Recently, two companies, Hainan Times Electric Service Technology Co., Ltd. and Zhengzhou Times Electric Service Technology Co., Ltd., have been established, each boasting a registered capital of 10 million yuan. The scope of business for both entities encompasses the sale of new energy vehicle battery swapping facilities, the operation of charging infrastructure, and the distribution of electric accessories for new energy vehicles. According to equity penetration data, both firms are indirectly and fully owned by CATL.
