Recently, Qiji New Energy Technology (Xuancheng) Co., Ltd. has been incorporated with Xiong Hongrui serving as its legal representative and a registered capital of 5 million yuan. The company's portfolio encompasses a diverse range of activities, including research and development in emerging energy technologies, sales of battery swapping facilities for new energy vehicles, online energy metering technology R&D, energy performance contracting, sales of batteries and charging stations, as well as charging services for motor vehicles. According to shareholder information, Qiji New Energy Technology (Xuancheng) Co., Ltd. is a wholly-owned subsidiary of Qiji Green Energy Technology (Shenzhen) Co., Ltd., which in turn is a wholly-owned subsidiary of CATL.