I know that part. Like the plastic surround a sabot slug in a load-your-own muzzle loader.
I was talking more about the actual final sabot that is formed on an M-1 Sabot round shell.
The Sabot “bullet” has a lightweight, full caliber outer shell, and a sub-caliber, high density ‘core’ specifically shaped for penetration. Upon impact the outer shell is stripped off, and the high l/d ratio core has much concentrated energy to enable penetration.
The other armor piercing round is the HEAT (High Explosive Anti Tank) round. This round has a shaped charge embedded in the shell and detonates at a precise distance from the armor, sending a nearly pinpoint jet of hot gas into the armor, hopefully breaching that armor.