CATL, China's largest automotive lithium-ion battery maker, has formed a joint venture with Hongda Blasting Engineering Group in order to conduct business that includes charging pile sales and battery sales.

The company, named Fujian Hongda Times New Energy Technology Co., was established on December 16, 2020, information from data provider Tianyancha showed.

The company has a registered capital of RMB 30 million and its business scope includes technology promotion and application services, charging pile sales, new energy vehicle production and testing equipment sales, emerging energy technology research and development, new energy vehicle power exchange facility sales, electrical machinery and equipment sales, and battery sales.

CATL is the second-largest shareholder with 26% equity.