SRM Shineray Automobile Co., Ltd., founded in 2002 through a Sino-Italian joint venture between Shineray Group and Stime (Italy), originally produced motorcycles before diversifying into compact SUVs, mini pickups, and electric vans. Its flagship model, the SRM X3 EV cargo van, launched in 2018 with a 45 kWh battery offering a range of 300 km NEDC, targeting last-mile logistics. The company also produces gasoline mini trucks such as the T20 series and the V3 microvan, serving rural and urban commercial markets in China. In 2023, SRM Shineray sold around 50,000 vehicles, supported by a low-cost manufacturing model. Interesting note: SRM Shineray’s modular platform strategy allows rapid conversion of gasoline chassis to electric variants, reducing development lead times and production costs.