The company was established in early 1998, the joint-stock enterprise technology development, after four years of self-development as well as specialized and Tsinghua University, Shanghai Jiaotong University and other units, the successful development and production of permanent magnet motors, controllers, electric bicycles bikes have reached domestic leading level , with electric cars seven patents, five provincial new products, and would be the country's first in nine areas. By the end of 2001 the company was named high-tech enterprises, electric vehicle controller and the motor is as high-tech products. By the company as product quality and after-sales service for the corporate life, in 2001 was named the China Association for Technical Supervision Information "in Hebei Province satisfied with the service quality and efficiency of the market," the award-winning unit; Ming Hing electric bicycles, tricycles Ming Hing was named "the focus of Hebei Province promotional products "; electric vehicle systems invention was rated" outstanding invention projects in Hebei Province. " The company was "China Quality Miles" as two consecutive years without complaints enterprises.