Tianqi Lithium (SHE:002466) subsidiary Shehong Tianqi signed a capital increase agreement to invest 150 million yuan in new energy technology company Sunwoda Power Technology.
Sunwoda Power Technology specializes in power battery cells, modules, battery management systems and battery packs for electric vehicles and energy storage applications, according to a weekend filing with the Shenzhen bourse.
Shares of the lithium miner slipped nearly 1% in recent trade.
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