Penglong Cangzhou new energy is a decommissioning and echelon utilization enterprise of decommissioned power batteries, which is led by BAIC Penglong and widely introduced into the industry's upstream and downstream excellent enterprises, including vehicle production enterprises, vehicle sales enterprises, power battery recycling enterprises and power battery production enterprises. At present, the company provides lithium battery pack leasing business to the distribution Express Industry and end users through the independent research and development of intelligent leasing system, which further verifies and improves the business model of "bare car sales + battery leasing", so as to boost the development of new energy vehicle industry.