrial customers. While broader in scope and far larger, it competes directly with SPEY for precision aluminum structural and powertrain casting business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/spey-group

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SPEY GRUOP (Ningbo SPEY Technology Co., Ltd)