# Tanaka Seiki and United Innovation set up JV for lithium battery coating machines

Tanaka Seiki (300461.SZ) signed an investment agreement with Shenzhen United Innovation Management Center to establish a joint venture, Shenzhen Youfu Intelligent Equipment Co., Ltd., with registered capital of RMB 50 million. Tanaka Seiki will hold 70% and United Innovation 30%. The JV will develop and produce coating machines, key equipment for lithium battery production lines.

- Type: Partnership
- Announced: 2022-06-29
- Where: Shenzhen, China, China
- Value: $7.50M (50.0M CNY)
- Status: announced
- Products: coating machines for lithium battery production lines
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Tanaka Seiki](https://endata.com/companies/63768.md) (partner)
- [Shenzhen United Innovation Management Center](https://endata.com/companies/63769.md) (partner)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/746687.html), 2022-06-29: "本次对外投资设立控股子公司是公司进入新能源锂电行业整体战略规划的重要内容。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.