Tianqi Holdings Partners with Changan to Establish Joint Venture for Lithium Battery Recycling Business

Establishment of Joint Venture Company! Tianqi Holdings "Joins Hands" with Changan to Carry out Lithium Battery Recycling Business!

Tianqi Holdings announced on the evening of April 17th that the company plans to jointly establish a joint venture company named Chen Zhi'anqi Circular Technology Co., Ltd. (hereinafter referred to as the "joint venture company") with China Changan and Changan Automobile, and to collaborate with the joint venture company to carry out battery recycling, cascade utilization, and recycling business, aiming to build the leading battery recycling benchmark enterprise in the southwest region. Tianqi Holdings stated that this cooperation fully demonstrates the synergistic development of the company's intelligent equipment business and lithium battery recycling business, with both being the company's main businesses. Based on the resources accumulated in the automotive industry in the company's intelligent equipment business for many years, the joint venture will collaborate with car manufacturers to build a lithium battery recycling project, establish a full-range and closer cooperative relationship, create a more competitive green supply chain, and enhance the company's differentiated competitive advantages.