Tianqi Shares to Raise ¥977 Million for Automotive AI Robotics

Capital Raise: On December 29, Tianqi Shares unveiled plans for a private placement to raise up to <strong class="body_output text-content_primary font-semibold" node="[object Object]">976.84 million yuan .
Strategic Focus: The funds are designated for an intelligent automotive manufacturing base and a new R&amp;D center for <strong class="body_output text-content_primary font-semibold" node="[object Object]">embodied AI robot systems .
Funding Mechanism: The company will initially use its own capital to start the projects, which will be replenished once the <strong class="body_output text-content_primary font-semibold" node="[object Object]">private placement funds are secured.

Tianqi Shares Details ¥977 Million Private Placement

On December 29, Tianqi Shares announced a plan to raise up to 976.84 million yuan through a private placement of stock. The capital is intended to finance a strategic expansion into advanced manufacturing and artificial intelligence. The net proceeds, after deducting issuance costs, are allocated to three primary areas: the construction of an intelligent automotive equipment manufacturing base, the establishment of a new research and development center, and the supplementation of the company's working capital.

New R&D Center to Focus on Automotive Embodied AI

The cornerstone of the investment plan is the creation of a research and development center focused on embodied AI robot systems specifically for the automotive industry. This initiative positions Tianqi Shares to compete in the high-growth sector of industrial automation and smart factories. To ensure project momentum, the company stated it will use its own funds to begin development before the placement is finalized, later replacing the initial investment with the proceeds from the offering. This move signals a strong commitment to accelerating its technological roadmap and strengthening its long-term competitive position in the market.