Recently, Hunan Yianqi New Energy Technology Co., Ltd. has been incorporated with Shi Fang serving as its legal representative and a registered capital of RMB 3 million. The company's scope of operations encompasses research and development in cutting-edge energy technologies, sales of charging stations and electrical accessories for new energy vehicles, as well as the development of artificial intelligence, network and information security software, and information system integration services. The equity breakdown reveals that Hunan Yianqi is a wholly-owned subsidiary of Beijing Yianqi New Energy Technology Co., Ltd., which is jointly owned by Mercedes-Benz (China) Investment Co., Ltd. and BMW Brilliance Automotive Ltd., each holding a 50% stake.
