Recently, we learned from relevant channels that CATL has held negotiations with overseas sovereign wealth funds and the private offices of the super-rich to raise a US$1.5 billion fund to build its global supply chain.
The offshore fund will allow CATL to finance the ecosystem of companies it needs to help it expand production in Europe and other foreign markets, two people familiar with the matter said. The battery maker plans to invest about 15% with global investors, the people said. The fund will mainly target companies that can supply CATL in Europe, they said.
It is reported that the US$1.5 billion fund will be managed by Hong Kong-based Lochpine Capital. Separately, CATL has approached the family behind Mercedes-Benz and other automakers about investing in the fund, people familiar with the matter said.
Previously, CATL released its 2023 performance forecast, predicting that the company’s net profit in 2023 would be 42.5 billion yuan to 45.5 billion yuan, a year-on-year increase of 38.31% to 48.07%; net profit after deducting non-recurring gains and losses would be 38.5 billion yuan - 41.5 billion yuan, a year-on-year increase of 36.46%-47.09%. As the global leader in power battery installations, CATL earns an average daily profit of 116 million yuan to 125 million yuan.
Editor: Jiang Haibin