Core Insights - Tianhua New Energy's actual controllers, Pei Zhenhua and Rong Jianfen, plan to transfer a total of 12.95% of the company's shares to CATL for a total consideration of 2.635 billion yuan [1][4] - The lithium battery industry is entering a growth phase, with major players like CATL and Zhongchuang Xinhang investing in upstream material companies to secure supply chains [1][4] Company Summary - Tianhua New Energy will transfer 107,582,325 shares, with Pei Zhenhua holding 49,208,960 shares (5.92%) and Rong Jianfen holding 58,373,365 shares (7.03%) [4] - The transfer does not trigger a mandatory takeover bid and will not change the company's control [5][6] Industry Summary - The lithium battery sector is expected to maintain a high growth trajectory in the coming years, particularly in the separator and overall lithium battery market [1] - Similar capital operations were common during the last peak of the lithium battery industry, indicating a trend of upstream material companies being acquired by leading battery manufacturers [1]