Shenzhen Yupeng New Energy Vehicle Testing & Research Co., Ltd. (hereinafter "Yupeng") was established on Sept 12, 2017, as a new-energy-vehicle testing & R&D platform key-introduced by Shenzhen Pingshan District. Its shareholders are China Merchants Vehicle Research Institute Co., Ltd. and Shenzhen Pingshan District Industrial Investment Service Co., Ltd. Following the principle of "overall planning, phased implementation," Yupeng covers testing capabilities for NEV core components and complete vehicles. It has established battery and motor testing capabilities, is building engine and powertrain laboratories, and will plan further component and vehicle testing as policy, market and funding allow.

Based in Shenzhen Pingshan and radiating across South China and nationwide, Yupeng leverages its role as a bridgehead in South China together with its shareholders. It has a professional testing and management team and over 200 sets of advanced battery/motor instruments, with both regulatory testing and non-regulatory R&D commissioned testing capabilities. Its headquarters is at No. 106 Danzi Avenue, Pingshan District, Shenzhen, with a laboratory area of over 6,000 m², plus a 1,200 m² battery-safety testing laboratory in Huizhou.