The company was founded in 2007 and is headquartered in Beijing. It is one of the country's first high-tech enterprises, the first listed independent automobile design company in China, and the leading independent automobile design brand in China. The main business is vehicle R&D, core component R&D and manufacturing, new energy vehicle research and development, etc. The company is a forward-looking technology-driven technological innovation enterprise whose main business is full-process R&D of vehicles and vehicle platforms, development of intelligent new energy platforms, and R&D and manufacturing of core components. The company's main products are multi-class passenger, commercial, fixed use/fuel vehicle vehicles and platforms, skateboard chassis, wire-controlled chassis; four-in-one powertrain, electromagnetic DHT, speed reducer, range extender, electromagnetic clutch, electromagnetic differential lock, electromagnetic power disconnection mechanism, V6 engine, methanol and gas range extender assembly, BoostPDU, PDU products, motor controllers, intelligent vehicle control controllers, regional controllers, and parking integrated domain controllers. The company received honors such as 2018 China's Top 100 Innovative Enterprises, Asia (Industry) Top Ten Innovative Brands, and Beijing Science and Technology Research and Development Institute. It has received honors such as National High-tech Enterprise, Tianjin Innovative Small and Medium Enterprises, “2024 China's Top 100 Design Industry - Top Ten Design Agencies”, and Beijing Top 100 Private Enterprise Cultural Industry.