Ningde Times establishes a new company, including solar power generation business.

According to the Qichacha APP, recently, Xundian Runshi New Energy Co., Ltd. was established, with a business scope that includes research and development of Internet of Things technology; Internet of Things technology services; Internet of Things application services; wind power generation technology services; solar power generation technology services, and more. The equity penetration report from Qichacha shows that the company is wholly owned indirectly by Contemporary Amperex Technology Co., Ltd. (CATL).