The company was founded in 1997 and landed on the Shenzhen Stock Exchange GEM on March 19, 2015. The company is engaged in R&D, production and sales of automobile engines, transmission parts and lithium battery cathode materials. It is a national high-tech enterprise. The company's main business has expanded from traditional automotive precision hydraulic business at the beginning of listing to the fields of electromagnetic drives, electronic drives, lithium battery cathode materials and automotive electronics products. The company's main business is R&D, production and sales of automotive engine parts, intelligent electronic control for new energy vehicles, and lithium battery cathode materials for new energy sources. The main products are precision parts products for automobile engines and transmissions, intelligent electronic control and incremental parts products for new energy vehicles, and lithium iron phosphate cathode materials. Company honors include SAIC-GM Intelligent Manufacturing Pioneer, SAIC-GM-Wuling Excellent Quality Award, Shanghai Volkswagen Excellent Supplier, and Geely Automobile Quality Improvement Award.