<?xml version="1.1" encoding="utf-8"?>
<article xsi:noNamespaceSchemaLocation="http://jats.nlm.nih.gov/publishing/1.1/xsd/JATS-journalpublishing1-mathml3.xsd" dtd-version="1.1" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"><front><journal-meta><journal-id journal-id-type="publisher-id">PBES</journal-id><journal-title-group><journal-title>Proceedings of Business and Economic Studies</journal-title></journal-title-group><issn>2209-2641</issn><eissn>2209-265X</eissn><publisher><publisher-name>Bio-Byword Scientific Publishing Pty. Ltd.</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.26689/pbes.v7i5.8630</article-id><article-categories><subj-group subj-group-type="heading"><subject>Article</subject></subj-group></article-categories><title>Case Analysis of Tianqi Lithium Corp’s Acquisition of Sociedad Química y Minera</title><url>https://artdesignp.com/journal/PBES/7/5/10.26689/pbes.v7i5.8630</url><author>ZhangJiaqi</author><pub-date pub-type="publication-year"><year>2024</year></pub-date><volume>7</volume><issue>5</issue><history><date date-type="pub"><published-time>2024-10-24</published-time></date></history><abstract>Enterprise mergers and acquisitions (M&amp;amp;A) are vital strategies for companies worldwide to expand markets, enhance competitiveness, and achieve strategic goals. The Chinese government’s strong support for the new energy industry has created a favorable policy environment for the development of the lithium battery sector. Against this backdrop, Tianqi Lithium Corp’s acquisition of Sociedad Química y Minera (SQM) in Chile has garnered widespread attention. This paper takes Tianqi Lithium Corp’s acquisition of SQM as the research subject, conducting a detailed analysis of the motives behind the M&amp;amp;A. Subsequently, financial indicators are employed to conduct a performance analysis from a financial perspective, examining the impact of the M&amp;amp;A. Finally, based on the findings of the case analysis, relevant suggestions are proposed to offer a reference for the development of enterprise mergers and acquisitions.</abstract><keywords/></article-meta></front><body/><back><ref-list><ref id="B1" content-type="article"><label>1</label><element-citation publication-type="journal"><p>Chen J, 2024, Analysis of the Investment Value of New Energy Materials Enterprises: A Case Study of Tianqi Lithium. China Industry &amp; Economy, 2024(1): 143–145.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B2" content-type="article"><label>2</label><element-citation publication-type="journal"><p>Xu Z, 2023, Research on Financial Risk Control Based on Differentiated Overseas Mergers and Acquisitions Strategies, dissertation, Tianjin University of Finance and Economics.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B3" content-type="article"><label>3</label><element-citation publication-type="journal"><p>Lu L, 2023, Research on the Financing Model of Tianqi Lithium’s Acquisition of Chile’s SQM. Modern Marketing (Lower Half of the Month), 2023(5): 39–41.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B4" content-type="article"><label>4</label><element-citation publication-type="journal"><p>Chen L, 2018, China’s Lithium Problem of Rich Lithium. Xiaokang, 2018(14): 68–71</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B5" content-type="article"><label>5</label><element-citation publication-type="journal"><p>Guo W, Clougherty AJ, 2022, Cross-Border Acquisition Activity by Chinese Multinationals and Domestic-Productivity Upgrading. Asia Pacific Journal of Management, 39(2): 659–695. https://doi.org/10.1007/s10490-020-09742-w</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B6" content-type="article"><label>6</label><element-citation publication-type="journal"><p>Wang X, Lin B, 2024, How Has Consumers’ Willingness to Pay for the Environmental Value of New Energy Vehicles Changed? Based on Comparative Surveys in 2016 and 2023. Research in International Business and Finance, 72(A): 102508. https://doi.org/10.1016/j.ribaf.2024.102508</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B7" content-type="article"><label>7</label><element-citation publication-type="journal"><p>Liu W, Agusdinata BD, 2020, Interdependencies of Lithium Mining and Communities Sustainability in Salar de Atacama, Chile. Journal of Cleaner Production, 260: 120838. https://doi.org/10.1016/j.jclepro.2020.120838</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B8" content-type="article"><label>8</label><element-citation publication-type="journal"><p>Gallardo BB, Bridge G, Prieto M, 2021, Harvesting Lithium: Water, Brine and the Industrial Dynamics of Production in the Salar de Atacama. Geoforum, 119: 177–189. https://doi.org/10.1016/j.geoforum.2021.01.001</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B9" content-type="article"><label>9</label><element-citation publication-type="journal"><p>Yang Y, 2024, Evaluation and Improvement of Profitability Indicators in Financial Analysis. Social Enterprise and Economic Development, 1(1): 213–214.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B10" content-type="article"><label>10</label><element-citation publication-type="journal"><p>Yan Y, 2024, Analysis of Solvency of Joyoung Co., Ltd. Investment and Cooperation, 2024(4): 140–142.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B11" content-type="article"><label>11</label><element-citation publication-type="journal"><p>Yan S, Sun F, 2021, Literature Review on the Impact of Overseas Mergers and Acquisitions on Corporate Innovation Performance. Scientific Journal of Economics and Management Research, 3(6): 55–57.</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B12" content-type="article"><label>12</label><element-citation publication-type="journal"><p>Jamasmie C, 2020, Tianqi Lithium to Sell Stake to Raise Cash. The Northern Miner, 106(12). https://www.northernminer.com/news/tianqi-lithium-reports-6-stake-up-for-sale/1003817056/</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B13" content-type="article"><label>13</label><element-citation publication-type="journal"><p>Good A, Fan L, Holland B, et al., 2024, Chile’s Codelco, SQM Seal Deal on Lithium Partnership. S&amp;P Global: Commodity Insights (Live), https://cilive.com/commodities/metals-mining/news-and-insight/053124-chile-codelco-sqm-seal-deal-lithium-partnership</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B14" content-type="article"><label>14</label><element-citation publication-type="journal"><p>Liu K, 2023, Analysis on Risk of Debt of Leveraged Financing in Cross-border M and A. The Frontiers of Society, Science and Technology, 5(7): 43–47. https://doi.org/10.25236/FSST.2023.050708</p><pub-id pub-id-type="doi"/></element-citation></ref><ref id="B15" content-type="article"><label>15</label><element-citation publication-type="journal"><p>Hongbo W, Zihui Z, 2014, Analysis and Prevention of Risks of Enterprise Merger and Acquisition. BioTechnology: An Indian Journal, 10(10): 4344–4349.</p><pub-id pub-id-type="doi"/></element-citation></ref></ref-list></back></article>
