On July 29th, CATL's subsidiary, CATL (Shanghai) Intelligent Technology Co., Ltd., completed its first round of financing of Yuan 2 billion, with a pre investment valuation of Yuan 9 billion.
It is reported that this financing was conducted in the form of targeted invitations, with investors including local industrial investment platforms and multiple state-owned institutions. The post investment valuation will exceed Yuan 10 billion. Based on the recent business progress information, the funds raised in this round of financing may be used for the mass production and landing of its chassis project models, as well as the research and development of new technologies for new scenarios such as RoboX. The market believes that this move means that CATL is accelerating the landing of its chassis business.
As of now, CATL (Shanghai) Intelligent Technology has reached cooperation agreements with multiple companies such as Avita, BAIC, and JAC, and subsequent models will be launched in 2026-2027. According to informed sources, the company's overseas project is also closely underway, and new milestone nodes may be disclosed in the near future.
Edited by Cassie Li, lixiangying@mysteel.com
