CATL has established a new company in Xining, specializing in AI software development business.

According to the Qichacha APP, recently, Xining Era Electric Service Technology Co., Ltd. was established with a registered capital of 10 million yuan. Its business scope includes: artificial intelligence application software development; software development; centralized fast charging stations; and sales of new energy vehicles, etc. Equity penetration analysis on Qichacha shows that the company is indirectly wholly-owned by Ningde Era.