On January 12th, Baison Smart disclosed in an official announcement that it had recently entered into a "Strategic Cooperation Agreement for Parking Lots" with Powerlong Group. The anticipated total value of the collaborative efforts between the two entities, focusing on parking lots, is projected to hit 200 million yuan. Powerlong Group, along with its subsidiaries, possesses the operational rights or outright ownership of commercial parking facilities situated in diverse regions nationwide. In a bid to elevate the standards and efficiency of parking services and management, they have expressed their intent to partner with specialized operating firms. Baison Smart, along with its affiliated entities, stands out as a provider of comprehensive solutions for parking and the operation and management of charging infrastructure for new energy vehicles. They are set to take charge of the systematic management of the pertinent commercial parking lots.