Xiaomi Invests in NEV Charging Services Firm KBVIP

Jun 02, 2022, 12:58pm2022/06/02 14:04:55 Pandaily

Xiaomi<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s Hanxing Venture Capital has reportedly carried out investment to become the third-largest shareholder of KBVIP, assigning Li Xiaoshuang, the core figure in Xiaomi<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />‘s vehicle production division, as a director in charge of entering the field of integrated battery systems.

According to its official website, KBVIP was established in 2020 as a joint venture of BACN and CATL. The company takes advantage of its unique big data detection and electric vehicle charging services to provide users with integrated power stations and service solutions. At present, it has built nearly 20 intelligent power stations providing photovoltaic energy storage and charging.

Split type energy storage cabinet (Source: KBVIP)

Chen Shengwang, CEO of KBVIP, said that the company will develop fast charging and battery detection technology for electric vehicles, and build a global photovoltaic energy storage and charging network before 2030 to serve the two major fields of energy storage and automotive aftermarket. In June of last year, the firm signed a cooperation agreement with Aiways Automobile, and the two parties will cooperate on “photovoltaic energy storage, charging, and detection.”

Xiaomi<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> has already carried out various investments in this field. On March 24, Beijing Welion New Energy altered its registration with the Industrial and Commercial Administration, adding Hubei Xiaomi<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> Changjiang Industrial Investment Fund Management. Welion New Energy is a solid-state lithium battery developer, and has reached strategic cooperation with well-known enterprises such as SAIC, FAW and NIO<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder />. The hybrid solid-liquid battery produced in cooperation with NIO<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> is expected to start mass production at the end of this year or the first half of next year. Before KBVIP, Xiaomi<img decoding="async" class="trade-card__loading" layout="fixed" height="50" width="50" src="https://assets.pandaily.com/uploads/2021/12/loading.png" placeholder /> has invested in Ganfeng Lithium Battery, SVOLT, China Aviation Lithium Battery Technology (CALB) and Zhuhai CosMX Battery.