Contemporary Amperex Technology (CATL) and Chery Automobile's joint venture company has been established with a registered capital of 2 billion yuan.

According to the QiChaCha app, in recent days, Time Cherish New Energy Technology Co., Ltd. was established, with Lai Yongjie as the legal representative and a registered capital of 2 billion yuan. Its business scope includes battery manufacturing, battery accessories production, battery sales, battery accessories sales, and energy storage technology services. Equity penetration data from QiChaCha shows that the company is jointly held by CATL, Chery Automobile, and Chery Commercial Vehicle Co., Ltd.