Ningbo Weifu Tianli Turbocharging Technology Co., Ltd. (hereinafter referred to as "Weifu Tianli") was registered and established at the end of 2001. The company is a high-tech limited liability company formed under the cooperation of the Ningbo Municipal Government and China North Industries Group Corporation. In December 2019, Weifu High-Tech Group Co., Ltd. completed its full acquisition of Weifu Tianli, which helped promote the high-quality and comprehensive development of Weifu Tianli.