CATL's acquisition of equity interests in China Automotive Industry Corporation of Beijing was approved

According to news from this site on May 9, the latest list of unconditionally approved cases of concentration of undertakings released by the State Administration for Market Regulation shows that CATL New Energy Technology Co., Ltd.’s acquisition of the equity of Beijing China Automotive Research Institute Technology Co., Ltd. has been approved.

Public information shows that Beijing China Institute of Automotive Engineering Technology Co., Ltd. is the wholly-owned subsidiary of China Automotive Engineering Research Institute Co., Ltd. (referred to as "China Automotive Research Institute"). capital subsidiary. China Automotive Engineering Research Institute is a central enterprise and a first-class scientific research institute under the State-owned Assets Supervision and Administration Commission. It is a national third-party certification and testing agency and a listed company.

In 2011, Ningde Times New Energy Technology Co., Ltd. was established in China. It is one of the first power battery manufacturers in China to have international competitiveness. 1. As of the time of publication of this website, the market value reached 916 billion yuan.

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