You can connect your MacBook Pro 2021 with M1 chip to two monitors with the docking station. This dock supports up to two external displays with Apple M1 devices.
It is important that the MacBook Pro 2021 with M1 Pro, M1 Max or higher has Thunderbolt 4 ports that can be used for the connection. The docking station offers two HDMI and one Thunderbolt 4 port for monitors[product data].
Note that M1 chips (without Pro/Max) often only support one external monitor natively, but this docking station allows up to two monitors according to the manufacturer. For full functionality, it may be necessary to check the corresponding drivers or settings.