CVC Investment Model Selection and Green Supply Chain Integration from a Co-Evolutionary Perspective: A Case Study on CATL’s Industry-Capital Synergy

Abstract

Corporate venture capital (CVC) has emerged as a critical vehicle for integrating industrial operations with financial capital, enabling enterprises to pursue strategic synergy and value creation. The selection of investment models and the green supply chain integration are increasingly pivotal strategies for leveraging capital to drive sustainability and low-carbon transformation. Drawing on the theoretical framework of resource orchestration and co-evolution, this paper examines Contemporary Amperex Technology Co., Limited (CATL) as a typical case to explore the dynamic interplay between its CVC model selection and green supply chain integration strategy. The findings reveal that (1) policy regulation, technological innovation, and market competition act as environmental selection pressures that catalyze the co-evolution of CVC initiatives and green business integration; (2) environmental selection logic reshapes supply chain architecture through renewed resource orchestration, while organizational adaptation logic guides the alignment of CVC models, together driving an evolutionary path of “technological breakthrough–economies of scale–ecosystem formation;” and (3) CVC enhances immediate supply chain integration by strengthening resource coordination, while accumulated intertemporal supply chain experience refines investment strategy, establishing a mutually reinforcing evolutionary loop. Accordingly, enterprises should dynamically align their CVC models with green business strategies, build responsive mechanisms across policy, technology, and market domains, and improve strategic agility through anticipatory resource deployment and ecological breakthroughs, advancing the sustainable development of industrial and supply chains.

Keywords

corporate venture capital (CVC) / organizational context / co-evolution / green supply chain integration / industry-capital synergy

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Higher Education Press