When Ningde Times was established in Suzhou, it founded the New Energy Technology Company with a registered capital of 2 billion yuan.

According to the Qichacha app, recently, Suzhou Era New Energy Technology Co., Ltd. was established with a registered capital of 2 billion yuan. Its business scope includes: research and development of emerging energy technologies; battery manufacturing; battery sales; production and sales of battery accessories; promotion services of new material technologies. Equity penetration data from Qichacha shows that the company is wholly owned by Ningde Era.