"Kaifa Electric and others establish a new company with Internet of Things business."

According to the QiChaCha app, Tianjin Kaiyu Intelligent Navigation Technology Co., Ltd. was recently established, with Wang Chuanqi as the legal representative and a registered capital of 10 million yuan. Its business scope includes energy storage technology services, research and development of emerging energy technologies, research and development of efficient energy-saving technologies in the power industry, information system integration services, and IoT technology services. According to QiChaCha's equity penetration display, the company is jointly owned by Kaifa Electric and others.