In November 2024, the newly-built factory of its subsidiary Muzhiguang Energy Group in Dianbu Town, Qingdao, held a grand opening ceremony. After production commences, it is expected to have an annual supply capacity of 1 million tons, marking the entry into the 4.0 era of the industry.
Mushizhong Energy Group has been upgraded to a national-level technology enterprise. It has strengthened cooperation with domestic and foreign research institutions and is promoting the development of low-carbon circular economy.
In November 2025, a strategic cooperation agreement was signed with the Korean company Light Bridge, making it the first cooperation partner with a Korean hydrogen energy enterprise in Shandong Province.
By 2025, the group will have invested in 11 enterprises externally and controlled 14 enterprises. The investments cover cities such as Qingdao, Guangzhou, Shenzhen, Yantai, Weifang and Binzhou. The group possesses 2 trademark information, 13 patent technologies, 5 administrative licenses and 2 international certifications.