On March 6, Shanghai Kuaibu New Energy Technology Co., Ltd. was established. Fujian Baicheng New Energy Technology Co., Ltd. holds 51% of shares, and Contemporary Amperex Technology (CATL), China's largest automotive lithium-ion battery maker, holds the remaining 49% of shares.

Shanghai Kuaibu New Energy Technology Co., Ltd. is a new energy technology company. Its business scope includes new energy technology, battery technology, parking lot (storage) operations, and construction and operation of new energy vehicle charging and replacement facilities.

The company's legal representative is Chen Shengwang, with a registered capital of 50 million yuan.

CATL is a well-known manufacturer of power batteries, and its partner Baicheng New Energy is also committed to the development and promotion of new energy technologies. Its business scope also includes online booking of taxi passenger services. Recently, it has been in the spotlight due to cooperation with Tesla.