CALB Establishes New Company in Zigong with RMB 1.5 Billion Capital to Expand into NEV Sector

Recently, CALB Technology (Zigong) Co., Ltd. was officially established with a registered capital of RMB 1.5 billion. According to data from Qichacha, the company is jointly held by CALB Co., Ltd. (HKEX: 3931), a Hong Kong-listed company, among others. Its business scope includes manufacturing of automotive parts and components, as well as sales of new energy vehicles. This strategic move is expected to further strengthen CALB's capabilities in integrating the new energy vehicle industry chain and inject new momentum into the sector's development.