On August 12, information from the Qichacha APP revealed that Times Electric Service (Xiamen) Holding Co., Ltd. has been newly established, boasting a substantial registered capital of 6.1 billion yuan. The company's operational scope encompasses the development of fundamental AI software, the distribution of electric accessories tailored for new energy vehicles, provision of data processing and storage support services, as well as IT consulting services. Notably, this enterprise is a wholly-owned subsidiary of Contemporary Amperex Technology Co. Limited (CATL).