Recently, Qiji New Energy Technology (Zhangjiakou) Co., Ltd. has been officially incorporated, naming Zhang Yongxin as its legal representative and boasting a registered capital of 5 million yuan. The company's scope of business encompasses the R&D of cutting-edge energy technologies, the marketing of battery swapping equipment for new energy vehicles, the development of online energy metering technologies, and the provision of energy management services. As per the equity structure, this venture is a wholly-owned subsidiary of Qiji New Energy Technology (Shijiazhuang) Co., Ltd., which itself is a part of the CATL group.