Peng Xiang, Shandong Automobile Co., Ltd. by the FAW Shandong Automobile restructuring formed by China FAW Group Corporation, Jilin toko Group Ltd., Lei Yan investment companies and corporations to fund the establishment of the Quartet, administered by the layer of the limited liability company, the company Penglai is located on the 5th South Perimeter Road, covers an area of 486,000 square meters, the registered capital of 200 million yuan.

Peng Xiang, Shandong Automobile Co., Ltd. is the exclusive product pattern vehicles, heavy-duty trucks in the drive axle, hydraulic parts, with the annual production capacity of 15,000 dedicated cars and 150,000 drive axle, 15,000 hydraulic cylinder production capacity. Special Vehicle Products are mainly semi-trailer, dump truck, van, tank cars and other four series over 160 varieties; Axle products 435 series, 457 series, 300 series, DA485 Series trucks and passenger cars drive axle, optional installed air suspension, disc brakes, ABS anti-lock devices, brake gap adjustment arm structure. Hydraulic cylinder main 180,191,200 different caliber single-stage, multi-level two series more than 10 varieties. The products sell well in some exported to South Asia, the Middle East, China and the United States and other regions.