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Data from the Tianyancha app reveals that Jiangsu Wetown Chenheng Intelligent Electric Co., Ltd. has been newly established, with Chai Jitao appointed as its legal representative and a substantial registered capital of 10 million yuan. The company's business scope is extensive, encompassing the sales of intelligent power transmission, distribution, and control systems; the production and sale of power electronic components; the manufacture of transformers and related equipment; the sales of mechanical and electrical apparatus; the sales of cutting-edge power electronic devices; the sales of primary new energy equipment; and the provision of energy storage technical services. Regarding its shareholder structure, the company is a joint venture among Wetown Electric Group Co., Ltd., Chenheng Technology (Hainan) Co., Ltd., and individual investor Zhai Yijun.
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