Hunan Rongqing Energy Technology Co., Ltd.

Hunan Rongqing Energy Technology Co., Ltd. is a wholly-owned subsidiary of Shanghai Rongqing New Energy Technology Co., Ltd. Shanghai Rongqing New Energy Technology Co., Ltd. is a controlled company under State Power Investment Corporation (SPIC). It is dedicated to the development of mobile charging and battery swap systems for various scenarios, engineering machinery charging and battery swap delivery systems and three-electric system solutions, whole-machine thermal management system solutions, advanced technology development for port machinery new energy equipment, and technology development for electric energy substitution of fuel equipment, etc. It also provides overall operation solutions for commercial vehicles and engineering machinery charging and battery swap of new energy equipment, power battery leasing, contract energy management and other services. As a company with multiple shareholders, Shanghai Rongqing, while continuously leading advanced mobile charging and battery swap technologies, relies on the synergy and resource empowerment of strategic shareholders to empower the electric heavy truck, green port, and electric engineering machinery industries through a package of overall solutions covering "R&D and production, operating leasing, and operation services." State Power Investment Corporation Limited (abbreviated as "SPIC") is a super-large state-owned important backbone enterprise directly managed by the central government. It was established in July 2015 through the reorganization and merger of the former China Power Investment Corporation and State Nuclear Power Technology Corporation. SPIC is one of China's five major power generation groups and a global photovoltaic power generation enterprise. In 2020, it ranked 316th among Fortune Global 500 companies, with business operations covering 46 countries and regions. SPIC currently has a total of 130,000 employees and owns 62 secondary units, including 5 A-share listed companies, 1 Hong Kong red-chip company, and 2 companies listed on the New Third Board. SPIC shoulders the important mission of safeguarding national energy security. It is responsible for leading the implementation of two national major science and technology projects: "large advanced pressurized water reactor nuclear power plants" and "heavy-duty gas turbines." It is the primary responsible unit for the construction task of the "Energy Industrial Internet" platform and is also a pilot enterprise for state capital investment companies designated by the State-owned Assets Supervision and Administration Commission of the State Council.