According to the Qichacha APP, Beijing Pengzhao Automobile Sales and Service Co., Ltd. was recently established, with Chen Zhiyuan as the legal representative and a registered capital of 5 million yuan. Its business scope includes wholesale and sales of automobile parts, automobile sales, sales of new energy vehicles, sales of new energy vehicle electrical accessories, sales of electric vehicle charging, and sales of battery parts. According to the equity penetration of Qichacha, the company is fully owned by Beijing Xiaopeng Automobile Sales and Service Co., Ltd.