[CATL Invests 7 Million Yuan to Establish an Energy Company in Ningxia]. On May 29, it was reported that Shidai Juhe (Ningxia) Energy Technology Co., Ltd. was established, with Chen Xiaobo as its legal representative and a registered capital of 7 million yuan. Its business scope includes R&D of emerging energy technologies, basic software development for artificial intelligence, sales of battery swapping facilities for NEVs, and ESS technical services, among others. Shareholder information indicates that the company is wholly owned by Contemporary Amperex Technology Co., Limited.