“Whether Jiang Anqi can succeed depends first on her ability, which has a process. In the most difficult years of Tianqi, 2019 and 2020, she has undertaken responsibilities far beyond her scope of responsibility. At present, the board of directors and I are very confident in her ability to participate in corporate governance.” At the 2021 annual general meeting held on May 23, Jiang Weiping, chairman of Tianqi Lithium Corporation(002466) board of directors, did not shy away from the sensitive topics raised by investors, such as whether his daughter would take over or not. On the company’s resource reserves, capacity expansion, downstream industry extension and successors and other topics, “father and daughter” and company executives have made more detailed answers one by one.
As the daughter of Jiang Weiping, the actual controller of Tianqi Lithium Corporation(002466) company, Jiang Anqi served as a director of the company as early as February 2017, mainly responsible for assisting the company in formulating strategy and investment planning and assisting the chairman in making major strategic decisions. However, it is the first time to attend the annual general meeting of shareholders of the company as a vice chairman. Therefore, some investors asked Jiang Weiping whether Jiang Anqi had started to take over. Jiang Weiping further said that Tianqi Lithium Corporation(002466) is an international enterprise, with more than 60% of its assets overseas. The company’s foreign investment not only exports funds, but also needs to export continuously optimized management and talents. The heads of all departments and sectors of the company are appointed after extensive audition, not based on blood relationship, but the capable.
On May 21, the 542857% equity of snowy mining in Yajiang County, Ganzi Prefecture, Sichuan Province was auctioned at the price of 2 billion yuan, which attracted much attention from the industry Tianqi Lithium Corporation(002466) will lithium resource reserves be added? Jiang Weiping said: being in the industry, it is not convenient for him to make a value judgment on this matter, but it is indeed beyond his imagination. Auctions for several days and nights are relatively rare. The auctions are prospecting rights, not mining rights, and the buyers have to bear the corresponding debts. “It can only show that everyone loves the pursuit of lithium. I hope it will be a good thing.” He stressed that as a participant in the industry for more than 20 years, Tianqi Lithium Corporation(002466) as early as 2008, he obtained the lithium exploration right in Ganzi Prefecture. At that time, lithium resources were not worth money. “The auction must be based on the market behavior after its business model calculation.” Jiang Anqi further added that Tianqi Lithium Corporation(002466) in the future, it will consider whether to increase resource reserves based on commercial value, and will evaluate new projects from a more comprehensive perspective such as project economy and product price, but the way to make this decision should be calm, long-term and stable.
The company has restarted the lithium mining as soon as possible. At present, the company has done a lot of work in the early stage of lithium mining. Not long ago, he went to Ganzi Prefecture with Suining party and government delegation for investigation and exchange. The two local governments made in-depth discussions on promoting green development and other related matters. It can be expected that the Cuola lithium project will be built into a demonstration project with both environmental protection and high-level development. According to BDA report, as of December 31, 2021, the lithium resource of Cuola spodumene mine is about Shanghai Pudong Development Bank Co.Ltd(600000) tons of LCE.
As the upstream leader of lithium battery, Tianqi Lithium Corporation(002466) what are the considerations for downstream extension? How to choose partners? Jiang Weiping believes that upstream and downstream enterprises should win and benefit each other when the industry boom is high and take responsibility together when the industry downturn. Partners can complement each other’s strengths and learn from each other’s strengths, which is easier to produce synergy. This is the case with the company’s previous cooperation with Beijing satellite blue, which is also a measure for the company to extend its application to the downstream. Wei Lan made it clear that its battery technology can reach 1000 kilometers, and solid-state battery or semi-solid battery is the development direction, but this requires innovation in materials. Tianqi is a manufacturer of materials, which is a relatively scarce area of satellite blue. Both sides can take their own advantages to cooperate with battery research and development.
