On April 16, Easpring Technology announced that it plans to use its own or self-raised funds of Yuan 145 million to acquire 51% equity of YouTian Technology and 49% equity of Juneng New Materials held by YouShan Technology. Upon completion of the transaction, the company will jointly invest with Yuntianhua in the construction of a lithium iron phosphate (LFP) integrated project, including a 150,000 tonnes/year LFP production line and a 200,000 tonnes/year high-performance iron phosphate battery material precursor project.
Among them, the transaction price for the 51% equity of YouTian Technology is Yuan 36 million, and the transaction price for the 49% equity of Juneng New Materials is Yuan 109 million. This transaction does not constitute a related-party transaction nor a major asset restructuring, and is still subject to review and approval by the antitrust enforcement authority. Upon completion, the project will help build a synergistic and stable resource-material supply chain, enhancing the company's profitability and market competitiveness in its phosphorus-based product business.
Join Mysteel's April 30 webinar to explore whether supply disruptions will drive the next leg higher for lithium and nickel markets in Q2 2026. https://www.mysteel.net/event-listings/100067-q2-2026-lithium-and-nickel-will-supply-disruptions-fuel-further-price-hikes
Edited by Cassie Li, lixiangying@mysteel.com
