Xiangyang Automobile Bearing Co., Ltd. built in 1968 years, the Fourth Five-Year Plan period of China's investment in 120 million yuan for the construction of China's automobile manufacturing facilities bearing the national key projects; joint-stock reform was completed in 1993, the company stock "Xiangyang Bearing "in January 1997 listed on the Shenzhen Stock Exchange (code 000678). Xiang axis company currently employs more than 2,300 people, the total assets of 920 million yuan, covers an area of nearly 800 acres, more than 26 sets of major equipment, produce 0,2,3,4,5,6,7,8, N, U , QJ, K, 12 types of more than 2,000 varieties of metric and inch tapered bearing bearing an annual production capacity of more than 50 million units, is the largest professional manufacturers of automotive bearings and bearing manufacturing bases in one of the top five export .

1996 year 11 月 first in the bearing industry, the company passed the ISO9001 quality accreditation, the end of 1997 the company obtained ISO9001 American FMRC product quality certification. March 2005 by SGS International Certification Company ISO/TS16949: 2002 quality management system certification; May 2008 by SGS International Certification Company ISO/TS16949: 2002 quality management system review; May 2011 by SGS international certification company ISO/TS16949: 2009 quality management system certification; May 2011 by SGS International Certification Corporation ISO9001: 2008 quality management system certification .

Xiang shaft's "ZXY" brand bearings, has been the formation of heavy, medium, light, mini, cars and other kinds of models supporting the bearing system, the vehicle supporting the supply of Dongfeng, liberation, JAC, BYD, Geely, Chery, Beijing Automotive, Shaanxi Auto, Liu steam and the "Isuzu" N series models. In addition to producing various types of vehicles, tractors and machinery bearings, but also for the designing and manufacturing special purpose bearings and bearing components .

Xiang shaft company in the country with 13 sales branches, 14 distribution centers built, product sales in over 30 provinces, autonomous regions, "ZXY" bearing on the market is the best-selling auto brand .

Xiang-axis with the country's only dedicated automotive bearing research, design, development, and Provincial Institute of Automotive bearings Technology Center, using advanced computer-aided design system, the establishment of a CAD workstation, complete formation of a detection, advanced detection methods and product test center and test center .

2006, the company was the Ministry of Commerce, Development and Reform Commission approved the "National Auto Parts Export Base"; 2008 years, "ZXY" trademark was awarded the State Administration of Industry and Commerce, "China Famous Brand" title, Xiangfan, Hubei Province People's Government axes the company was identified as "high-tech enterprise", Technology Center of Science and Technology Department of Hubei Province was identified as "car bearing construction Technology Research Center ", the company was Xiangfan Municipal Government as" the headquarters of the enterprise "by China Association of Automobile Manufacturers, China Automotive News named the sixth consecutive" National Top 100 Automotive Parts Supplier ".