Company Visit at Hirschvogel and SEMAR Cina, Pinghu, 13.11

Established in 2005, Hirschvogel Pinghu is the first German-invested enterprise settled in the Development Zone. It has a registered capital of €27.78 million and nearly 1,000 employees. It provides hot, warm and cold forged as well as machined parts for Chinese clients, including automotive chassis, key transmission and new-energy components.

The site covers about 149 mu, split into a forging plant and a new machining plant. Phases III & IV of the forging plant occupy roughly 91 mu with annual capacities of 10 million and 18 million auto parts respectively. The new machining plant on 58 mu achieves an annual output of 10 million parts.

In 2015, Hirschvogel introduced Germany's dual-education system to Jiaxing, launching a dual-system customized class in partnership with Pinghu Technician College. Over a decade, the program has enrolled more than 400 students with a steady intake of ~30 students per year.

In 2024, Hirschvogel sent 2 students from the customized class for training at its German headquarters.

Pinghu Economic - Technological Development Zone is the core area for industrial development in Pinghu. It is home to 1,200 manufacturing enterprises, including 100 European and American companies and 130 Japanese enterprises. The zone features distinctive industrial clusters, focusing on high-end equipment manufacturing, automotive ecological industry, digital economy, and bio-pharmaceutical industry. It is a demonstration zone for the transformation and upgrading of modern industrial clusters in Zhejiang Province, and also the only development zone in Zhejiang with two country-oriented parks simultaneously—the Zhejiang Sino-Germany (Pinghu) Industrial Cooperation Park and the Zhejiang Sino-Japan (Pinghu) Industrial Cooperation Park.

Porsche Consulting is a wholly owned subsidiary of Porsche AG and a leading management consultancy known for turning strategy into action. We deliver end-to-end solutions across the entire value chain — from strategic planning to operational excellence — helping clients achieve measurable, long-term growth.

In China, we have built one of the market's most recognized operations consulting practices. Since 2013, we have been named "Best Management Consulting Firm" for 12 consecutive years and consistently ranked first in the Auto & Suppliers sector. Our team combines global perspective with deep local expertise to deliver tailored solutions that create real business impact.

Founded in 2000 in Pinghu, Zhejiang, Semar Cina marked a major step in Semar Group's international expansion as its first overseas manufacturing site. The site brought to China the expertise in electronic and electromechanical solutions that the Group had developed in Italy since 1973.

Over the years, Semar Cina has evolved into a center of expertise for tailored solutions in current measurement and power supply, combining technical know-how with proximity to customers, suppliers, and partners across the region.

Today, the company plays a key role in the Group's global strategy, serving as a production and supply base while strengthening its position as a commercial platform for the Asian market. Its location and manufacturing capabilities enable a rapid response to customer needs, foster stronger local partnerships, and support the Group's growth across Asia.

This role has become increasingly relevant as the market expands, driven by the AI trend and the construction of data centers, which require accurate energy monitoring solutions. Semar Cina's proficiency in current measurement and power supply positions the company to meet the demands of this evolving sector.