Huayou Cobalt plans to set up an industrial fund of 400 million yuan

On December 14, Huayou Cobalt issued an announcement that the company plans to invest 400 million yuan to jointly establish Tongxiang Lithium Times Equity Investment Partnership (Limited Partnership) (hereinafter referred to as the industrial fund)
with Jiaxing Guangrun Equity Investment Fund Management Co.
, Ltd.
, Tongxiang Tongxin Equity Investment Fund Management Co.
, Ltd.
and Tongxiang Runhe Equity Investment Co.
, Ltd.

Huayou Cobalt said that this foreign investment to participate in the establishment of industrial funds is in line with the company's overall strategic development plan
.
The future investment targets of the industry fund will mainly focus on new energy lithium battery materials related fields, which will promote the company's transformation and upgrading to the new energy lithium battery materials industry, and help the company create a more competitive new energy lithium battery industry ecology
.

It is reported that after more than ten years of development accumulation, Huayou Cobalt has completed the spatial layout of headquarters in Tongxiang, Zhejiang, resource guarantee overseas, manufacturing base in China, and global market, forming an industrial pattern
of integrated and coordinated development of three major businesses: resources, new materials and new energy.