Yongkang Shineway Technology Co., Ltd. (formerly Xinxiang Shineway New Energy Co., Ltd., which was changed in 2022) has three holding subsidiaries, namely Henan Xinquan Energy Technology Co., Ltd. and Dongguan Huihuan Technology Co., Ltd and Yongkang Shenweiye power system Co., LTD. The company has more than 120 R&D technical teams; Shineway is a high-tech enterprise specializing in research and development and production of cylindrical lithium-ion batteries. It has an automatic production line with a daily output of 200,000 18650 and 21700 lithium-ion batteries, which are mainly used in power tools, smart home appliances, industrial drones, industrial robots and other fields. The company has mastered the world's first seamless lithium battery PACK technology. The main products are lithium-ion power battery packs and energy storage battery packs, which are sold well in the Pearl River Delta region, Europe and the United States.