Global Automobiles Undervalued Small Caps

Hu Lane Associate

Market Cap: NT$15.1b

Engages in manufacture and sale of terminal devices, terminal crimping, industrial rubber, and plastic products in Taiwan.

Iochpe-Maxion

Market Cap: R$1.5b

Produces and sells automotive wheels and structural components for commercial and light vehicles in North America, South America, Europe, Asia, and internationally.

Zhejiang Asia-Pacific Mechanical & ElectronicLtd

Market Cap: CN¥9.2b

Engages in the development, production, and sale of automotive parts and components in China and internationally.

Futaba Industrial

Market Cap: JP¥91.8b

Manufactures and sells automotive parts, equipment for external sales, and agricultural equipment in Japan and internationally.

Shenzhen VMAX New Energy

Market Cap: CN¥13.2b

Engages in the research, development, production, and sale and technical services of new energy vehicle power products in China and internationally.

Wuxi Zhenhua Auto PartsLtd

Market Cap: CN¥7.2b

Manufactures and sells auto parts in China.

Sandhar Technologies

Market Cap: ₹33.8b

Engages in the manufacturing and assembling of automotive components for the automotive industry in India and internationally.

Standard Motor Products

Market Cap: US$847.6m

Manufactures and distributes replacement automotive parts in the United States and internationally.

SAF-Holland

Market Cap: €679.3m

Manufactures and sells chassis-related assemblies and components for trailers, trucks, semi-trailers, and buses.

Musashi Seimitsu Industry

Market Cap: JP¥196.6b

Manufactures and sells automotive parts in Japan, the United States, Asia, China, and Europe.

Zhejiang Meili High Technology

Market Cap: CN¥5.8b

Engages in the research and development, production, and sale of high-end spring products in China and internationally.

Alicon Castalloy

Market Cap: ₹14.0b

Manufactures and sells aluminium castings in India.

Gestamp Automoción

Market Cap: €1.7b

Designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia.

Zhejiang Qianjiang Motorcycle

Market Cap: CN¥8.0b

Researches and develops, manufactures, sells, and services motorcycles and accessories in China and internationally.

Tianneng Power International

Market Cap: HK$8.3b

An investment holding company, engages in the research, development, manufacture, and sale of power batteries for electric vehicle market in the People’s Republic of China and internationally.

Aisan Industry

Market Cap: JP¥126.6b

Engages in the manufacture and sale of automotive parts in Japan and internationally.

Kunshan Huguang Auto HarnessLtd

Market Cap: CN¥13.7b

Engages in the research and development, production, and sales of wiring harnesses for passenger vehicles in China.