Since its establishment in 1984, after more than 20 years of development, Xinfei has developed into the first import and export inspection-free enterprise in six central provinces with 1 Chinese well-known trademark and 2 Chinese famous brand products. A Chinese white goods giant with three leading products: refrigerators, freezers and air conditioners, its products are exported to more than 50 countries and regions around the world.

In 1994, Hong Leong Asia entered as a strategic partner.

In 2003, Xinfei produced and sold nearly 2 million refrigerators and nearly 300,000 air conditioners.

In 2004, the sales volume of Xinfei refrigerators (cabinets) exceeded 2.1 million units, a year-on-year increase of 21%, and the sales volume of air conditioners increased by 130% year-on-year.

In 2005, Hong Leong Holdings of Singapore acquired Xinfei Electrical Appliances, which has since become a Singaporean brand.

In 2006, Xinfei refrigerator sales increased by 10% year-on-year, and sales revenue increased by 11% year-on-year, becoming one of the fastest growing companies in the refrigerator industry.

In 2007, the production and sales of Xinfei refrigerators reached 3.53 million units, a year-on-year increase of 15%, and the sales of air conditioners increased by 21% year-on-year. Xinfei's high-end wine cabinets occupy the mainstream market in the United States; the growth rate of Xinfei refrigerators (cabinets) in markets such as North Korea and Mongolia has soared, reaching 40% and 110% respectively. In 2008, Xinfei's total sales of refrigerators, freezers, and air conditioners increased by 15% year-on-year (now closed), and its sales revenue increased by 19% year-on-year, reaching a record high. It has ranked among the top two in the refrigerator and freezer industry for six consecutive years.

At Xinfei Electric’s 2012 Annual Marketing Summit, Xinfei Electric planned to expand the production scale of refrigerator products through long-term investment projects such as mergers, acquisitions or cooperation, and at the same time actively promoted the development of product lines including washing machines, air conditioners, etc. extend.