Gasgoo Munich- New corporate registration data reveals the recent establishment of Yiyang Runyong New Energy Co., Ltd. The entity is ultimately controlled by CATL, the dominant power battery maker. Its business scope explicitly includes energy storage technical services, positioning it as a fresh vehicle for CATL to deploy energy storage and new energy support infrastructure at the county level.
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Corporate filings place the registered address of Runyong New Energy in Yiyang County, Luoyang City, Henan Province. The company's registered business scope is broad. Core sectors include engineering and technical R&D, as well as energy storage technical services. It also incorporates supporting services like electrical installation, covering the full chain of requirements for energy storage projects—from early-stage R&D and technical implementation to on-site installation. Equity breakdown data indicates that Yiyang County Runyong New Energy is indirectly wholly-owned by entities within the CATL system, with no external equity participation. It functions as a new energy operation platform entirely under CATL's control. This expansion into Henan's county-level market marks another step in CATL's strategy to penetrate deeper into China's domestic energy storage sector. Construction in China's new energy storage industry is accelerating. Demand is surging for county-level wind and solar supporting storage, industrial and commercial storage, and user-side projects. Historically, CATL established its energy storage entities in Tier 1 and Tier 2 cities with concentrated new energy industries or in core regions of major energy provinces. By setting up a wholly-owned subsidiary in Yiyang, Luoyang, CATL can further penetrate county-level new energy support markets. The move leverages local geography to undertake regional wind and solar storage projects, filling a gap in business carriers for lower-tier markets. Energy storage is a core pillar of CATL's “second growth curve.” The company continues to establish new project companies and industrial platforms to deploy energy storage R&D, construction, and operations regionally, addressing market demands in a layered approach. Through these wholly-owned new energy subsidiaries across various locations, CATL can directly target local new energy project tenders, implement energy storage technical support and engineering installation services, and refine its regional market operational system.
