2006-2010
Fivestar Vehicle expanded its business scope by venturing into electric vehicles and four-wheeled vehicles, completing its strategic layout.
In 2006, its marketing network basically covered the whole country, and its three-wheeled electric vehicles were awarded the honor of "Top Ten Influential Brands in China's Electric Vehicle Industry".
In 2009, the company entered the off-road four-wheeled vehicle business.
In 2010, it stepped into the low-speed four-wheeled electric vehicle business.
2010-2015
Fivestar Vehicle has focused on structural adjustment to enhance its capabilities.
In 2010, with an investment of 30 million yuan and the adoption of full-process stamping dies, the Luqi fully enclosed passenger vehicle was successfully launched.
In 2013, construction of the new Fivestar plant commenced, and the Fivestar Lingxiang automobile series was introduced to the market.
In 2015, Fivestar appointed Xiaofuxing as its brand spokesperson, released its cartoon image, and completed the upgrade of terminal EI image standards. Annual sales volume of its motorcycle business exceeded 400,000 units.
2017-2021
Strategic integration was carried out for the vehicle business, launching its transformation and upgrading.
In 2017, Fivestar Vehicle Group was established, and research on the new business strategy was fully initiated.
In 2021, Weichai Group completed the strategic restructuring of Lovol Heavy Industry.
