According to public records, Wuwei Huoshan Engine Technology Co., Ltd. has recently been established, with Douyin Ltd. as its indirect sole owner. The company's business scope encompasses the operation of electric vehicle (EV) charging infrastructure and the provision of vehicle charging services, fueling market rumors that Douyin is making a move into the charging pile sector. In response, Douyin clarified that the inclusion of charging sales and facilities in the business scope is a requirement for installing and deploying charging piles within the park, as mandated by industrial and commercial regulations. The company emphasized that it has no intentions of venturing into businesses directly related to charging piles.
