Ann: US$5M Strategic Investment by ATL, page-266

Who really knows what he's thinking.

It seems many people want to interpret the relationship with ATL as something other than what it actually is. AGY received an investment from a Tier 3 Chinese company that supplies to the personal device market. Although TDK, a Japanese company, ultimately owns ATL, AGY didn't receive the investment from TDK; their agreement is with ATL. AGY also didn't sign an agreement with Ampace (the CATL JV), which focuses on the EV market.

There's a lot of exaggeration here to make things look better than they are. I have no idea why, as this announcement is positive in its own right and helps to diversify AGY's eventual customer base. However, claiming that AGY has a Tier 1 Japanese customer supplying the EV market is a blatant misrepresentation.