Xiang Electric Holding Co., Ltd. has established multiple energy technology companies.

According to the Qichacha app, recently, Hunan Xiang Electric Power Co., Ltd. has invested in and established several energy technology companies, including Hunan Xiang Electric Heng Energy Technology Co., Ltd., Hunan Xiang Electric Cloud Energy Technology Co., Ltd., and Hunan Xiang Electric Hui Energy Technology Co., Ltd. Equity penetration data from Qichacha shows that the newly established companies are all indirectly fully owned by Xiang Electric Co., Ltd.