Tianqi Shares and Changan Automobile and other companies jointly established a new company to promote the closed loop of the power battery full life cycle industry chain

Tianqi Shares, Changan Automobile and other well-known companies jointly founded Chenzhi Anqi Recycling Technology Co., Ltd. with a registered capital of 180 million yuan. The company's shareholders include Tianqi Shares, China Changan Automobile Group Co., Ltd. and Changan Automobile. Its business scope covers the sales of new metal functional materials, the smelting of rare rare earth metals, and the smelting of common non-ferrous metals. Since the end of 2021, Tianqi Shares has signed cooperation agreements with China Changan, Changan Automobile, Maserati, Stellantis, FAW, Honeycomb Energy, JD Technology, Xingheng Power Supply, Haitong Hengxin, Shanxi Wuchan Group, Guangzhou Huasheng Technology and many other companies. It is planned to establish several joint venture factories in 2024.