Wanxiang Group was founded in 1969. Since Lu Guanqiu founded a farm machinery repair plant on the Bank of Qian Tang river with 4000 yuan of funds, it has developed into a modern transnational conglomerate with revenues of over 100 billion and over 10 billion by an average annual increase of 25.89%. Wanxiang is the 120 pilot enterprise group of the State Council and the only auto parts company of 520 key enterprises in the country. It is one of the 16 international competitive enterprises that China has entered the world famous brand. It is known as "evergreen tree of Chinese enterprises".
Wanxiang is the main industry of automobile parts manufacturing and sales, and is one of the representative enterprises of auto parts manufacturing in China. The universal form has 6 square kilometers of manufacturing base in China, to establish a stable and cooperative relations with the FAW Group, SAIC, GAC, the leading product market share of more than 65%. Abroad, there are nearly 30 companies in 10 countries, including 30 countries, more than 40 factories and over 16000 overseas employees. They are the supporting partners of general motors, Volkswagen, Ford, Chrysler and other leading auto factories. The dominant product market share is 12%.
In 1999, Wanxiang began to lay out clean energy, vigorously develop batteries, electric vehicles, natural gas power generation, wind power and other industries, and invested billions of yuan. In recent years, Wanxiang has cooperated with many clean energy enterprises that have advanced international technology, and has cooperated with SAIC to produce new energy buses. Karma automobile has reached an important partnership with BMW. Now, 47 years of accumulated universal advantage, ready to invest more than 200 billion yuan, launched the "universal energy innovation city" construction, overall planning, co-ordinate the implementation of the development of new energy components, batteries, buses and passenger cars, the goal is to build an international high-tech clean energy company.
In addition, Wanxiang actively responds to the call for the back feeding of agriculture, engaged in the research and development of seed industry, ocean fishing and deep processing of marine products. There are 7 companies, including 3 listed companies, which directly lead about 400000 farmers to become rich.
For nearly half a century, the world has always kept pace with the times and surpassed itself. Facing the future, the world will continue to forge ahead and strive for the completion of the 100 year enterprise which is respected by the world.