On August 28, the 5th Qingdao Summit of multinational companies, hosted by the Shandong Provincial Government and the Ministry of Commerce, officially opened. At the signing ceremony of the cooperative project in the important sector of the summit, the "Qingdao High-Quality Development International Partners Dialogue Conference", Nenglian Group, a digital energy company headquartered in Qingdao, Shandong, reached a capital increase project cooperation agreement with Laoshan District, jointly shaping new productive forces and promoting the high-quality development of the new energy industry. Nenglian's founder and CEO, Dai Zhen, attended and signed the agreement.

Both parties will leverage their respective resources, technologies, and capital advantages to explore deep cooperation in the field of new energy and financial innovation. Through cooperation, they will realize the dual empowerment of finance and industrial economy, find the best path for the integrated innovation and development of finance and new energy, and rely on diverse financial innovation tools and solutions to accelerate the process of energy digitization and green transportation infrastructure construction, promoting the green and low-carbon development of China's transportation energy.

Digitalization and greening provide strong growth momentum for the energy industry, especially the rapid development of China's new energy vehicle industry, with annual sales accounting for over 60% of the global market and the domestic monthly new car sales penetration rate exceeding 50%. The accompanying market for new energy vehicle charging services has enormous growth potential. With the application of digitalization technology, Nenglian can optimize resource allocation throughout the entire chain and effectively solve the problem of supply-demand mismatch in energy consumption scenarios, realizing digital matching and efficient precision flow management, and providing users with convenient, efficient, and intelligent refueling and charging services to improve operational efficiency in the industry.

Nenglian was established in 2016 and is a global leader in digital energy companies. Through digitalization technology, it promotes energy saving and emission reduction throughout the entire transportation energy chain and contributes to global carbon neutrality. Currently, Nenglian's annual transaction volume is nearly 100 billion, and it provides three types of services: digital energy, asset management, and supply chain, focusing on two major scenarios: gas stations and charging stations, and serving upstream and downstream of the industry chain. By the end of 2023, Nenglian had accumulated nearly 400 million registered users, with over 100 million transaction users and an annual order volume of over 500 million transactions. It has installed refueling and charging services in car models from major domestic automakers such as GAC, FAW-Volkswagen, Changan, Weixiaoli, Great Wall, Hyundai, Geely, covering 80% of the domestic host factory car models and has built a nationwide integrated digital network for oil and electricity.