Ganfeng Lithium & GAC Aion sign battery cooperation
The Chinese lithium producer Ganfeng Lithium has agreed on a long-term strategic partnership with GAC Aion, the electric car offshoot of the Chinese GAC Group. This is not just about the supply of battery materials.
In addition to supplying battery raw materials to GAC Aion, the cooperation also aims to develop new battery types such as solid-state batteries and recycle electric vehicle batteries. This is reported by the portal Gasgoo with reference to a Chinese announcement by Ganfeng.
Although the report does not give details, it apparently focuses on the costs of the batteries. On the one hand, Ganfeng will provide “reliable and cost-effective battery raw materials” for GAC Aion and its “potential suppliers”. On the other, there is precisely cooperation in developing solid-state batteries. “Under the premise of competitive technologies, quality and cost”, GAC Aion will introduce Ganfeng Lithium’s novel battery solutions “as a priority”.
There is a simple reason why Ganfeng Lithium emphasises that the “technological value” and competitiveness of the Aion brand will also be increased in this way: According to the Gasgoo report, Ganfeng has decided to participate in a capital increase of GAC Aion as a strategic investor. However, there are no details on this yet.
Ganfeng Lithium has recently started the construction of a production facility for solid-state batteries. Once completed, the factory in Chongqing will offer annual capacities of 10 GWh each for the production of battery cells and battery packs.
Since the expansion of the first plant in Guangzhou, GAC Aion has the capacity to build up to 200,000 electric cars per year. When the second plant goes into operation in December, the production capacity will be 400,000 cars per year.