According to the Qichacha APP, recently, Meizhou Wetown Smart Energy Technology Co., Ltd. was established, with Guo Cheng as the legal representative and a registered capital of 1 million yuan. The business scope includes: research and development of emerging energy technologies; energy storage technology services; contract energy management; energy-saving management services; sales of Internet of Things devices; battery sales; sales of battery accessories; sales of charging piles, etc. Qichacha's equity penetration shows that the company is jointly held by Wetown Electric's subsidiary Wetown Smart Energy Co., Ltd. and Zhongyu New Energy Co., Ltd