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17 Jul
04:50

Tianqi Lithium to invest in Smart Mobility Pte in downstream move

Shenzhen-listed lithium producer Tianqi Lithium has recently approved an equity financing proposal of investing $150 million in Smart Mobility Pte Limited, the Singapore-based controller of new energy vehicle company Smart Automobile, Kallanish learns.  Tianqi Lithium’s Hong Kong-based wholly-owned subsidiary will use the company’s own fund to join the A-series equity financing of Smart Mobility by subscribing to 17.60 million shares of A-sha…
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