FY2023First statedAnnual report
「At a meeting of the Board of Directors held on 19 May 2023, the Company resolved to establish in the United States a CVC fund, Fund EX1, L.P., funded by TDK Ventures Inc., a consolidated subsidiary responsible for the Group's corporate venture capital (CVC) activities and based in California, United States, and Amperex Technology Limited, a consolidated subsidiary engaged in the manufacture and sale of secondary batteries and based in the Hong Kong Special Administrative Region of China. The fund is intended to create EX (energy transformation)-related businesses that contribute to the advancement of a decarbonized society and acquire new technologies.」
Fund EX1, L.P., funded by TDK Ventures and Amperex Technology Limited, was established on 23 May 2023. Its plan to invest up to USD 150 million, primarily in startups in the United States and Europe through May 2028, to create EX-related new businesses and acquire technologies was disclosed for the first time.