Recently, Sinopec Capital has completed its investment in Xi'an LINCHR Import and Export Trade Co.,Ltd (LINCHR), expanding into the EV-charging infrastructure for the first time.

As predicted by China Passenger& Car Association (CPCA), China's renewable energy vehicle sales will hit another record high in 2023, with a year-over-year growth of 22%, and a penetration rate of 40%. The booming development of renewable energy vehicles also calls for the accelerated construction of a high-quality charging infrastructure system providing convenient and efficient charging services for electric vehicles.

LINCHR is a comprehensive service provider leading the mobile energy technology, focusing on the R & D, manufacturing and sales in the fields of EV charging and battery swapping, renewable energy microgrid and intelligent detection. It has strong R & D capabilities, with the R&D team committing to creating products that comprehensively and efficiently satisfy customers' needs.

Sinopec Capital's investment in LINCHR will help Sinopec Group to fulfill its vision of building China's top EV charging operator  In the future, Sinopec Capital will accelerate the investment in the fields of EV charging and battery swapping, help Sinopec Marketing Co., Ltd to build a high-value ecosystem composed of "people-vehicle-life", and provide strong support for the transformation and development of Sinopec Group.