Data from the Tianyancha app reveals that Beijing Yuanqi Physical Intelligence Technology Co., Ltd. has been newly established, with Zhang Yan serving as its legal representative. The company commands an impressive registered capital of 800 million yuan. Its business scope is extensive, encompassing the sales of brand-new energy vehicles, R&D (research and development) and manufacturing of automotive components, production and sales of intelligent in-vehicle devices, as well as the manufacturing of industrial robots and R&D of intelligent robots. This entity is a wholly-owned subsidiary of Beijing Automotive Group Co., Ltd.