According to the Chinese enterprise database Tianyancha, CATL, a leading Chinese battery maker, has recently partnered with Changan Automobile to establish a power battery company. The newly formed enterprise, located in the central city of Yibin, has a registered capital of RMB 1.5 billion ($210 million). The company operates in various fields, including battery manufacturing and sales, emerging energy technology research and development, new material technology research and development, as well as research and development in special materials for electronics. Shareholder details reveal that CATL owns 51% of the company, Changan Automobile owns 30%, and the remaining 19% is held by Shenlan Automobile Technology, a subsidiary brand from Changan. [36Kr, in Chinese]