Economic Observation Network Longsheng Group Holdings has laid out its new energy battery swapping business, and the first pilot station has been opened. Currently, the business is still in the investment period.

Business progress:
As a battery swapping technology partner in Hong Kong, the company has opened its first pilot station and delivered the first batch of battery swapping taxis, with the goal of building over 10 stations by the end of 2027 This is a key attempt by the company to transition from traditional construction to new energy, but the business is expected to only begin contributing revenue in the next fiscal year and is currently still in the investment phase.

The above content is based on publicly available information and does not constitute investment advice.