In the wave of the capital market, cross-border investment by enterprises is not uncommon. Once upon a time, titanium dioxide listed companies turned their attention to the lithium battery field, trying to get a share of the new energy trend. However, the recent situation has undergone dramatic changes, with multiple titanium dioxide listed companies collectively halting cross-border investments in lithium batteries. This phenomenon has attracted widespread attention in the industry, reflecting profound changes in the industry's supply and demand structure and difficult adjustments in corporate strategic decision-making.