Senmiao Technology Limited (NASDAQ: AIHS) announced that its wholly-owned subsidiary, Green Energy Capital Asset Inc., has signed an operating agreement with Constant Energy Construction Corp. (CECC) to form a joint venture called Nebula Matrix AI LLC, which will develop, invest in, construct and operate AI data centers and digital infrastructure projects in the United States.

According to a press release, the joint venture will combine AIHS's capital markets capabilities with CECC's experience in energy infrastructure, engineering, procurement and construction. Nebula Matrix AI LLC will manage the full project lifecycle, including site selection, power procurement, design, construction, financing and long-term operations, using joint ventures, special purpose vehicles or other commercial structures depending on each project.

Senmiao Technology, which historically has provided automobile transaction and related services in China, said the agreement reflects its strategic effort to expand into digital infrastructure. All projects remain subject to completion of commercial negotiations, due diligence, financing arrangements and regulatory approvals.

Ronggang (Jonathan) Zhang, chairman and chief executive officer of AIHS, said, "Through this cooperation, we hope to build an AI infrastructure platform with long-term competitiveness, pursue the growing opportunity presented by the rapid growth of the U.S. AI industry, and seek to create long-term value for the Company and its shareholders."

Marcus Xue, chief executive officer of CECC, said his company brings a track record of power and infrastructure projects in the United States and looks forward to a long-term partnership with AIHS to advance the development, construction and operation of AI data center projects.