NAVECO Ltd. (hereinafter referred to as "NAVECO"), as a Sino-Italian joint venture established by Nanjing Motor Group Company and IVECO S. p. A., was founded on March 1, 1996 with the total investment of 3.7 billion yuan. Each party to the joint venture owns 50% of the shares respectively. The company consists of 10 divisions, 2 plants (Assembly Plant, Body Plant) and 3 subordinate companies (Engine Company, Axle Company and Gearbox Company), having more than 3000 registered employees, a land of 516000 m2 and the floor area of 202000 m2 .

The company has a designed production capacity of 60000 IVECO vehicles and 75000 diesel engines covering mainly three product ranges: Power Daily, Daily and Traveler, including more than 200 models of 6 tonnages from 3 tons to 6 tons and 5 kinds of wheel base in segments of light bus, truck, military off-road vehicle, medium bus and special vehicles. Among them, the Power Daily range incorporates not only the comfortability of cars but also the practical features of high performance and capacity of commercial & tourism vehicles. It leads a new round of revolution with respect to the technology of light bus in China. 
The company has introduced much modern equipment for machining and inspection, 80% of those from Germany, USA and Italy, which reliably assure the high quality of products. The company has applied the modern managerial system with information technology, like, ERP and e-commerce, and adopted many advanced computer-aid means, such as, CAD,CAE and CAM in a wide scope to boost efficiency.
With quality policy of "Strive for Perfect Vehicles Putting Quality First, Create Famous Brand by Quality and Efficiency Giving Absolutely Priority to Customers" and scientific quality management system, the company has constructed a reliable and effective quality assurance system which passed the certification in accordance with different quality standards applied by the State, industry and army, such as, ISO90001, ISO/TS16949 and GJB9001A standards.

Environment protection is also one value sought by NAVECO. Devoting itself to the development and production of environment friendly vehicles, the company has successively launched vehicles and engines which meet " Euro II" and " Euro III" emission level, based on the environment protection policy "Carry out clean production of environmental-friendly vehicles managing the enterprise by rules, Optimising the green environment continually taking the prevention first".

The environment management system of company has passed thecertification in accordance with ISO14001. The activities relating to environment protection have been audited and accepted with respect to lean production, and the company has won the titles of Jiang Su Environment Friendly Enterprise and Leading Enterprise in Environment Protection.
In the course of construction and development of the company, many leaders of the CPC central committee and the State attached high importance to the growth and development of NAVECO, Hu Jintao, Jiang Zemin, Zhu Rongji, Wu Bangguo, Huang Ju, Li Lanqing, Song Ping, Rong Yiren, Zhou Jiahua, Fei Xiaotong, etc, have inspected the company in succession personally. The company has won the titles of "Excellent Enterprise with Foreign Investment", "Service Unit with Customer Satisfaction" and "Company of Quality Trusted by Consumer ".