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BaiZhi New Energy is a sub-brand of LingTu Automobile, focusing on new energy vehicles. LingTu Automobile Co., Ltd. is located in Qinghe, Xingtai, Hebei, and is a comprehensive automotive enterprise that integrates new energy vehicles, power batteries, shared cars, quick battery swap services, and small multi-functional electric passenger vehicles. The BaiZhi New Energy brand was established in 2021, primarily targeting the mini-pure electric vehicle market. The brand's first flagship model is the BaiZhi DaXiong, a micro-pure electric vehicle with a cute and square shape and a spacious interior, mainly aimed at rural towns and urban-rural fringe areas, dedicated to solving people's short-distance travel needs. The BaiZhi DaXiong made its debut at the Jinan Auto Show on October 5, 2021. BaiZhi New Energy could be considered a veteran in the industry, but with the fierce competition in the domestic new energy vehicle market, its future development remains to be seen.