Recently, Changchun TimesEVS Technology Co., Ltd. has officially been incorporated, naming Xie Gangyi as its legal representative and boasting a registered capital of 10 million yuan. The company's scope of business encompasses the sales of new energy vehicles, battery swapping infrastructure, and electrical accessories, along with the integration of intelligent control systems. As per the equity structure, Changchun TimesEVS is a wholly-owned subsidiary of CATL's TimesEVS Technology Co., Ltd.