On August 20, Xiamen Era New Energy Power Technology Co., Ltd. (referred to as "Era New Energy Power") was officially established, with Chen Weifeng as the legal representative and a registered capital of 2 billion yuan. The business scope includes battery manufacturing; battery sales; sales of electronic special materials; manufacturing of electronic special materials; promotion services for new material technologies; and import and export of goods. Shareholder information shows that Era New Energy Power is 100% owned by CATL (300750.SZ).