Core Viewpoint - Tian Tie Technology has announced its decision to invest in and acquire equity from Xin Jie Energy to further develop its solid-state battery business [2][6]. Investment and Equity Transfer - The company plans to establish a partnership with a total investment of RMB 301.5 million (approximately USD 4.2 million) to jointly invest in Xin Jie Energy [3][4]. - Tian Tie Technology will acquire 30% equity of Zhejiang Xin Jie from Xin Jie Energy for RMB 3 million (approximately USD 420,000) [5]. Strategic Importance - These transactions represent a significant move for Tian Tie Technology in the new energy lithium material sector, aligning with its main business and enhancing its competitive edge without affecting daily operations [6]. Company Background - Tian Tie Technology, established in 2003, operates in two main areas: vibration reduction and lithium new energy materials. It produces key materials such as lithium metal, n-butyl lithium, and anhydrous lithium chloride through its subsidiaries [7]. Xin Jie Energy Overview - Founded in 2020, Xin Jie Energy focuses on the research and production of solid-state lithium batteries, with a core technology involving oxide solid electrolytes paired with lithium metal anodes. It plans to release a solid-state battery with an energy density of 480 Wh/kg by November 2024 [8]. Production Capacity - Xin Jie Energy has established a 200 MWh pilot production line in 2023 and plans to invest in a 10 GWh lithium metal solid-state battery production capacity, with the first phase involving a 2 GWh production line [9].
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