A joint venture between CATL and Chery Automobile has been established with a registered capital of 20 billion yuan.

Gelonghui, February 14 | According to Qichacha, recently, Times Chery (Hefei) New Energy Technology Co., Ltd. was established, with Lai Yongjie as the legal representative. The registered capital is 2 billion yuan, and its business scope includes: battery manufacturing; production of battery components; battery sales; sales of battery components; energy storage technology services, etc. Equity penetration shows that the company is jointly held by CATL, Chery Automobile, and Chery Commercial Vehicles (Anhui) Co., Ltd.