That's a new off shoot. Cymbidiums have several plants(sympodial), not just one like a phal (monopodial). They put out at least one new plantlet like this per year, just like a cattleya or a dedrobium. Sometimes more than one. I think the older and stronger the plant, the more side shoots it gets. This is what turf grass people would call asexual reproduction.
Also, cymbidiums can take full sun, and most people keep them as outside plants, moving them to a sheltered area for the winter. They can stand winter weather to 27 degees F for flowers, and 25 for leaves. You can check on the needs of your kind. I do think in order to actually flower, they need that cold snap, just like some oncidiums.
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