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china fund news reporter wu jun

recently, catl, a leading new energy battery company, jointly established fujian times zeyuan equity investment fund partnership (limited partnership) (hereinafter referred to as times zeyuan fund) with a number of local state-owned funds and investment companies under well-known securities firms, with an investment amount of 5.086 billion yuan, which has attracted attention in the market.

it is understood that catl has invested 700 million yuan in cash into this private equity fund, and will invest in new energy and high-end manufacturing fields in the future.

times zeyuan fund was established

the total investment amounted to 5.086 billion yuan

tianyancha information shows that shidai zeyuan fund was established on september 20 this year. the equity fund is managed by xiamen puquan private equity fund management partnership (limited partnership) (hereinafter referred to as xiamen puquan) as the executive partner, with a total investment of 5.086 billion yuan; the main business scope is to engage in equity investment, investment management, asset management and other activities with private equity funds, and is allowed to engage in investment activities with its own funds.

fund jun found that the fund has a very strong lineup of partners, including not only the listed company catl, but also a number of local state-owned enterprises, such as xiamen industrial guidance equity investment fund partnership (limited partnership), tongxiang jinxin equity investment co., ltd., ningde huiju new energy equity investment partnership (limited partnership), luoyang industrial development fund partnership (limited partnership), xiamen torch industry equity investment management co., ltd., xiamen science city innovation equity investment fund partnership (limited partnership), beijing changping industrial development investment fund (limited partnership), hubei tongfu venture capital management co., ltd., and citic construction investment co., ltd., a subsidiary of the well-known brokerage firm citic construction investment.

in fact, catl disclosed its participation in the investment in times zeyuan fund on september 9 this year. catl said that the company participated in the investment in times zeyuan fund as one of the limited partners, and the company subscribed 700 million yuan, holding 13.7633% of the fund's subscription ratio.

in addition, xiamen industrial guidance equity investment fund partnership (limited partnership) invested 800 million yuan, with a subscribed ratio of 15.7294%; tongxiang jinxin equity investment co., ltd. invested 600 million yuan, with a subscribed ratio of 11.7971%; ningde huiju new energy equity investment partnership (limited partnership) and luoyang industrial development fund partnership (limited partnership) invested 507 million yuan and 500 million yuan respectively, with subscribed ratios of 9.9685% and 9.8309% respectively.

catl's private equity firm serves as gp

new fund invested in new energy and high-end manufacturing

it is understood that the executive partner and fund manager of times zeyuan fund is xiamen puquan, which was established on may 10, 2023, and completed the registration of private equity fund manager with the asset management association of china on august 21, 2023; xiamen puquan’s registered capital is 30 million yuan, and catl’s wholly-owned subsidiary catl new energy industry investment co., ltd., as one of the limited partners, holds a 45% partnership share in xiamen puquan.

according to the content disclosed in the announcement, another shenzhen puquan investment co., ltd., as one of the general partners, will provide corresponding cooperation in matters that the managing partner has the right or should execute as agreed in the agreement.

in addition, the term of existence of times zeyuan fund is seven years. the fund mainly invests in new energy and high-end manufacturing fields, and the proportion of investment in the aforementioned fields shall not be less than 60% of the total subscribed capital of the fund.

catl said that the company participated in the investment of times zeyuan fund as a limited partner, mainly by relying on market-oriented mechanisms and combining the advantages of professional investment institutions to expand the company's layout in the carbon neutral ecological field through equity investment, as well as expanding investment channels through a more market-oriented investment management team, exploring business cooperation and development opportunities, and obtaining reasonable investment returns, which is in line with the company's development and shareholder interests.

market insiders believe that the "cvc+local state-owned assets" cooperation model adopted by times zeyuan fund is an important move for catl to invest in industries and integrate resources. its increased investment in potential projects in the fields of new energy and high-end manufacturing will promote the company's business development and the coordinated development of related industries in the future.

catl actively promotes industrial investment

fund jun also found that catl, as a leader in new energy batteries, has made considerable achievements in the investment field in recent years.

tianyancha information shows that catl has made as many as 126 investment events in recent years. for example, in 2024, catl invested in evtol aircraft developer fengfei aviation, and participated in the establishment of battery cell r&d and production manufacturer times power battery together with xiaomi, baic, etc., and participated in the b round of financing of high-end smart pure electric vehicle brand zhiji auto together with many institutions.

as of september 23, catl closed at 188.20 yuan per share, with a share price increase of 18.10% this year and the latest total market value exceeding 828.5 billion yuan.