CATL is expanding into the AI data center supply chain, leveraging its battery and energy storage expertise to serve next-generation compute facilities.

Contemporary Amperex Technology Co. Ltd. (CATL) has agreed to acquire a 49% stake in a Chinese data center power equipment supplier, marking its third major investment in artificial intelligence infrastructure within a five-month period.

On August 15, the world’s largest electric vehicle battery manufacturer signed agreements to inject 4.1 billion yuan (608 million) into Hangzhou Zhongheng Technology Investment Co. Ltd., the controlling shareholder of Hangzhou Zhongheng Electric Co. Ltd.