CATL to invest 400M yuan in venture fund targeting AI, new energy
AI summary
According to 36Kr, CATL said in a filing that it will join as a limited partner in Shanghai Shidai Chenyuan Venture Capital Partnership (LP), subscribing 400 million yuan for a 26.64% share of the fund. The fund's total subscribed capital is 1.502 billion yuan, and it will mainly invest in new and future energy, the convergence of AI and digital technology with power and energy, AI, and other future industries. CATL said the investment does not constitute a related-party transaction or a major asset restructuring.
In-depth insight
It shows a battery leader extending capital into AI-and-energy crossover areas through a VC fund, though AI is only one of several focus sectors here.