Yiwei Lithium Energy and Daimler Trucks established a joint venture in the United States with an investment of RMB 14.437 billion to RMB 21.655 billion

Yiwei Lithium Energy has established a joint venture with Daimler Truck, Paccar and Cummins in the United States to invest in the construction of battery production capacity. Yiwei Lithium Energy will hold a 10% stake in the joint venture, and the other three investors will each hold 30%. The joint venture factory will produce lithium iron phosphate batteries with an investment of US$2 billion to US$3 billion.