Zhejiang Xianfeng Machinery Co., Ltd. was founded in Chun'an County, Zhejiang Province in March 1970, and moved to Tongxiang City, Zhejiang Province in October 1989. In April 2011, it was restructured and transformed into a non-public limited liability company. In 2015, after asset evaluation and equity structure adjustment, it was registered as Zhejiang Pioneer Machinery Co., Ltd., and was listed in the national SME share transfer system.