DeepSeek slated to draw $9.5 billion in first fund raising, sources say
1
What Happened
Tencent, CATL are set to become the largest external investors, sources say.
2
Why It Matters
DeepSeek's $9.5 billion raise, anchored by Tencent and CATL, locks in two dominant supply-chain players, intensifying the EV battery arms race.
3
Who's Affected
DeepSeek