Tianqi Lithium began to layout solid state batteries

Recently, tianqi lithium industry in the interactive platform to investors, the company's participation in the United States Solid Energy company to develop and produce ultra-high energy density, ultra-thin lithium metal batteries, the development of electrolytes and negative materials, and solid battery research and development and application are closely related.

In addition, due to the future application of metallic lithium in the development of lithium metal solid metal batteries with high energy density, lighter weight and high mileage, Chongqing Tianqi, a subsidiary of Tianqi Lithium Industry Distribution Holding Co., Ltd., produces and processes metal lithium and its profiles. And sales, Production of lithium metal is expected to increase significantly in 2018.

It is reported that Solid Energy Co., Ltd. was established in 2012 and is located in Woburn, Massachusetts, USA. It mainly develops and produces ultra-thin lithium metal negative electrode batteries with ultra-high energy density and develops electrolytes and negative electrode materials.

The company received a total of 4.5 million U.S. dollars in A-round investment in Singapore Temasek(Xiangfeng Investment) and Shanghai Qianyang in 2013. In January 2016, it received a $12 million B-round investment from SAIC, General Motors and Appleed Materials. In December 2017, it received a $30 million C round of financing, but the specific investor did not disclose it at that time.

According to the 2017 annual report released by Tianqi Lithium, on December 5 of that year, Tianqi Lithium Hong Kong used its own capital of 12.5 million U.S. dollars to participate in the "C round preferred stock" financing of Solid Energy System, and the shareholding ratio after investment was 11.72 <UNK>.

Tianqi Lithium said the investment is in line with the company's strategic plan and will help the company understand the new generation of battery technology downstream, improve the company's production technology and quality of metal lithium and achieve stable sales.

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