How is ganfeng lithium s energy storage business

What is ganfeng lithium?

Ganfeng Lithium’s business include upstream resource extraction, midstream lithium salt processing and Lithium metal refining, downstream lithium battery production and battery waste management, etc. Our products have been applied to electric cars, energy storage, 3C products, chemical and pharmaceutical fields, etc.

Why did ganfeng invest in lithium salt?

Demand for lithium salt in connection with the rapid growth of the electric vehicle and energy storage industries helped Ganfeng’s business, along with a new battery project and gains in the value of financial assets held by Ganfeng, the company said. China has emerged as the world-leading market for EVs.

What will gangfeng lithium do in the future?

As the carrier of Ganfeng Lithium’s lithium battery business, in the future, Ganfeng Lithium will continue to increase investment in technology, management, quality and other dimensions, taking "leading a new era of lithium battery technology innovation" as its corporate mission and contributing to the development of mankind.

How much does ganfeng lithium make a year?

Public data shows that from January to September 2020, Ganfeng's lithium battery operating income reached 875,989,200 yuan, and its net profit was 39,585,500 yuan. "Committed to creating the most creative lithium battery smart new energy, and becoming the first echelon of the global lithium battery industry" is the vision of Ganfeng Lithium.

How ganfeng energy storage system works?

On the grid side, the Ganfeng energy storage system can effectively improve the utilization of grid equipment, shift peaks and fill valleys to adjust load demand, and reduce equipment pressure. Connect distributed energy in a scientific way to reduce network loss, maximize energy utilization, and stabilize power quality.

Where are ganfeng's lithium resources located?

Ganfeng's lithium resources are located in several countries and regions worldwide, and we have advanced technologies for 'lithium extraction from brine', 'lithium extraction from ore', and 'lithium recycling'. Our production capacity of lithium compounds and lithium metals is among the highest in the world.