EnergyTrend has learned that on August 12, CATL issued an external investment announcement stating that the company will participate as a limited partner in the proposed Hainan Times Green Industry Investment Fund Partnership (Limited Partnership), with a subscribed capital contribution of RMB 2.475 billion.
According to the announcement, the fund has a total subscribed scale of RMB 5 billion and will be registered in Hainan Province. Its operating period will be 8 years from the date of establishment. The fund will primarily focus on equity investments, with its investment direction targeting green and zero-carbon industries within Hainan Province. It is reported that the fund will be jointly funded by three parties:
- Hainan Free Trade Port Construction Investment Fund Co., Ltd. will subscribe RMB 2.5 billion, accounting for 50%;
- CATL will subscribe RMB 2.475 billion, accounting for 49.50%;
- Xiamen Puquan Private Equity Fund Management Partnership (Limited Partnership) will subscribe RMB 25 million, accounting for 0.50%, and will serve as the general partner and executive partner responsible for the fund's management and operation.
Public information shows that CATL's wholly-owned subsidiary, CATL New Energy Industry Investment Co., Ltd., holds a 45% partnership interest in Xiamen Puquan. Apart from this, CATL has no other affiliated relationships with the remaining partners. The company's controlling shareholder, actual controllers, shareholders holding more than 5% of the shares, and directors, supervisors, and senior management have not participated in the funding of this fund.
In addition, the fund will establish an investment decision-making committee consisting of 4 members. Investment projects must be approved by at least three-quarters of the voting members to pass. The capital contributions will be paid in installments upon notification by the manager.
By participating in the establishment of this fund, CATL aims to leverage market-oriented mechanisms and the professional capabilities of the manager to expand its layout in the carbon-neutral ecosystem, discover industry synergy opportunities, and obtain reasonable investment returns.
The funding for this investment will come entirely from CATL's self-owned funds, which will not affect the company's normal production and operating activities. It will help support the company's business expansion and aligns with its sustainable development needs.
CATL's announcement also noted that the proposed partnership enterprise is still in the planning and establishment stage and has not yet completed its industrial and commercial registration or filing with the Asset Management Association of China (AMAC), meaning the fund's establishment remains uncertain. Given the fund's long investment cycle and relatively low liquidity, there is a risk that investment returns may fall short of expectations if there are major changes in decision-making or the industry environment. The company will continuously track the investment operations, implement effective risk prevention and control measures to ensure fund safety, follow up on the progress of the matter in accordance with relevant rules and regulations of the Shenzhen Stock Exchange (SZSE), and fulfill its information disclosure obligations in a timely manner.
Source：EnergyTrend
