Founded in October 2006, Hangzhou Xingdi Group Co., Ltd. was formerly known as Hangzhou Hanggua Machinery & Electrical Co., Ltd. The predecessor of Hangzhou Hanggua Machinery & Electrical Co., Ltd. was Hangzhou Trailer General Factory established in 1958. Through several generations of development and innovation, the company has shifted from producing single semi-trailers and farm vehicles to a company with three feature plates businesses: farm vehicles, motor industry with DV motor and stepping motor as the main products, and specialized vehicles and special vehicles. The leading products of Xingdi Group are "Baoshi" brand low-speed vehicles and light-duty trucks.
The Group Company now has several wholly-owned and holding companies, such as the Business Department of Hangzhou Hanggua Machinery & Electrical Co., Ltd., China National Commercial Automobile Co., Ltd., Hangzhou Zhongda Electric Co., Ltd., Hangzhou Hengli Motor Manufactory Company, and Hangzhou High-Reach Engineering & Machinery Co., Ltd.