[Chery Automobile Establishes Two Battery Companies] With the continuous expansion of the new energy vehicle market, traction batteries, as one of the core technologies, have become the focus of competition among many automakers. Chery Automobile is also continually expanding its traction battery territory and has established two battery-related companies since the beginning of the year. On August 9, Shijiazhuang Qida Power Battery Technology Co., Ltd. was established, wholly owned by Wuhu Qida Power Battery System Co., Ltd., a subsidiary of Chery Automobile. Its business scope includes battery manufacturing, battery sales, motor vehicle repairs and maintenance, and general cargo warehousing services. On April 1, Anhui Qida Power Battery Technology Co., Ltd. was established, with a business scope encompassing battery manufacturing, battery sales, manufacturing of auto parts and accessories, and import and export of goods.