On August 28, Times Qiji New Energy Technology (Sanya) Co., Ltd. was officially incorporated, naming Chen Duanxiong as its legal representative and boasting a registered capital of RMB 5 million. The company's diverse portfolio encompasses a broad spectrum of activities, ranging from the research and development of cutting-edge energy technologies to the sales of battery swapping equipment for new energy vehicles. It also delves into the R&D of online energy metering technologies, contract energy management, battery sales, information system operation and maintenance services, the establishment of centralized rapid charging stations, and the sale of complete new energy vehicles. According to business intelligence from Tianyancha, Times Qiji New Energy Technology (Sanya) Co., Ltd. is a wholly-owned subsidiary of Times Qiji New Energy Technology (Haikou) Co., Ltd., which in turn is a subsidiary of CATL. The actual controller of this venture is Zeng Yuqun.