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On the evening of May 17th, Yiwei Lithium Energy announced that the 29th meeting of the fifth board of directors of the company held on the same day reviewed and approved the "Proposal on the establishment of joint ventures by subsidiary Yiwei Asia with Beiterui and SKI.
" Yiwei Lithium Energy’s wholly-owned subsidiary Yiwei Asia Co.
, Ltd.
(hereinafter referred to as “Everwell Asia”) intends to cooperate with Beterui (Jiangsu) New Material Technology Co.
, Ltd.
(hereinafter referred to as “Betterui”) and SK innovation Co.
, Ltd (SK Innovation Co.
, Ltd.
, hereinafter referred to as "SKI") jointly increased the capital of Changzhou Beiterui New Material Technology Co.
, Ltd.
(hereinafter referred to as "joint venture"), a subsidiary of Beterui
.
The joint venture company was established on December 29, 2020.
As of March 31, 2021, it has not yet commenced business
.
Yiwei Lithium Energy stated that the annual output of the joint venture company is designed and constructed based on the standard of 50,000 tons of high nickel ternary cathode materials for lithium batteries.
The business scope is High Ni cathode materials for LiB, Recycle, precursors and other three parties.
The development, manufacturing and sales of other products agreed upon, import and export, and procurement of related raw and auxiliary materials, and after-sales service, but the specific content is subject to the content on the business license of the joint venture company’s legal person
.
" Yiwei Lithium Energy’s wholly-owned subsidiary Yiwei Asia Co.
, Ltd.
(hereinafter referred to as “Everwell Asia”) intends to cooperate with Beterui (Jiangsu) New Material Technology Co.
, Ltd.
(hereinafter referred to as “Betterui”) and SK innovation Co.
, Ltd (SK Innovation Co.
, Ltd.
, hereinafter referred to as "SKI") jointly increased the capital of Changzhou Beiterui New Material Technology Co.
, Ltd.
(hereinafter referred to as "joint venture"), a subsidiary of Beterui
.
The joint venture company was established on December 29, 2020.
As of March 31, 2021, it has not yet commenced business
.
Yiwei Lithium Energy stated that the annual output of the joint venture company is designed and constructed based on the standard of 50,000 tons of high nickel ternary cathode materials for lithium batteries.
The business scope is High Ni cathode materials for LiB, Recycle, precursors and other three parties.
The development, manufacturing and sales of other products agreed upon, import and export, and procurement of related raw and auxiliary materials, and after-sales service, but the specific content is subject to the content on the business license of the joint venture company’s legal person
.
