CATL Commits RMB 2.475 Billion to Hainan Green Industry Fund, Holding 49.5% Stake
CATL has signed a partnership agreement to participate in the Hainan Times Green Industry Investment Fund as a limited partner, committing RMB 2.475 billion for a 49.5% stake. The fund, with a total scale of RMB 5 billion, was established jointly with Xiamen Puquan Private Equity Fund Management Partnership and Hainan Free Trade Port Construction Investment Fund, and will focus on green zero-carbon industries in Hainan province.
CATL announced that it has signed the Hainan Times Green Industry Investment Fund Partnership Agreement with Xiamen Puquan Private Equity Fund Management Partnership (Limited Partnership) and Hainan Free Trade Port Construction Investment Fund Co. , Ltd. Under the agreement, CATL will participate in the fund as one of its limited partners, with a committed contribution of RMB 2.475 billion, representing a 49.5% share of the fund.
The fund will focus on investments in green zero-carbon industries within Hainan province. The signing and capital contribution arrangements have been set out in the announcement.
Why this event matters
The event has a measured impact on 1 industry. The strongest current signal is positive for Batteries & Energy Storage, with intensity 30/100 and 50% confidence over a medium term horizon.
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