Founded as Qingdao Haili Meida Steel Products Co., Ltd. Focused on steel wheel manufacturing for commercial vehicles. Early growth was driven by demand in China’s booming heavy-duty truck market.
Board resolution executed to restructure the company into a foreign-invested joint-stock limited company, with sponsors including Qingdao Haili Holdings, Japan Meidawang, and Qingdao Tiancheng Investment
Formal completion of the foreign-invested stock company restructuring; received new business license under the updated corporate structure
Successfully listed on the Shenzhen Stock Exchange (SZSE). Stock code: 002537. Raised capital to expand its wheel and steel processing capacity.
Merged and acquired automobile parts and special-purpose vehicle companies under BAIC Foton, and the automobile industry rapidly developed and expanded.
Began diversifying into automotive lightweight components beyond wheels. Acquired companies in the automotive structural parts sector. Rebranded and gradually transitioned from traditional wheel products to instrument panel
Acquired Union Mobile Pay– a licensed third-party payment platform. Entered the mobile messaging and payment processing space, serving banks and financial institutions. Marked the start of a dual-core business model: Intelligent
Invested heavily in automated production lines, robotic welding, and hot stamping technologies. Built a nationwide manufacturing network with over 40 production bases in China. Secured partnerships with major OEMs including Geely
patented multiple new manufacturing methods, strengthened tooling and mold production,enabling introduction of higher-precision and cost-efficient parts
Became a leader in instrument panel crossbeam manufacturing in China (~20% market share). Developed proprietary 1800MPa ultra-high-strength steel forming processes. Focused on providing lightweight chassis systems
Announced plans on non-core businesses, including: Union Mobile Pay (payment business). Commercial vehicle wheel business.
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