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NewsFlash / Cobalt & Lithium / Miracle Auto's Lithium Battery Recycling Subsidiary Secures Investment from Qingdao Huatie Fund

Miracle Auto's Lithium Battery Recycling Subsidiary Secures Investment from Qingdao Huatie Fund

May 20, 2025 13:22

Source:SMM

[Lithium Battery Recycling: Core Subsidiary of Miracle Auto's Lithium Battery Recycling Business Introduces Investment from Qingdao Huatie Fund] On May 17, 2025, Miracle Auto announced that Jiangxi Miracle Golden Tiger Cobalt plans to introduce Qingdao Huatie New Energy Venture Capital Fund Partnership (Limited Partnership) as an investor through capital increase and share expansion. Qingdao Huatie Fund intends to invest RMB 70 million to acquire a 2.8% stake in Miracle Golden Tiger Cobalt. Of this amount, RMB 3.6008 million will be recorded as additional registered capital, and the remaining RMB 63.9992 million will be recorded as capital reserve. The company has decided to waive its pre-emptive right to subscribe for this capital increase.

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