Ganfeng lithium invests in energy storage

How much will China's ganfeng lithium invest in battery production?

China's Ganfeng Lithium to invest $1.3 bln in battery production. Ganfeng Lithium, the world's biggest lithium company by market capitalisation, said on Thursday its subsidiary would invest a total 8.4 billion yuan ($1.3 billion) in two projects that will make "new-type" lithium batteries.

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.

Why did ganfeng invest in lithium?

“Ganfeng foresaw the mineral shortage and started investing aggressively many years ago,” says Susan Zou, battery materials analyst at research company Rystad Energy. When lithium prices slumped in 2019, the company kept investing, said John Kanellitsas, executive vice-chair of Lithium Americas, of which Ganfeng owns 20 per cent.

Who is ganfeng lithium battery?

Ganfeng Lithium Battery builds a high-end polymer lithium battery R&D and production base in Huizhou, Guangdong, and develops high-end polymer lithium battery R&D and production, in order to increase the company's high-end polymer lithium battery production scale and market share, and enhance its core competitiveness.

What is ganfeng's lithium plan?

A look at Ganfeng's global lithium assets. Ganfeng intends to grow their lithium production capacity to a massive 600,000 tpa LCE. That would be almost double the total lithium produced globally in 2019. Ganfeng plans to invest US$1.3b in two projects that will make "new-type" lithium batteries in China totaling 15GWh, starting in 2023/24.

Who makes gangfeng lithium?

China's Ganfeng is best known as a supplier of battery-grade lithium to clients including electric vehicle (EV) maker Tesla, but also makes batteries and last week secured 973.1 million yuan of investment in battery unit Ganfeng LiEnergy, including from electronics giant Xiaomi.