# Contemporary Amperex Technology Ltd, or CATL, plans to buy a 45 per cent stake in the parent of a Shenzhen-listed renewable-energy company.

*business · news · 2026-04-09 · South China Morning Post*

## Key points

- CATL will acquire a 45% stake in Hangzhou Zhonhen Technology Investment for 4.09 billion yuan.
- The acquisition will be funded with 2.9 billion yuan in cash and a 99.7% stake in a tech unit.
- CATL and Zhonhen Electric will jointly develop green ICT infrastructure, transport electrification, and smart power systems.
- This move marks CATL's strategic expansion beyond batteries into broader renewable energy sectors.

**Companies:** Contemporary Amperex Technology Ltd, Hangzhou Zhonhen Technology Investment, Hangzhou Zhonhen Electric
**Countries:** China

[Read the full story on South China Morning Post](https://www.scmp.com/business/china-business/article/3349465/catl-buys-45-stake-hangzhou-green-energy-company-us598-million)

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