Shibao was founded in 1984. Since establishment, Shibao has committed itself to the research and development, manufacturing and sales of automotive steering products. In 2009, Shibao was awarded as " Leading Enterprise of China Automotive Components Steering Sector" by China Association of Automobile Manufacturers (CAAM). Shibao is also a major participant in the development of China national standards of steering gear industry, was named in the list of "National Top 100 Auto Parts Suppliers" for years.

Anti-static real-time monitoring alarm system was installed, with 300+ points installed on two floors covering nearly 2,000 square meters, and static consumables purchased.