Established on March 19, 2019, Foshan CPEV is a wholly-owned subsidiary of Hunan CORUN New Energy Co., Ltd. With a registered capital of 200 million yuan, the company is located in Nanzhuang Town, Chancheng District, Foshan City, Guangdong Province. It covers an area of 6.67 hectares and currently employs nearly 200 people. As a key supplier of power battery electrode plates for hybrid electric vehicles (HEVs) of FAW Toyota and GAC Toyota, Foshan CPEV specializes in the R&D, production, and sales of power batteries, energy packs, and positive/negative electrode sheets. It is an internationally professional automotive power battery and energy pack manufacturer with the highest level of industrialization, the most advanced technology, the most mature product applications, and the strongest supporting supply capacity in the Toyota hybrid battery energy sector.