Zhejiang Yuanbang New Energy Power Co., Ltd. was jointly invested and established by the former shareholder of Zhejiang Yuanbang Power (90%) and the core management of the enterprise (10%).

The company's main products include research and development, manufacturing, and sales of drive motor shafts and gearbox shafts for new energy vehicles. Its main customer groups include Geely, BYD, Chery, SAIC GM Wuling, Sany Heavy Industry, Shaanxi Automobile Heavy Truck, and other enterprises. The company has cooperated with the Taizhou Research Institute of Southern University of Science and Technology to establish a New Energy Power Technology Innovation Center, which develops intelligent testing equipment, material characteristics, and heat treatment processes.

The company adheres to the business philosophy of integrity and win-win, innovation and excellence, and strives to build an intelligent factory, striving to become an excellent enterprise in the new energy vehicle industry