Hualing Xiangtan Iron and Steel Co., Ltd. is one of the three major iron and steel enterprises in Hunan, and Hunan Automobile Axle Factory is the earliest state-owned enterprise that produces semi-trailers and lifting trucks in Hunan. Valin Automobile mainly produces commercial vehicles such as heavy trucks, heavy semi-trailers and heavy special off-road vehicles, as well as various chassis parts such as special heavy axles, heavy frames, wheels, suspensions and brakes.