Tianyuan Group acquires 20.21% stake in Tiancheng Lithium Battery
2026-09-24 11:07:44 [Print]
Tianyuan Group announced on September 21 that it had won a bid through the Nanxi District Public Resource Trading Center in Yibin to acquire a 20.21% stake in its controlled subsidiary, Yibin Tiancheng Lithium Battery New Materials Co., Ltd., from Yibin Luotou Asset Management Co., Ltd. for about RMB92.88 million (USD13.83 million).
Upon completion of the transaction, Tiancheng Lithium Battery will become a wholly-owned subsidiary of the company. The move is expected to help Tianyuan Group further expand its investment in the lithium battery new energy materials sector and accelerate technological innovation.
Tiancheng Lithium Battery is a high-tech enterprise focused on providing customers with high-safety, high-energy-density and long-cycle-life phosphate-series cathode materials. Its products are mainly used in power batteries for new energy vehicles, energy storage batteries and specialty batteries.
Upon completion of the transaction, Tiancheng Lithium Battery will become a wholly-owned subsidiary of the company. The move is expected to help Tianyuan Group further expand its investment in the lithium battery new energy materials sector and accelerate technological innovation.
Tiancheng Lithium Battery is a high-tech enterprise focused on providing customers with high-safety, high-energy-density and long-cycle-life phosphate-series cathode materials. Its products are mainly used in power batteries for new energy vehicles, energy storage batteries and specialty batteries.
