A brand and BYD have established a joint venture, and they have cooperated in electric vehicle charging business several times.
1min read According to Tianyan Check, Shenzhen Baoxin New Energy Technology Co., Ltd. was recently established, with registered capital of RMB1 billion, and its business scope includes investment activities with its own funds, intelligent control system integration, electric vehicle charging infrastructure operation, energy storage services, and charger sales, etc.
Equity penetration map shows that Shenzhen Baoxin New Energy Technology Co., Ltd. is wholly-owned by Shenzhen Baoxin BYD Electric Vehicle Investment Co., Ltd., and the latter is held by Shenzhen Baoxin (China) Co., Ltd. and BYD Automotive Industry Co., Ltd. respectively with 80% and 20% shares.
Previously, Baoxin has cooperated with BYD many times in the electric vehicle charging business.
In September 2023, Baoxin's official WeChat public account released that Baoxin's largest global electric vehicle charging station officially opened in Shenzhen, which is operated by Shenzhen Baoxin BYD Electric Vehicle Investment Co., Ltd. And in November, the joint venture of Baoxin and BYD operated more than 13,000 electric vehicle charging terminals in Shenzhen and planned to expand its charging network to other cities in China in the future.
In February 2024, BYD and Baoxin's Brazilian subsidiary Raízen Power signed a strategic partnership, planning to build eight major urban BYD-Baoxin electric vehicle charging centers in Brazil in the next three years.
