In January 2003, the company started the technical research and development of high horsepower engines, and in 2006, it invested in the construction of engine production base in Yongchuan, Chongqing, the company was formerly known as "Chongqing Cork Engine Technology Company Limited", and because of the company's development needs, the company will be renamed in 2021 as "Chongqing Pangu Power Technology Co.