Pai Energy Technology and other companies have established an energy storage company with a registered capital of 100 million yuan.

According to the QiChaCha app, recently, Shenzhen Honghui Xing Energy Storage Co., Ltd. was established, with Wu Kuisheng as the legal representative and a registered capital of 100 million yuan. Its business scope includes energy storage technology services, battery sales, intelligent power distribution and control equipment sales, engineering management services, power generation technology services, etc. The equity penetration displayed by QiChaCha shows that the company is jointly held by Inner Mongolia Xianhong Technology Co., Ltd., a wholly-owned subsidiary of Panasonic Technology, and Shanghai Panasonic New Energy Technology Co., Ltd.