Guangqi's subsidiary Youpai Energy increased its capital to 3.961 billion.

According to the tianyancha App, in recent days, Upower Energy Technology Co., Ltd. has undergone a business change, with its registered capital increased from approximately 1.861 billion RMB to approximately 3.961 billion RMB. The company was established in September 2010, with Zheng Heng as the legal representative. Its business scope includes research and development of new materials technology, recycling of renewable resources, processing and sales of renewable resources, recycling of production waste metals, processing and treatment of metal scrap and debris, processing and treatment of non-metallic waste and debris, and recycling and cascade utilization of waste power batteries for new energy vehicles. Shareholder information shows that the company is wholly owned by GAC Group.