Hydrogen Peng Technology (Zhejiang) Co., Ltd. is headquartered in the Intelligent Equipment Town of Xinchang County, Shaoxing City, Zhejiang Province. The total planned investment for the project exceeds 200 million yuan, and the investment from Xinchang Industry Fund is currently being implemented. Currently, it has a controlling subsidiary, Guangdong Yunchuang Hydrogen Electric Technology Co., Ltd. (a national high-tech enterprise), in the Songshan Lake National High tech Development Zone of Guangdong Province, and plans to establish research and development centers or branches in Beijing, Hangzhou, Ningbo, and other places.