Zhejiang Shibao established a car safety system company.

According to the Qichacha APP, recently, Anqing Shiterui Automotive Safety System Co., Ltd. was established, with the legal representative being Lai Zhong and a registered capital of 10 million yuan. Its business scope includes manufacturing automotive parts and accessories. According to the equity penetration shown on Qichacha, the company is fully owned by Zhejiang Shibao's subsidiary Wuhu Shiterui Transmission System Co., Ltd.