Core Viewpoint - Company FAW Jiefang plans to increase capital by 191 million yuan in its joint venture, Jiefang Times New Energy Technology Co., Ltd., to enhance its financial strength and competitiveness in the new energy commercial vehicle sector [1] Group 1: Investment Details - FAW Jiefang will invest 191 million yuan through its wholly-owned subsidiary, FAW Jiefang Automobile Co., Ltd. [1] - The total capital increase for Jiefang Times will amount to 412 million yuan, with existing shareholders CATL and new investor Telai Electric also participating [1] Group 2: Company Background - Jiefang Times was established in March 2023, with FAW Jiefang and CATL each holding 50% of the shares [1] - The company has initiated various businesses including vehicle-battery separation, vehicle leasing, and capacity undertaking, exploring the feasibility of full lifecycle operations for new energy commercial vehicles [1] Group 3: Financial Performance - Jiefang Times reported revenue of 23.61 million yuan in 2023, with projected revenue of 480 million yuan in 2024, indicating rapid business growth [1] Group 4: Strategic Implications - The investment aims to strengthen Jiefang Times' financial capabilities, enhance resource connections, and improve the new energy commercial vehicle ecosystem and industry chain [1] - This move is expected to further elevate Jiefang Times' overall strength and competitiveness in the industry [1]