Recently, according to the Tianyancha App, there was a business change in Ruilong Technology Co., Ltd. of Quan Nan County, and a Beijing Xiaomi Smart Manufacturing Equity Investment Fund (Limited Partnership) was newly added as a shareholder. At the same time, the registered capital of the company increased from about 200 million RMB to about 209 million RMB. Recently, Ruilong Technology announced the completion of A+ round financing exclusively invested by Xiaomi Investment.

Ruilong Technology Co., Ltd. of Quan Nan County was established in July 2016, with Ye Jun as the legal representative. Its business scope includes smelting of common non-ferrous metals, sales of high-performance non-ferrous metals and alloys, recycling and hierarchical utilization of new energy vehicle waste power batteries, etc. Its shareholders also include investment funds under NIO Capital, Midea Capital and Hanhui Capital. It is reported that Ruilong Technology is a technology innovation enterprise in the field of automobile power battery and digital battery recycling and utilization.