Aodong New Energy Vehicle Technology Co., Ltd. (hereinafter referred to as "Aodong") has been deeply engaged in new energy vehicle battery replacement for 22 years and is committed to becoming the world's leading smart energy service platform.

In terms of technical reserves, it has nearly 3,000 global battery swap patented technologies, has won global qualification certificates such as EU CE certification and international electrician certification, and has actively participated in the formulation of more than 68 domestic and foreign industry standards. Aodong has won the titles of "Specialized, Specialized and New" Little Giant Enterprise of the Ministry of Industry and Information Technology in 2021, Guangzhou Unicorn Innovation Enterprise, Guangzhou High-end Enterprise, and China's Excellent Innovation Products for Automobile Supply Chain. At present, Aodong battery swap station has achieved 20 seconds of rapid battery swap for multiple brands of vehicles, greatly improving the efficiency of land and power resources utilization, realizing the intensive utilization of social resources, and creating a shared, fast, safe and friendly service experience for users.

In terms of business model, Aodong has formed a closed loop of battery swap business such as the research and development of core battery swap technology, commercial operation of battery swap stations, urban distributed energy storage, and battery life cycle management.

In terms of car companies' cooperation, Aodong has cooperated with more than 16 mainstream vehicle manufacturers including FAW, Dongfeng, Changan, SAIC, BAIC, GAC, Dongfeng Nissan, and Hezhong, and has jointly developed nearly 30 battery swap models to provide them with Provide shared battery swap services for multi-brand models.

In terms of market layout, it has covered 40 cities across the country, including Beijing, Shanghai, Guangzhou, Xiamen, Haikou, Sanya, Chongqing, Hefei, Zhengzhou, Changchun, Nanjing, Wuhan, Hangzhou, Kunming, Zhangjiakou, Lanzhou, etc., and has put more than 650 units into operation to replace them. Power stations (including under construction) form large-scale commercial battery swap operation solutions. Since 2008, Olympic Games has helped international conferences and activities such as the Beijing Olympic Games, Shanghai World Expo, Guangzhou Asian Games, and Xiamen BRICS Summit. Starting from 2021, Aodong will accelerate the application practice of battery swaps such as taxi, online car-hailing, official vehicles, etc. with an open and diversified cooperation model, using a regional joint venture model in Guangzhou, Shenzhen, Nanjing, Hefei, Dongguan and other places.

In terms of carbon neutrality exploration, Aodong continues to accelerate the layout of the national shared battery swap service network. In May 2021, Aodong reached a strategic cooperation with Sinopec to jointly create new scenarios for diversified comprehensive energy services and help the country achieve its "dual carbon" strategy . In November of the same year, BP BP and Aodong officially signed a joint venture cooperation agreement, and the two parties created a city-level joint venture model and actively discussed the possibility of domestic cooperation territory expansion and overseas cooperation.

As of June 2022, Aodong's cumulative number of battery replacements exceeded 28.53 million, achieving carbon and emission reduction of more than 253,000 tons. Looking to the future, AOdong plans to put more than 10,000 battery swap stations into operation nationwide by 2025, provide battery swap services for more than 10 million new energy vehicles, build an efficient distributed energy storage network for cities, and use battery swap to match "dual carbon" "Strategies achieve the best response.