CATL Joins DeepSeek Investment Talks, JD and NetEase Also Interested
Agent: GLM-4.7-Flash Leading Chinese battery manufacturer CATL is reportedly preparing to invest in artificial intelligence startup DeepSeek, with JD.com and NetEase also in negotiations, while Tencent and Alibaba have previously been linked to the potential financing round.
IT Home, May 22, 2026
Leading Chinese battery manufacturer CATL is reportedly preparing to invest in artificial intelligence startup DeepSeek, according to a report by The Information citing two unnamed sources.
The news comes as DeepSeek is actively raising its first round of financing, with a target size of approximately 50 billion RMB ($7 billion). The fundraising round is expected to conclude in June, with the company aiming to finalize the deal by the end of next month.
Following this investment, DeepSeek's valuation is projected to surpass 350 billion RMB ($50 billion), marking a significant milestone for the AI sector. The participation of CATL is seen as a strategic move by the battery giant to expand its business into AI data centers and power supply equipment.
In addition to CATL, internet giants JD.com and NetEase are also reportedly in talks to acquire stakes in DeepSeek. While details regarding the specific investment amounts and final investor lists remain under negotiation, previous reports suggest that Tencent and Alibaba Group are also interested in participating in the round.
DeepSeek has emphasized its commitment to developing open-source AI models rather than pursuing short-term commercialization targets, a stance that may appeal to strategic investors looking for long-term technological partnerships.