On October 15th, at the "2021 China Automotive Supply Chain Conference" hosted by China Association of Automobile Manufacturers, the electric recirculating ball steering system developed by Zhejiang Shibao Co., Ltd. won the "2021 China Automotive Supply Chain Outstanding Innovation Achievement".

      The China Automotive Supply Chain Conference has been successfully held for 18 sessions so far. It is a top-level conference in the automotive supply chain field carefully created by the China Association of Automobile Manufacturers. It has an increasing influence in the automotive industry and has become a comprehensive gathering of domestic and foreign vehicle and parts industry elites and governments. An important communication platform for the Chinese automotive industry for leaders of competent departments, industry experts and mainstream media.

      The selection of "Excellent Innovation Achievements in China's Auto Supply Chain" in 2021 began in May. After nearly half a year, it has passed enterprise declarations, preliminary selections and expert reviews. The selection procedures are rigorous and fair. One of the authoritative awards has become the most important opportunity for Chinese auto parts companies to showcase their innovative achievements in the field of technological innovation every year.

      Shibao has developed the electric recirculating ball steering system (RB-EPS) for more than ten years. It has the earliest authorized invention patent in the world, which is the first in the world. In 2018, it began mass production of new energy commercial vehicles for Foton and Geely. It is the only company in China that has achieved mass production. The company has more than ten invention patents and utility model patents on this product, and there are more than ten patents being applied for. At present, customers using Shibao's electric recirculating ball steering system include Foton, Geely, FAW, Dongfeng, BYD, Sinotruk, Jianghuai, Shaanxi Automobile, Yutong, Suzhou Jinlong, Sichuan Nanjun, etc.

      The electric recirculating ball steering system is the first choice for urban electric logistics vehicles, and it is also the best choice for fuel light trucks and light buses to improve steering performance, energy saving and environmental protection. The electric recirculating ball steering system developed by Shibao has the advantages of energy saving and consumption reduction, speed assistance, weight reduction and cost reduction, and active return. It can greatly improve the steering stability of the car and the driving experience of the driver. It also has the function of expanding intelligent steering. , Has been used by customers for smart logistics light trucks and light buses in the park. At present, the first, second, and third-generation products of Shibao have been successfully developed and mass-produced. The development and verification of the fourth and fifth-generation new products are being carried out step by step and orderly.