GSP Automotive Group, a worldwide leader in automotive undercar products manufacturing, has announced that on August 17th, 2020 GSP became an initial public offering (IPO) on  the Shanghai Stock Exchange.

“This is a great time to bring partners and GSP Automotive Group together,” said Jiaru Zhou, Chairman of GSP Automotive Group. “It’s our honour to share our accomplishments as we drive performance and quality forward into our new era.”

The company states that this IPO will enable GSP to integrate optimized manufacturing, world class product innovation, and the capital market. GSP will expand the annual production capacity of CV Axles by 1.5 million pieces and Wheel Hub Assemblies by 2.4 million pieces. Additionally, these funds will be used to expand GSP’s global marketing network and facilities, improving its position as a market leader in the aftermarket parts industry, adds the company.

About GSP North America.

With over 35 years of experience, GSP North America has positioned itself as a leading manufacturer offering the best coverage for CV Axles, Hub Assemblies, Loaded Strut Assemblies, Engine Mounts and ATV/UTV Axles for the North American Market. GSP North America has two distribution centers in North America to ensure our customers could access to our products nationwide. GSP is a full-service provider with distribution centers, sales, customer service, and technical support for our customers.

Visit GSP Automotive Group for further information: http://www.gsp.cn/home.jsp