TIP was established in 1994, mainly focusing on the R&D and manufacturing of automobiles, engineering vehicles, engineering machinery, medium and high-pressure hoses and assemblies. TIP is a national high-tech enterprise with two production and R&D bases in Shanghai and Ninghai Ningbo, six manufacturing plants and 1 joint venture. 

TIP was listed on the Shanghai Stock Exchange on August 25, 2020. The stock name abbreviation is TIP Corporation, and the stock code is 605255. 

TIP‘s main OEM customers are Nissan Global, Mazda Japan, Ford, Kubota, JMC, FAW, Geely, Toyota, Zoomlion, Claas and other automobile，construction vehicles and hydraulic machinery enterprises.