Company News

CR & CNIC under CR Capital Management Invests in Newlinks Technology Limited, a Leading Provider of Energy Technology Platforms in China
Released:2022-02-16

Recently, CR & CNIC Investment Ltd. ("CR & CNIC"), an investment platform of CR Capital Management Co., Ltd. ("CR Capital Management") took a stake in Newlink Technology Limited ("Newlink"). As a leading industrial fund management platform of state-owned enterprises, CR Capital Management has, through this investment, expanded its footprint in the fields of consumer technology, energy technology and "Dual Carbon", and has made a successful entry into the trillion RMB market of smart digital energy ecosystems.

Newlink’s businesses and operations include the Tuanyou APP, the Kuaidian APP, Nengcheng Technology, Newlink Integrated Energy Port, and Newlink Retail. Among these businesses, Tuanyou provides convenient, affordable and reliable refueling services for car owners, and a comprehensive digital upgrade solution for gas stations, enabling station operators to reduce costs and increase efficiency. Kuaidian integrates over a thousand charging operators in China to enable interconnectivity between disparate chargers, and provide stations with both online and offline traffic, operational support, and maintenance services for station operators, thereby increasing the profitability of charging stations with Newlink’s comprehensive ecosystem. Nengcheng Technology (Newlink’s Logistics support business) pioneered the "one supply three controls" system, enabling direct supply, and direct logistics management or control of product, transportation and storage in the intermediate processes, allowing for the digitization of sourcing, transparent tracing of product, and clarity in the transportation process. Newlink Integrated Energy Port and Newlink Retail enables gas stations to develop integrated energy services and non-petrol retail businesses, and also promotes and accelerates the transformation from traditional energy sources such as oil and gas to clean energy sources such as electricity and hydrogen.

 Major Businesses of NewLink

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Tuanyou, one of Newlink’s main APP, ranks among the Top 100 mobile APPs in China, and is ranked #1 among energy and after-market automobile service APPs. Kuaidian, Newlink’s EV charging APP, was China's most popular third-party charging APP in 2021. Newlink Cloud was awarded the prestigious CMMI Level 3 certification, providing international recognition for Newlink’s work in software R&D, project management, program delivery, and cost controls for digital solutions for gas stations, and also indicating Newlink’s leadership in technology and management in the industry.

In addition to CR Capital Management, Newlink’s other significant investors include Bain Capital, CMB International, China Merchants Capital, and CICC Capital.

"Newlink is a high-quality investment target that we have diligently researched during this historic period of energy restructuring, transformation and upgrade.“ CR Capital Management’s CEO Mr. Carl Qin said. “Digital and smart technology solutions will greatly empower and change the energy industry.  Newlink’s cloud computing capabilities, big data, AI and other technologies can be deeply integrated into the energy value chain, and will continue to pave the digitalization groundwork for the industry, enabling Newlink to become a leader in the development of smart energy technologies. We are very honored to have the opportunity to invest in Newlink, and we look forward to developing together with Newlink, a green, low carbon, safe and efficient modern energy system, and enabling the ‘dual-carbon’ goals to be achieved.”

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Newlink’s Founder and CEO Mr. Zhen Dai expressed, “As the energy industry structure transitions under the ‘dual carbon’ context, Newlink, with our overriding mission of achieving zero carbon energy, will continue to drive the digitalization, branding, and decarbonization of the industry. CR Capital Management has continuously been a key force in the development of the CR Group’s new energy, dual carbon, and other core strategic initiatives, by making the foundational strategic investments.  This is consistent with Newlink’s vision and strategy, and we share the same goals. I want to thank CR Capital Management for their support, and I look forward to working together with CR Capital Management to transform and upgrade the energy sector with systematic solutions, and to enable the decarbonization goals to become a reality.”