CATL sets up wholly owned energy unit in Chongqing

What's the deal? CATL has established Chongqing Runpei New Energy Co., Ltd.Dealroom has a profile for this one. Try Dealroom →, a new company based in Chongqing, according to business registry QichachaDealroom has a profile for this one. Try Dealroom →. Equity records show the unit is indirectly wholly owned by the battery maker.

What does it do? The company's business scope spans research and development of emerging energy technologies, solar power generation technology services, heat production and supply, and contract energy management.

What's the endgame? CATL is the world's leading power battery and energy storage battery manufacturer, supplying electric vehicle and grid systems in China and internationally. The Chongqing unit extends its reach beyond cells into energy services and solar.

The signal: The move points to CATL pushing further along the energy value chain, from making batteries toward managing power generation and consumption.

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