Global Infrastructure Sherpa

CATL acquires 49% stake in Zhongheng Technology Investment for $600M to expand data center power solutions

Type: Investment · Technology: Data Center, Transmission · Country: China · Value: $600M · Announced: 2026-04-10

CATL, the world's largest battery manufacturer, has invested $600 million (4.1 billion RMB) to acquire a 49% stake in Zhongheng Technology Investment, a major shareholder in Zhongheng Electric. The deal positions CATL to capitalize on the growing demand for high-voltage direct current (HVDC) infrastructure driven by AI data centers transitioning from AC to DC power architectures. Zhongheng Electric, a key supplier to major tech firms including Alibaba and Tencent, specializes in 800V DC power supply products, aligning with future data center power density requirements. The investment underscores CATL's strategic expansion into data center power systems, complementing its existing battery energy storage systems (BESS) business for grid connections.

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