Contemporary Amperex Technology Co., Limited (CATL) invested 984 million yuan in Landian Technology. This investment secures a 9.89% stake in the Seres subsidiary. Landian raised a total of 6.671 billion yuan during this funding round. CATL executed the deal through its wholly-owned subsidiary, Wending Investment.
The partnership establishes deeper equity ties to facilitate joint vehicle development and battery adaptation. CATL aims to optimize costs and secure long-term supply chain orders through this direct investment. The move also increases the battery manufacturer's bargaining power within the mass-market electric vehicle sector.
This investment reinforces CATL’s industrial presence near Chongqing’s automotive cluster in Southwest China. Proximity to this manufacturing hub reduces logistics costs for the company. The strategic location also improves response times to regional manufacturing requirements.