Zhejiang Qingyuan Vehicle Parts Co., Ltd. is located at No. 368, Weiyi Road, High-tech Industrial Park, Nanbin Street, Ruian City, Zhejiang Province. It was founded by Mr. Han Dengming in 1984, and was later restructured into a limited liability company in 2004. The factory covers an area of 25 acres, with a construction area of 26,000 square meters and a registered capital of 50 million yuan. The company's own brand QYAP is a famous brand in Wenzhou. Its main business is the production and sales of auto parts. At present, there are two categories of products, tensioner and VVT valve. The annual production capacity of tensioner is 2.5 million, and the annual production capacity of VVT valve is 200,000. The products are mainly matched with domestic OEMs and exported to European, American and South American markets. In 2019, the sales amounted to RMB 80 million. The company was awarded the title of National High-tech Enterprise in 2011, and currently has 1 invention patent, 18 utility model patents, 22 design patents, and one provincial scientific and technological progress award.