Intellectual property refers to the exclusive rights that people enjoy in accordance with the law in their intellectual work. Usually, the state gives the creator exclusive rights to their intellectual achievements for a certain period of time. Intellectual property is essentially an intangible property right. Its object is intellectual achievement or intellectual product. It is an intangible property or a spiritual wealth without form. It is the result of labor created by creative intellectual labor. Like tangible property such as houses and automobiles, it is protected by national laws and has value and use value. The value of some major patents, well-known trademarks or works is much higher than the tangible property such as houses and automobiles.

Since its inception, BEVS has been adhering to the principle of independent research, development and continuous innovation. It has achieved good results in intellectual property rights and has a number of invention patents. BEVS will continue to innovate in the spirit of artisans, bringing more innovative and practical instruments to the industry.