Xiaomi Auto, CATL, and Jingneng Form Joint Venture

$XIAOMI-W (01810.HK)$ , $Contemporary Amperex Technology (300750.SZ)$ , and Beijing Jingneng Technology have jointly established Beijing Times Power Battery Co., Ltd., according to Chinese media citing QCC. The new company, led by legal representative Meng Xiangfeng, has a registered capital of RMB1 billion.