A predecessor of Hualing Xingma built its plant in 1970. From the 1980s onwards, it mainly produced cement trucks and mixer trucks. In 1999, the company was incorporated as Anhui Xingma Automobile Co., Ltd.  2003 year of its listing, it signed a long-term technical cooperation agreement with Mitsubishi Fuso of Japan, entering into the heavy truck production. In 2005, the company started exporting its heavy trucks to overseas markets. In 2008, the second-generation heavy trucks from the company were launched. In March 2011, Anhui Hualing Automobile Co., Ltd. became a company's subsidiary through an asset restructuring. In 2012, after a reincorporation, the company adopted its present name.

In late July 2020, it was announced that the Xingma Group had agreed to transfer a 15.24% stake of its shares to Geely New Energy Commercial Vehicle Group, a wholly owned subsidiary of Geely Holdings. After the transaction, Geely New Energy would become the de facto controlling shareholder of Hualing Xingma.