Chinese automotive thermal management specialist Aotejia (also known as Aotecar) reported a net profit of 1.1 billion yuan ($152 million) for 2025, up 84% year-on-year, according to its 2025 annual report released on April 28, 2026. The company, listed on the Shenzhen Stock Exchange, attributed the growth to strong demand for new energy vehicle (NEV) thermal management systems.
In the same report, Aotejia announced plans to build new production capacity in Morocco, as part of its global expansion strategy. The company stated it is evaluating locations and timelines for the facility, which would serve the growing NEV market in Europe and Africa. No specific investment amount or capacity figures were disclosed.
Aotejia's core business includes thermal management components for batteries, electric drive systems, and passenger compartments in NEVs. The company supplies major Chinese automakers such as BYD, Geely, and SAIC, as well as international brands. Its 2025 revenue reached 8.5 billion yuan, up 35% from 2024.
The Morocco expansion aligns with broader trends of Chinese auto parts manufacturers setting up overseas production to mitigate trade tariffs and shorten supply chains. Aotejia already operates factories in China, Thailand, and Mexico.
