At Chengdu City/Hangzhou City, on September 13, 2023, Tianqi Lithium Corporation and Zhejiang Geely Holding Group forged a strategic cooperation agreement. This alliance aims to maximize the strengths of both entities and uncover fresh avenues for growth, fostering innovation and development in the realm of new energy.
The burgeoning new energy industry is rapidly expanding across diverse sectors. In order to achieve sustainable development and realize the goals of carbon peaking and carbon neutrality, a collaborative effort spanning the entire industry chain becomes imperative for carbon reduction. As leading entities within this sector, TLC and Geely Holding, are poised to combine their strengths to expedite industry transformation, elevate user experiences, and catalyze innovation within the domain of lithium battery materials and industrial integration. This collaborative endeavor will encompass a wide spectrum of facets including upstream resource management, pivotal material components, research and development of lithium batteries, lightweight materials for new energy vehicles, and the advancement of software technology. Through this united front, we anticipate propelling the new energy industry forward, driving advancements in lithium battery materials, fostering industrial integration, and ushering in an era of comprehensive transformation.
Tianqi Lithium Corporation, as a global leader in lithium-based new energy materials, has been steadfastly committed to harnessing a diverse range of clean energy resources. With a long-standing focus on China's strategic direction in lithium-ion battery development, the company propels its growth through a relentless pursuit of innovation. Celebrating this pivotal signing, TLC is forging a strategic partnership with Geely Holding to collectively execute the agreement's provisions, thus propelling the realization of collaborative projects. This concerted effort is designed to consistently infuse new vigor into the innovative evolution of the new energy industry.
The aforementioned strategic cooperation agreement signed is a letter of intent. Certain provisions within it are non-binding and are not expected to have a substantial impact on the company's present or future operations. The feasibility and specific implementation details of the related intentions are uncertain. Investors are advised to invest rationally and pay attention to investment risks.
