The company is owned by the Chinese Central Government via State-owned Assets Supervision and Administration Commission of the State Council (SASAC).

CHTC entered into the automotive business in 2008, after reorganising Kama's commercial vehicle and diesel engine operation.

In March 2011, Hengtian Heavy Industry incorporated Hebei Lida Special Vehicle Co., Ltd.[6] In June 2010, Jingwei Textile Machinery, another CHTC subsidiary, incorporated truck manufacturer Hubei Xinchufeng Automobile Co., Ltd. and reincorporated parts of it as Hengtian (CHTC) Automobile Co., Ltd.

As part of the deal, Hualing Xingma would acquire CHTC's Hubei Xinchufeng in exchange of shares.

In August 2017, Hualing Xingma announced that various complexities would stop Hubei Xinchufeng acquisition, but the agreement for CHTC taking a stake was still in place.