Founded in 1987, the company has developed from a small workshop into a large-scale enterprise integrating machining, riveting, heat treatment, automobile modification and Weineng motor manufacturing and sales. Under the three major groups, Taifeng Automobile Chassis Manufacturing Group includes Shouguang Brake System Company, Foundry Company, Automobile Chassis Manufacturing Company, China Taifeng Special Purpose Vehicle Company, Automobile Economic and Trade Company (Futian Economic and Trade Company, Heavy Duty Truck Economic and Trade Company), Special Purpose Vehicle Manufacturing Company, Shaanxi Taifeng Automobile Brake System Company, etc. Dongfeng Electric (Shandong) Vehicle Co., Ltd. consists of Dongfeng Electric (Qingdao) Vehicle Company, Dongfeng Electric (Shouguang) Vehicle Company, Weineng Electric Control Company, Weineng Automobile Manufacturing Company, Weineng Environmental Power Company and Dongfeng Electric (Shandong) International Trade Division, etc. Shengtai Global New Energy Technology Group Holding Company owns Weifang Weineng Environmental Power Company, Geobi Electric Vehicle Company, SFM Company (Germany), DBG Company (Netherlands) and other companies, with a total area of more than 4,000 mu. It has more than 3,500 production and operation personnel and annual sales of nearly 2 billion yuan. It has been rated as an "AAA" credit enterprise for many years and the first batch of "A-level taxpayers" of Shandong Provincial State Taxation Bureau.
Since 2005, the company has passed the ISO900 1 quality management system certification. ISO/TS 16949: 2009 international quality management system has been fully implemented, and some of them have passed the certification of China Automobile Product Certification Center, and have the right to operate import and export trade.