On October 21, Tianqi Lithium and GLP signed a strategic cooperation agreement in Chengdu. The two parties will carry out in-depth collaboration across multiple areas, including new materials, new energy, intelligent manufacturing, and their technological applications, as well as industrial chain investment and scenario-based implementation. Through resource integration and complementary strengths, the partnership aims to promote coordinated development across the entire industry chain.
Ming Mei, Co-founder and CEO of GLP, stated:
“New materials and new energy, as strategic emerging industries, are key drivers for developing new quality productive forces and will play a crucial role in promoting economic transformation and sustainable development. We are grateful for the trust and support of our investors. GLP’s subsidiary Hidden Hill Capital will leverage its forward-looking industrial investment capabilities and comprehensive post-investment empowerment to identify and support high-growth innovative enterprises, thereby creating long-term value for investors.”
Anqi Jiang, Chairwoman of Tianqi Lithium, commented:
“This marks Tianqi Lithium’s first deep collaboration with a private equity investment institution, representing a significant step forward in our strategic deployment along key segments of the industry chain. Through our cooperation with GLP and Hidden Hill Capital, we aim to advance technological innovation and industrial upgrading across the upstream and downstream of the new materials and new energy value chains.”
The strategic cooperation agreement was signed by Xia Juncheng, Director and President of Tianqi Lithium, and Huang Jia, Executive President of GLP China, in the presence of Chairwoman Anqi Jiang, CEO Ming Mei, and teams from both sides.
On October 22, Chengdu Tianqi, a wholly owned subsidiary of Tianqi Lithium, announced its participation in the establishment of the Anhui Hidden Hill Tianqi Dual New Equity Investment Fund (hereinafter referred to as the “Dual New Fund”), the first private equity fund of Hidden Hill Capital focused on the new materials and new energy sectors. The fund has completed fundraising, with a total size of RMB 500 million, of which Chengdu Tianqi contributed RMB 250 million. It will primarily invest in innovative enterprises within the new materials and new energy industry chains, supporting the development of strategic emerging industries and accelerating the global transition to green energy.
Dongfang Hao, Chief Strategy Officer of GLP China and Chairman and Managing Partner of Hidden Hill Capital, said:
“New materials and new energy are at a pivotal stage of technological innovation and market expansion. We are delighted to join forces with a leading industrial investor in these fields to combine our resources and expertise, explore frontier opportunities, and foster the high-quality development of emerging and future industries worldwide.”
The Dual New Fund marks the beginning of strategic cooperation between Tianqi Lithium and GLP. Going forward, both sides will continue to deepen collaboration through business synergy and resource allocation, contributing to the global green energy transition and injecting new momentum into the high-quality development of the new materials and new energy industries.
Source：https://mp.weixin.qq.com/s/i1XvI6BUOvBFxp-VhujrOA