On October 13, Contemporary Amperex Technology Co., Limited (CATL) announced that the company plans to subscribe and contribute RMB 400 million to participate in Shanghai Shidai Chenyuan Venture Capital Partnership (Limited Partnership).
According to the disclosure, CATL entered into the Partnership Agreement of Shanghai Shidai Chenyuan Venture Capital Partnership (Limited Partnership) alongside partners including Xiamen Puquan Private Equity Fund Management Partnership (Limited Partnership) and Guizhou Guiyang Big Data Science and Technology Innovation City Industrial Development Investment Fund Partnership Enterprise (Limited Partnership).
The announcement stated that the fund's total committed capital is RMB 1.50151 billion, with CATL committing RMB 400 million, representing a 26.64% subscription share.
In terms of investment scope, the fund will primarily focus on sectors such as new energy and future energy, the cross-sector integration of artificial intelligence and digital technology with energy and power, artificial intelligence, new quality productive forces, and future industries.
CATL will participate as a limited partner (LP), while Xiamen Puquan Private Equity Fund Management Partnership (Limited Partnership) will serve as the general partner (GP) and fund manager. Other contributing entities include several institutional investors, such as the Guiyang Big Data Science and Technology Innovation City Industrial Development Investment Fund and the Changzhou New Energy Industry Investment Fund.
Regarding related-party relationships, as of the disclosure date, CATL’s wholly owned subsidiary, CATL New Energy Industry Investment Co., Ltd., holds a 45% partnership interest in Xiamen Puquan as one of its limited partners. Beyond this, no related-party affiliations or other conflicting interests exist between Xiamen Puquan and CATL, its controlling shareholder, actual controller, shareholders holding 5% or more of shares, directors, or senior executives; nor does Xiamen Puquan directly or indirectly hold any shares in CATL. In addition, no acting-in-concert relationship exists between Xiamen Puquan and any other co-investors in the fund.
CATL stated that participating as a limited partner is primarily aimed at leveraging market-oriented mechanisms and harnessing the expertise of professional investment institutions to expand the company's footprint across new energy and future energy, the intersection of AI and new energy industries, and the digital and intelligent upgrading of the new energy sector.
Regarding funding, the investment will be financed entirely by CATL’s own capital. The commitment will not affect normal manufacturing or operating activities, will support ongoing business expansion, and aligns with the company’s long-term sustainable growth strategy.
It should be noted that the fund is still subject to regulatory filing with the Asset Management Association of China (AMAC), and its implementation carries a degree of uncertainty.
Source：EnergyTrend