In 1969, the Ministry of Railways established the factory.
In 1974, the factory went into production and the first traction motor at 410kW was produced.
From 1983 to 1986, the manufacturing technology of GE traction motors and electrical appliance and Hitachi subway chopper technology were introduced.
In 2002, Yongji Factory was put under CNR's administration.
In 2007, Yongji Factory was reorganized and restructured as Yongji Xinshisu Electric Equipment Co., Ltd.
In 2009, Yongji Xinshisu Electric Equipment Co., Ltd. was listed on stock market along with China CNR.
In June 2015, Yongji Xinshisu Electric Equipment Co., Ltd. became one of the members of CRRC.
In Jan. 2016, Yongji Xinshisu Electric Equipment Co., Ltd. renamed CRRC Yongji Electric Co., Ltd.
Currently, Yongji Electric covers an area of 1,176,000 square meters with a construction area of 734,000 square meters. Three comprehensive parks, Corporate Function Park, Electrical Industry Park and Green Energy Park, have been set up in Xi'an. Furthermore, Yongji Electric has four subsidiaries and three joint venture companies in Xi'an.