Founded in 1969,Wanxiang Group, based on township enterprise, is one of 120 Pilot-basic Enterprise Groups and one of 520 Key Enterprises in China. It owns National Class Technical Center, National Class Laboratory, High-tech Incubate Center, Postdoctoral Work Station. At the same time, it holds the right of foreign affairs and foreign trade. With the total assets of more than 8 billion RMB, the group has over 10,000 employees. In 2016, the group completed the business income of 115.8 billion RMB, the profit of 10 billion RMB, and the export for earning foreign currency of 3.436 billion US $. The main products of the group include 8 series, such as Universal Joint, CVJ, Bearing, Hub Unit,Propeler&Transmission Shaft,Shock Absorber, Brake, Rolling Elements Rubber Parts etc. All of them have gained ISO9000 and QS9000 Quality System Certification. And the products have been supplied to GM, Ford and other countries. The goal of the enterprise for the main business is to become an auto parts supplier with an independent technology developing capability, market controlling capability and its brand system and build to be a real Auto Parts Export Base in China.