Core Viewpoint - CATL has rapidly expanded its presence in the new energy sector by establishing multiple subsidiaries across various cities in China, indicating a strong growth strategy and commitment to the electric vehicle market [1]. Group 1: Company Establishments - CATL has established four new energy companies in Beijing, Shenyang, Jinan, and Nantong recently, contributing to a total of over ten new companies formed since March this year across several provinces including Sichuan, Jiangsu, and Zhejiang [1]. - Beijing Times Electric Service Technology Co., Ltd. has a registered capital of 50 million RMB and focuses on the sales of new energy vehicles, battery swap facilities, and charging infrastructure [2]. - Shenyang Times Electric Service Technology Co., Ltd. has a registered capital of 10 million RMB and shares a similar business scope as its Beijing counterpart [4]. - Jinan Times Electric Service New Energy Technology Co., Ltd. has a registered capital of 5 million RMB and is involved in energy-efficient technology research and sales of new energy vehicles [6]. - Nantong Runshi New Energy Co., Ltd. has a registered capital of 8.74 million RMB and also focuses on energy-efficient technology and new energy vehicle sales [8]. Group 2: Ownership Structure - Beijing Times Electric Service Technology Co., Ltd. is wholly owned by Times Electric Service Technology Co., Ltd., which is a wholly-owned subsidiary of CATL [3]. - Shenyang Times Electric Service Technology Co., Ltd. is indirectly wholly owned by CATL [5]. - Jinan Times Electric Service New Energy Technology Co., Ltd. is fully owned by Times Electric Service Technology Co., Ltd. under CATL [7]. - Nantong Runshi New Energy Co., Ltd. is also fully owned by Times Electric Service Technology Co., Ltd. [9].
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