Congratulations! Chengxin Lithium's Introduction of Strategic Investor BYD's Non-Public Offering Project Passes the Review Meeting Successfully
Release time:
2022-11-08
On October 31, 2022, Chengxin Lithium's non-public offering of shares was approved by the China Securities Regulatory Commission. The private offering has brought in BYD as a strategic investor, raising up to 23 billion yuan, fully subscribed by BYD. All the funds raised will be utilized for replenishing liquidity and repaying debts.
As a leader in the global new energy vehicle industry, BYD possesses world-leading battery, motor, electronic control, and vehicle core technologies and holds a significant market share in new energy vehicles. The introduction of BYD as a strategic investor will facilitate further collaboration between the two parties in areas such as raw material procurement, sales and processing; technical cooperation and exchange; cooperative development of mineral resources; and coordination of industrial chain resources to achieve resource sharing and complementary advantages.
Against the backdrop of "Carbon Peak" and "Carbon Neutrality," major economies worldwide are actively promoting green transformation. This vigorous development within the new energy vehicle industry is driving rapid growth in energy storage demand, propelling the lithium battery and lithium new energy materials industry into a fast lane of development. Upon completion of this non-public offering fundraising process, it can supplement the working capital required for business expansion while enhancing financial strength and risk management capabilities. This will aid in optimizing business layout, financial capabilities, talent acquisition efforts while enabling seizing opportunities for rapid advancement within the lithium battery new energy industry to accelerate realization of our strategic goal to become a global leader in lithium battery new energy materials.
NEWS
2025-01-14
Pioneering a Sustainable Future: Suining Shengxin Lithium Receives National Green Factory Award
In January 2025, Suining Chengxin Lithium Co., Ltd., a wholly-owned subsidiary of Chengxin Lithium, was officially bestowed the prestigious title of "National Green Factory." This accolade not only underscores Suining Chengxin's remarkable achievements in environmental stewardship and sustainable development but also highlights Chengxin Lithium's exemplary ability in driving the green transformation of industrial facilities.
2024-12-10
Chengxin Lithium's Subsidiary, Max Mind, Garners Prestigious National-Level ESG Award in Zimbabwe
On November 29, 2024, at the 2024 Zimbabwe National ESG & CSRAchievement Awards Ceremony held at the International Convention Centre in Harare, the capital of Zimbabwe, Max Mind, a subsidiary of Chengxin Lithium , was awarded the title of "ESG Award for InclusiveDevelopment of SDGs".
2024-10-24
Chengxin Lithium Initiates Annual Higher Education Scholarship Program
In October, Chengxin Lithium successfully concluded its 2024 annual higher education scholarship initiative—subsidiaries including Zhiyuan Lithium and Suining Chengxin Lithium held successive award ceremonies that empowered young scholars with wings to pursue their aspirations, enabling them to navigate the vast ocean of knowledge and courageously chase their radiant dreams.
© 2021 Chengxin Lithium