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CATL Reportedly Invests RMB2B to Establish Suzhou New Energy Tech Firm
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CATL (03750.HK) established a wholly-owned subsidiary, Suzhou Times New Energy Technology Company (literal translation of "蘇州時代新能科技公司"), in Suzhou, with a registered capital of RMB2 billion, with an aim to expand into R&D of emerging energy technology and battery manufacturing & sales, according to Chinese media. This strategic layout highlights CATL's deepening strategy in the new energy industrial chain, while the scale of registered capital underscores its level of investment. AASTOCKS Financial News Website: www.aastocks.com |
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