CATL Buys Into AI Data-Center Supply Chain as It Seeks Next Growth Market
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
CATL is securing a foothold in AI data centers and power supply with recent investments in Zhongheng, VNET and DeepSeek. Photo: VCG
Contemporary Amperex Technology Co. Ltd. (CATL) has agreed to buy a 49% stake in a Chinese data center power equipment supplier, marking its third major investment in artificial intelligence infrastructure in five months.
The world’s largest electric-vehicle battery maker signed agreements on August 15 to inject 4.1 billion yuan (608 million) into Hangzhou Zhongheng Technology Investment Co. Ltd., the controlling shareholder of Hangzhou Zhongheng Electric Co. Ltd.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Subscribe to both Caixin Global and Bloomberg - for the price of one.
- RELATED
Share this article
Open WeChat and scan the QR code
Sign in with Google
Sign in with Facebook
Sign in with 财新