The company was founded in December 1999 and is a wheel manufacturing and management enterprise and an intelligent connected vehicle hardware and data service enterprise. On February 9, 2010, the company's stock was listed on the Shenzhen Stock Exchange and became a listed company in the domestic steel wheel industry. It has now formed a development pattern of group companies involved in wheel R&D, production and sales, and intelligent connected vehicle hardware and data services. The company's main business is steel wheel business and vehicle networking operation services. The main products include passenger car aluminum wheels, passenger car wheels, new energy vehicle wheels, lightweight commercial vehicle tubeless wheels, light truck tubeless wheels, light truck steel wheels, commercial vehicle steel wheels, agricultural and forestry machinery wheels, and contact center (TSP) services and solutions. Corporate honors: Yantai Contract-abiding and Reputable Enterprise; Shandong Postdoctoral Innovation Practice Base; won the China Agricultural Machinery Parts Product Gold Award; 2014 Shandong Enterprise Technology Innovation Award; Shandong Famous Brand Product; the honorary title of “Leading Enterprise in China's Auto Parts and Wheels Industry”, etc. In 2008, the “Xingmin” trademark was recognized as a famous trademark by the Shandong Administration for Industry and Commerce, and the “Xingmin” brand products received the honorary title of “Shandong Famous Brand Product”.