Xiangyang Yuqing Transmission Technology Co., Ltd. was established on the basis of the original business office of Xiangyang Automobile Bearing Co., Ltd. (stock code 000678) in May 1999. At present, the company is mainly engaged in two series of new energy vehicle electric drive (motor, electronic control) and mechanical drive (metallurgical equipment, ball cage constant velocity universal coupling, non-standard bearings). The company is a national high-tech enterprise, which has obtained 65 national patents, including 17 invention patents; Obtained the certification of Hubei Provincial Technology Center; It has successfully applied for one National 863 Plan, two key projects of the National Torch Plan, two national major achievements transformation projects, two national key new products, one major science and technology project in Hubei Province, and seven key research projects in Hubei Province. The company has passed ISO9001 and TS16949 quality system certification. The company's self-developed electric drive system for incremental/plug-in electric commercial vehicles has been successfully selected as a key project in the field of modern transportation technology in the National 863 Plan, and has been listed as a major project in the transportation field in the "12th Five Year Plan" by the National Development and Reform Commission. The company's enterprise standards for electric drive system of electric vehicles, ball cage constant velocity universal coupling, three cylinder plunger pump bearings, etc. have been awarded the "Enterprise Standard Certificate" by Hubei Provincial Bureau of Quality and Technical Supervision.