According to Aiqi official website, Hubei Wanrun New Energy Technology Co., Ltd. is a private enterprise, not a state-owned enterprise. Hubei Wanrun New Energy Technology Development Co., Ltd., established on February 24th, 20 10, is a private high-tech enterprise integrating R&D, production and sales of new energy materials. The company is located at No.557 Tianma Avenue, Yunyang Economic Development Zone, Shiyan City, Hubei Province, and its business scope includes research on lithium-ion battery materials and equipment.