Insider: CATL plans to invest in DeepSeek

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Golden Finance reports that on May 22nd, two informed sources revealed that CATL plans to participate in the financing activities of the domestic artificial intelligence company DeepSeek. At this stage of investment, CATL is actively expanding its business by selling power supporting equipment to AI data centers.
Sources said that DeepSeek's first round of financing aims to raise approximately 50 billion yuan (equivalent to 7.35 billion USD), and the fundraising could be completed as early as next month.
Previously reported, after this round of capital increase, DeepSeek's valuation may surpass 350 billion yuan (equivalent to 51.4 billion USD). Relevant parties stated that JD.com and NetEase are also negotiating investment matters, but the details have not yet been finalized. Discussions are still ongoing, and the investment amount, final investors, and other details may still change. (Sina Finance)
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