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572 Chinese EV Battery Giant CATL Plans to Invest in DeepSeek

The Information
Juro Osawa @ The Information · 05/22/2026 07:56 EDT

Chinese battery giant Contemporary Amperex Technology, better known as CATL, is planning to invest in Chinese AI developer DeepSeek’s fundraising, according to two people with direct knowledge of the matter. CATL’s planned investment comes as it is aggressively stepping up its efforts to sell power equipment to AI data centers.

DeepSeek’s first-ever funding round, which aims to raise about 50 billion yuan ($7.35 billion), could close as early as next month, according to the people. DeepSeek could be valued

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