Shandong Wuzheng Group was established in 1961 and underwent restructuring in 2000. After the restructuring, Wuzheng implemented a differentiated development strategy and became a leading enterprise in the agricultural machinery industry by competing with the big with the small and defeating the strong with the weak. Since 2006, Wuzheng has accelerated the adjustment and upgrading of its industrial structure, made every effort to enhance its research and development capabilities and manufacturing level, and achieved the transformation from traditional manufacturing to modern manufacturing. It has successively acquired Zhejiang UFO Automobile and Shandong Tractor Factory, and has now formed five major industries including three wheeled vehicles, automobiles, special vehicles, agricultural equipment, and modern agriculture, with total assets of 9.8 billion yuan and 14000 employees. It is one of the key backbone enterprises in China's machinery industry. The scale of the enterprise ranks 252nd among private enterprises in China, 366th among China's machinery manufacturing industry, 48th among China's large enterprise groups in terms of competitiveness, 51st among industrial enterprises in Shandong Province, and 10th among Shandong's machinery industry. In 2014, the sales revenue reached 16.8 billion yuan. The company has successively won titles such as "National May Day Labor Award", "China Machinery Industry Modern Management Enterprise", and "Shandong Provincial Governor's Quality Award". Wuzheng Technology Center is a "nationally recognized enterprise technology center"; The "Auchi" cargo truck won the "2010 China Truck of the Year Light Truck Award"; Chairman Jiang Weidong was rated as "National model worker" and was elected as a deputy to the 11th and 12th National People's Congress; Employee Zhang Nianli won the first place in the 5th National Youth Vocational Skills Competition for Painting Workers, as well as the title of "National Technical Expert" and the "National May Day Labor Medal". In the new era, Wuzheng will strengthen international economic and technological exchanges and cooperation, introduce advanced international management concepts, rely on lean management, lean design, and information technology to enhance the domestic and international competitive advantages of enterprises and products, and strive to move towards internationalization.