Year 1969, the predecessor of Wanxiang Group was founded. Starting with the investment of 4,000 Yuan, the founder, Mr. LU Guanqiu, successfully created an agriculture machinery repair factory alongside the beautiful Qiantang River. Enjoying the annual growth rate of 25.89%, the factory has transformed into a modern multinational enterprise with more than one hundred billion Yuan’s revenue and over ten billion Yuan’s profit, also it has been selected by the State Council of China into the group of the 120 Pilot Enterprises, also it is the only automotive components manufacturing company among the 520 National Key Enterprises. Been honored as ‘The Evergreen Company’, Wanxiang Group is believed as a pioneer in the internationalization process of Chinese enterprises, and one of the 16 most competitive Chinese enterprises in the global market.