On December 29, Tianqi Co., Ltd. unveiled its strategic initiative to garner funds amounting to no more than 977 million yuan through a private placement scheme. In the English - speaking business world, “unveiled its strategic initiative” is a more formal and commonly used expression than simply “announced its plan”. It emphasizes the deliberate and planned nature of the action.

The proceeds from this capital - raising endeavor will be channeled into three key areas. Firstly, it will finance the construction of a state - of - the - art smart manufacturing base dedicated to automotive equipment. The term “state - of - the - art” is a well - recognized English phrase that highlights the cutting - edge and advanced nature of the facility, which is more vivid than just saying “construction of a... base”.

Secondly, the funds will support the establishment of a research and development center focused on robotic embodied intelligence systems tailored for the automotive industry. Here, “tailored for” clearly shows the specific application and customization of the research, which is in line with English expression habits.

Lastly, a portion of the capital will be utilized to bolster the company's working capital. “Bolster” is a more precise and formal verb compared to “supplement” in this context, as it conveys the idea of strengthening and reinforcing the working capital.