Rui'an Yuxi Steering Device Co., Ltd. was formerly known as Ruian Luofeng Chuangqi Auto Parts Factory. The company was established in 1999 and was renamed in 2009. It is one of the early companies entering the steering gear in Wenzhou. . After nearly 20 years of development, the company's current asset size has exceeded 100 million, with more than 300 employees, and is one of the members of the Automobile Steering Association.