Core Viewpoint - The establishment of Xiamen Times New Energy Power Technology Co., Ltd. by CATL signifies a strategic expansion in Xiamen, enhancing its position in the new energy sector and supporting the development of the local industry [1][4]. Group 1: Company Developments - CATL's new subsidiary has a registered capital of 2 billion, focusing on battery manufacturing and electronic materials [1]. - The company has invested over 35 billion in Xiamen, establishing a "industry + finance" model to leverage industrial synergy and policy support [1]. - In 2021, CATL initiated the construction of a 13 billion lithium battery base in Xiamen, with a phased capacity of 60 GWh [1]. Group 2: Future Projects - A 3 billion electrochemical energy storage project is set to start in June 2024, aiming to become a world-class research platform by 2025 [2]. - CATL plans to establish 1,000 battery swap stations by 2025, with a long-term goal of 30,000 stations, focusing on the ride-hailing market in collaboration with Didi [2]. Group 3: Capital Initiatives - The company is involved in setting up multiple funds, including a 5 billion carbon neutrality fund, targeting new energy and high-end manufacturing sectors [3].