Shanghai Lianhe Rihuan Energy Technology Co., Ltd. has added State Power Investment Corp (SPIC) as a shareholder and increased its registered capital to about RMB 730 million from about RMB 190 million, a rise of roughly 285%, according to 36Kr. The company was founded in December 2018 and is legally represented by Ye Yuanwei. Its business scope includes energy technology and new materials technology development, technology transfer and consulting, technical services, and engineering management services. It is now jointly held by Shanghai Lianhe Investment Co., Ltd., Shanghai Rihuan Technology Investment Co., Ltd., and SPIC.