Shandong Rapad Automotive Technology Co., Ltd. was established through a complete transformation from the original Shandong Rapad Spring Co., Ltd. The company was established in June 2007 and is a modern joint-stock enterprise engaged in the design, research and development, and production of automotive components such as steel plate springs, stabilizer bars, guide arms, and valve springs.
      The company adheres to the construction concept of "high starting point, high standards", positions its products in the high-end market, and adheres to the quality policy of "quality determines destiny, innovation leads the future", achieving steady and rapid development. It has become the main supplier of China National Heavy Duty Truck Group and China FAW Group, and the designated supplier of military vehicle products for the Chinese People's Liberation Army; The company's products have successfully entered the international market and have established extensive cooperation with Swedish Volvo Group, Korean Hyundai, and others; The company has currently formed a relatively reasonable market structure with trucks and buses as the main products, and both domestic and international markets developing together. The ability to resist market risks has been significantly enhanced, laying the foundation for the company's further development and growth.
      In January 2015, the company successfully logged into the National Equities Exchange and Quotations (NEEQ) and entered the capital market, becoming the first company in China to be listed on the New Third Board and adopt a targeted issuance and market making transfer method. It is known as the "Rapade model" of the NEEQ.
      The company has completed the development of over 300 new products, and the "hollow stabilizer bar for commercial vehicles" has been included in the National Torch Plan project; Five technological achievements have passed the scientific and technological achievement appraisal organized by the science and technology department, and have reached the international advanced or domestic leading level. The company has been recognized as a "high-tech enterprise", "China Patent Shandong Star Enterprise", and a provincial "one enterprise, one technology" innovative enterprise. The company's technology center has been recognized as a "provincial enterprise technology center".
The company is currently a member of the Suspension Committee of the China Association of Automobile Manufacturers, a member of the National Spring Standardization Technical Committee, and an executive member of the Shandong Provincial Enterprise Federation. It has been awarded the title of "Designated Military Supplier" by the General Equipment Department of the Chinese People's Liberation Army, recognized as a "Provincial Enterprise Training Base" by the Shandong Provincial People's Government, and recognized as a "Five Star Youth Employment and Entrepreneurship Internship Base" by the Shandong Provincial Committee of the Communist Youth League. The company has jointly established a "Teaching and Research Practice Base" with Shandong University of Technology, and has successively won the titles of "China Machinery Industry Management Standard Enterprise", "Shandong Famous Brand Product", "Shandong Province Energy Conservation and Environmental Protection Demonstration Enterprise", "Provincial Contract abiding and Creditworthy Enterprise", "Provincial Fine Management Model Enterprise", "Provincial Specialized and Innovative Small and Medium sized Enterprise", and "First Zibo". Mayor's Quality Award Honorary titles such as "Top 500 Taxpaying and Innovative Development Enterprises in Zibo City" and "Safety Standardization Unit".