Qingtao (Kunshan) Energy Development Group Co., Ltd. was established in 2016, headquartered in Kunshan, Suzhou. It is a high-tech enterprise founded by a team led by Nan Cewen, an academician of the Chinese Academy of Sciences and a professor at Tsinghua University. It has taken the lead in realizing the industrialization of solid-state batteries and has built a large-scale production line for solid-state power lithium batteries. Qingtao Energy has applied for more than 100,0 national patents, half of which are invention patents, and more than 500 have been authorized. Qingtao Energy has successively received strategic investments from institutions such as BAIC, SAIC, GAC, Bank of China Investment, and Shanghai Science and Technology Innovation, with a current valuation of over 20 billion yuan. Qingtao Energy has been selected for Forbes China's High Growth Gazelle List and has grown into a global unicorn enterprise. Several subsidiaries have been awarded honors such as National High tech Enterprise and Jiangsu Province Double Innovation Team.