Yibin Tianyuan Group Co., Ltd. today issued an announcement on investment and cooperation in the establishment of a new company and the construction of lithium battery materials projects. The announcement shows that Yibin Tianyuan Group Co., Ltd., Suzhou Tianhua Super Clean Technology Co., Ltd., and CATL New Energy Technology Co., Ltd. Co., Ltd., Changjiang Morning Road (Hubei) New Energy Industry Investment Partnership (Limited Partnership), Ningbo Hanyi Investment Partnership (Partnership), Ningbo Meishan Bonded Port Area Chaoxing Investment Partnership (Limited Partnership) in November 2018 On the 13th, an investment agreement was signed in Ningde City, Fujian Province, jointly investing in the establishment of a new company and investing in the construction of lithium battery materials projects, further strengthening the industrial layout of the parties in the lithium battery industry.
The announcement stated that the investment and cooperation to establish a new company to develop lithium battery material raw materials projects not only conformed to national industrial policies and environmental protection policies, but also highly aligned with the development strategies of Sichuan Province, Yibin City, and the company. Yibin Tianyuan Company is in a critical period of strategic transformation, innovation and development of "one body and two wings" industry. The focus of industrial development extends from basic chlor-alkali chemicals to high-end growth industries such as new chemical materials, advanced energy chemical batteries and materials. The company's subsidiaries are investing in the construction of ternary cathode materials and precursor projects. The company's participation in this project can further improve the company's strategic layout in lithium power and new energy and enhance industrial synergy, expand and extend the existing circular economy industrial chain, and enhance The company's comprehensive competitiveness.