CATL has established two new energy companies, both of which include battery sales business.

Qichacha APP shows that recently, Changsha Runshi New Energy Co., Ltd. and Chongren County Runshi New Energy Co., Ltd. have been established, with their business scope including power generation, power transmission, power supply, electrical installation services, contract energy management, battery sales, IoT technology services, and IoT technology development, etc. According to Qichacha's equity penetration data, both companies are indirectly fully owned by Contemporary Amperex Technology Co. Limited (CATL).