The company was established in 1988 as a joint-stock company through the restructuring of Hubei Axle Works. In 1997, its stock was listed on the Shenzhen Stock Exchange. In 2014, it was renamed Steyr Power Co., Ltd., and Steyr Power (Changzhou) Engine Co., Ltd. is its wholly-owned subsidiary. The company's main business: manufacturing and sales of auto parts; sales of self-produced mechanical and electrical products, diesel engines, and parts; Company culture: 1. Customer, 2. Innovation, 3. Quality, 4. Responsibility.
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