VNET and CATL sign strategic cooperation agreement

VNET Group, Inc. (NASDAQ: VNET), a China-based internet data center services provider, has entered into a strategic cooperation agreement with Contemporary Amperex Technology Co., Limited, known as CATL, according to a press release.

Under the agreement, the two companies plan to combine VNET's computing infrastructure operations with CATL's new energy technologies. The partnership is aimed at jointly developing what the companies describe as a three-layer integrated compute-energy ecosystem, consisting of gigawatt-scale compute-energy facilities, distributed compute-energy networks, and a zero-carbon token ecosystem.

The companies said they intend to leverage green data center and direct green power connection technologies as part of the collaboration. No financial terms of the agreement were disclosed.

Josh Sheng Chen, Founder and Executive Chairperson of VNET, said: "By combining our complementary strengths and deepening cooperation across technology, infrastructure and supply chains, we will jointly advance innovation in integrated compute-energy systems."

VNET operates data centers in more than 30 cities across China and serves over 7,000 enterprise customers. CATL is a battery and energy technology company listed on exchanges in Shenzhen and Hong Kong.

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