CATL (Contemporary Amperex Technology Co. Limited) has established a new company that includes multiple Internet of Things related businesses.

According to the Qichacha app, recently, Dongying Runshi New Energy Co., Ltd. was established with a registered capital of 10 million yuan. Its business scope includes: battery sales; IoT technology research and development; IoT technology services; IoT application services; software development, etc. Qichacha's equity penetration shows that the company is indirectly wholly owned by Contemporary Amperex Technology Co., Ltd.