Chinese operator of clean energy projects unveils self-developed products

GCL Energy Technology Co, or called GCL-ET, a Chinese operator of clean energy projects, launched self-developed products, including three types of energy hubs - battery exchange ports for commercial, delivery and passenger vehicles, as well as sharing charging package and digital operation platform on Wednesday.

Based on its advantages and experience in the energy industry, GCL-ET has transferred its core business from energy production into energy service since 2021, mainly focusing on electrical vehicles' power exchange.

At present, the company has built nine power exchange stations for passenger vehicles and four power exchange stations for commercial vehicles. It plans to build 300 power exchange stations by the end of 2022.

"The popularization of new energy vehicles is an important signal that China is becoming a strong county for vehicle industry," said Li Yujun, executive CEO and CTO of GCL-ET.

In 2021, China sold 3.52 million new energy vehicles, a year-on-year increase of 157.5 percent. The electrical vehicles are widely accepted by the public. However, the power charging problem still exists.

The power exchange mode can better alleviate car owners' concerns about vehicle charging issues.

According to the company, GCL-ET finished funding of 3.77 billion yuan in March, which will mainly be invested in new energy vehicle power exchange stations projects.

"With the core technology, we will accelerate the popularization of power exchange model and effectively prompt the process of smart transportation and zero-carbon city," Li said.

Yao Yuxin contributed to this story.