Core Viewpoint - The article discusses the recent public announcement by the Ningde City Ecological Environment Bureau regarding the acceptance of the technical transformation project report for the Times FAW Power Battery Co., Ltd, indicating the formal approval of the project [1]. Group 1: Company Overview - Times FAW is a joint venture established by Ningde Times and FAW Group, focusing on the development, production, and sales of lithium-ion batteries, power batteries, and large-capacity energy storage batteries, along with related after-sales and technical consulting services [2]. - The company was founded on January 31, 2019, and has been actively involved in various projects, including the construction of a power battery project with an annual production capacity of 10GWh [2]. Group 2: Project Details - The first phase of the project, which has a production capacity of 10GWh, passed the environmental protection self-assessment on August 25, 2022, and has reached the approved capacity for environmental impact assessment [2]. - The second phase of the project aims to expand the production capacity to 30GWh, with ongoing construction of additional production lines and facilities [2]. - To meet market competition and industry development requirements, Times FAW plans to invest 200 million yuan to increase the first phase's production capacity by an additional 10GWh and introduce lithium iron phosphate battery production capabilities [2]. - The construction period for this project is set from July 2025 to January 2026, after which the total production capacity of the plant will reach 40GWh, including the already approved and under-construction capacities [2].

Group 1 - The company, CATL, plans to globally issue 118 million shares, with 8.8421 million shares for Hong Kong and 109 million shares for international offering, plus an over-allotment option of 17.6841 million shares [1] - The subscription period for the shares is from May 12 to May 15, with a maximum offer price of 263.00 HKD per share and an entry fee of approximately 26,565.24 HKD for 100 shares [1] - The total expected fundraising amount is 31.006 billion HKD, with a net amount of 30.718 billion HKD, intended for the construction of phases one and two of the Hungary project, working capital, and other general corporate purposes [1] Group 2 - The company's main business includes the development, production, and sales of lithium-ion batteries, lithium polymer batteries, fuel cells, power batteries, large-capacity energy storage batteries, supercapacitors, battery management systems, and related services [2] - The net profit for the company is projected to be 44.702 billion CNY for 2023, 52.033 billion CNY for 2024, and 13.963 billion CNY for the first quarter of 2025, with year-on-year changes of 45.47%, 16.40%, and 31.94% respectively [2]