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New Dongyue Group is a modern group company which integrates tires, electric cars, reducing rubber, automotive parts, rubber machinery, real estate development and small-loans. The Group is located at the western foot of Mount Tai, the first of the Five Sacred Mountains, and at the bank of the scenic Dongping River. With the Jinan-Guangzhou Highway and National Road 105 intersecting here, it enjoys favorable geographical location and convenient transportation. The Group was a private joint-stock enterprise founded in November 2003 through the restructuring of the former Dongping Spline Shaft Factory established in 1958 and the former Dongping Rubber Factory established in 1970. It now has more than 2,200 employees including more than 480 specialized technical personnel, 6 senior consultants and members of the expert group. The company covers an area of 580,000 square meters, and has five subsidiaries: New Dongyue Group Co., Ltd., Shandong Dongyue Electric Vehicles Co., Ltd., Shandong New Dongyue Real Estates Co., Ltd., Shandong New Dongyue Renewable Resources Technology Co., Ltd., and Dongping Yongli Trading Co., Ltd.