Ganfeng Lithium plans to build two lithium battery projects

Sinochem News.
com News on August 5th, Ganfeng Lithium announced that its holding subsidiary Ganfeng Lithium intends to invest 3 billion yuan in the Xinyu High-tech Industrial Development Zone, Jiangxi, to build a new type of lithium battery project with an annual output of 5GWh.
A new independent legal entity company in the new district invested 5.
4 billion yuan to build a new type of lithium battery technology industrial park with an annual output of 10GWh and an advanced battery research institute project
.

According to the announcement, the Jiangxi Xinyu new-type lithium battery project is scheduled to be completed and put into production in October 2023; the Chongqing Industrial Park and Research Institute project will start construction within 3 months from the date of signing the "Delivery Minutes", and 18 after the start of construction Complete the completion filing within this month, and start production within 6 months after the completion filing
.

It is worth mentioning that in addition to the construction of a 10GWh lithium battery manufacturing base in the Chongqing project, the Advanced Battery Research Institute also involves the direction of solid-state batteries
.
The company stated that after Ganfeng Lithium Battery or its holding company reached a cooperation with Chongqing’s new energy automobile companies, Ganfeng Lithium Battery set up an advanced battery research institute in Chongqing to provide technical support for the technical update and product iteration of various solid-state batteries.

Ganfeng Lithium said that the investment in the above two projects will help increase the company’s production scale, market share and R&D capabilities of the company’s lithium battery products, get closer to the market and better serve core customers, promote the optimization and upgrading of the company’s lithium industry chain structure, and strengthen the company.