Senmiao Technology Limited, the Nasdaq-listed company trading under the ticker AIHS, has announced the formation of a joint venture with Constant Energy Construction Corp. to develop, invest in, construct and operate artificial intelligence data centers across the United States.

The partnership, disclosed on July 20, 2026, marks what the company describes as a significant milestone in its ongoing business transformation.

Structure of the Agreement

The joint venture was established through a formal operating agreement between Green Energy Capital Asset Inc., a wholly-owned subsidiary of Senmiao Technology, and Constant Energy Construction Corp., known as CECC.

The resulting entity, Nebula Matrix AI LLC, will serve as the central platform through which both companies pursue AI data center and digital infrastructure projects in the United States.

According to the announcement, Nebula Matrix AI LLC will oversee the complete project lifecycle, from site selection and power procurement through design, construction, financing and long-term operations.

The entity is structured to use joint ventures, special purpose vehicles, or other commercial arrangements as appropriate for individual projects.

The company was careful to note that all projects remain subject to the completion of commercial negotiations, due diligence, financing arrangements, regulatory approvals, and other closing conditions before any implementation can proceed.

What Each Partner Brings

The joint venture is built around a division of capabilities between the two founding companies. Senmiao Technology is positioned to contribute capital markets expertise, including its standing as a Nasdaq-listed company and its access to financing channels.

CECC is expected to contribute its experience in energy infrastructure, EPC engineering and construction, and project execution.

Senmiao Technology described the arrangement as combining capital markets resources, energy infrastructure capabilities, engineering and construction expertise, and broader industry resources to pursue opportunities in the U.S. artificial intelligence sector.

CECC, according to the announcement, focuses on the development and construction of energy and digital infrastructure in the United States, with capabilities spanning project development, engineering management, energy resource integration and EPC execution.

The company holds a track record of power and infrastructure projects in the country, though specific past projects were not detailed in the announcement.

Market Rationale

Both companies cited the rapid expansion of AI training, inference, and cloud computing demand as the driving force behind their decision to enter the data center development space.

Senmiao Technology stated its belief that the U.S. AI data center market is entering a new investment cycle, with power availability, land access and financing capability identified as the key competitive factors in that environment.

The companies characterized high-quality AI data centers as having the potential to become important infrastructure assets within the future digital economy, framing the joint venture as a means of positioning ahead of what they see as sustained long-term demand.

Strategic Shift for Senmiao Technology

The formation of Nebula Matrix AI LLC represents a notable departure from Senmiao Technology's historical business operations.

The company has historically provided automobile transactions and related services in China, including sales of automobiles, facilitation and services for automobile purchases and financing, management, operating leases, guarantees, and other automobile transaction services.

The company described the joint venture as an initial step toward its participation in the U.S.

AI infrastructure sector and characterized it as reflecting a broader strategic direction toward digital infrastructure, energy and strategic emerging industries. Ronggang Zhang, who serves as Chairman and Chief Executive Officer of AIHS, described the partnership as a significant milestone since the company's transformation began.

"Over the past year, the Company has been searching for a new positioning and direction for growth, and this cooperation represents a significant milestone since the Company's transformation began," Zhang stated.

"Artificial intelligence is driving global digital infrastructure into a new investment cycle. 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."

CECC's Perspective

Marcus Xue, Chief Executive Officer of CECC, expressed support for the long-term nature of the partnership.

"CECC brings experience in energy infrastructure and digital infrastructure construction, with a track record of power and infrastructure projects in the United States," Xue stated.

"We look forward to a long-term partnership with AIHS to jointly advance the development, construction, and operation of AI data center projects in the United States."

Scope and Limitations

The announcement emphasized that the formation of Nebula Matrix AI LLC is intended to function as a platform for pursuing AI infrastructure opportunities, but did not specify any particular project sites, clients, power agreements or financing commitments at this stage.

The company characterized the arrangement as an early-stage step toward building a competitive AI infrastructure development platform rather than the announcement of a completed or funded project.

Both companies stated their aim to build what they described as an AI infrastructure development platform designed to be competitive, without providing specific timelines, project targets or financial details associated with the venture's initial activities.