Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com Sept. 13, new energy materials company Tianqi Lithium Industry announced today that it has signed a "share subscription Agreement" with smart Brand Global, which will invest US $150 million in smart (CTOnews.com Note: currently about 1.095 billion yuan).

Jiang Weiping, founder and chairman of Tianqi Lithium Industry, said: "Tianqi Lithium Industry has been ploughing the lithium industry for more than 30 years, focusing deeply on the sustainable development of the whole lithium industry chain. Investing in the smart brand is the first time that Tianqi Lithium Industry has established a relationship with the downstream end of the industry chain, which will further deepen our understanding of the new energy industry chain. In the future, Tianqi Lithium Industry will join hands with strategic partners to promote the transformation of lithium battery vehicle technology to low carbon, environmental protection and green, and make new contributions to the progress of human civilization and sustainable development. "

Tong Xiangbei, CEO of smart brand global company, said: "Tianqi Lithium Industry has become the leader of our round A financing, which is of strategic significance to smart. This signing, smart and Tianqi Lithium Industry not only reached a financial level of cooperation, but also will make full use of the information advantages of both sides in the upper and lower reaches of the industrial chain and give full play to industrial synergy to enable the steady development of the business."

According to public information, smart Brand Global was founded in 2019 and is now owned by Mercedes-Benz AG and Geely Automobile Group Co., Ltd. At present, the main models sold by smart in the domestic market include Spirit # 1 and Spirit # 3, with starting prices of 1790,000 yuan and 209900 yuan respectively.

Tianqi Lithium also signed a memorandum of understanding with Mercedes-Benz AG today, laying the foundation for possible cooperation in the field of electrification. Tianqi Lithium Industry said that the cooperation memorandum signed this time is an intentional document, and some of the provisions are not legally binding.

In addition, Tianqi Lithium Industry and Geely Holdings Group announced the signing of a strategic cooperation agreement, according to the contents of the agreement, the two sides will carry out in-depth cooperation in upstream resources, core materials, lithium technology research, lightweight materials for new energy vehicles, software technology development and other fields.

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