Qiyuan Core Power's market share reaches 80%

In January 2022, Qiyuan Power announced the completion of a 1.5 billion yuan Series B equity financing. Companies participating in this round of financing include China Power, National Green Development Fund, Shangxian Fund, Bank of China Financial Assets, Gree Group's Gree Capital, Yingfeng Group's equity investment fund, Taihang (Shenzhen) Private Equity Industry Fund, etc. CATL invested in Qiyuan Power and became its fourth largest shareholder, holding approximately 5.94% of the shares. At the same time, Qiyuan Power and CATL are also in a customer and supplier relationship. Qiyuan Power is a leading domestic large-scale battery swap service brand, with a market share of 80% in 2022. At present, heavy-duty truck charging and swapping stations have been deployed in 31 provinces, autonomous regions and municipalities across the country, adapting to more than 540 battery swap heavy-duty truck models, becoming the most widely used and customer-oriented heavy-duty truck charging and swapping brand on the market.