The company was founded in 1953. Its leading products are long rod forgings such as automobile front axles and automobile axle assemblies. It currently has 1,995 employees, including 448 professional and technical personnel including national, provincial and ministerial level experts, and has strong product process technology research and development capabilities. The patented technology of "automobile front axle roller forging and die forging composite process" independently researched and invented has the characteristics of low investment, quick results, good intrinsic quality of forgings, quick production and model change, energy saving and material saving, less pollution, significant technical, economic and social benefits, etc. With a series of advantages, it won the special gold medal at the 10th China Patented New Technology and New Products Expo in 2002, the gold medal at the 2005 National Invention Exhibition and other honorary titles.
In August 2015, Tri-Ring Axle was listed on the "Top 500 Chinese Manufacturing Enterprises in 2015" sponsored by the China Manufacturing Enterprises Association, ranking 476th.