The BMW Group has just concluded a supply contract with Ganfeng Lithium based in Jiangxi, China, with a forecast volume of €540M for the supply of lithium hydroxide for battery cells. The lithium will be extracted in Australia with deliveries to start next year.
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Volkswagen has signed a letter of intent with Ganfeng Lithium for the long-term supply of lithium for battery cells. It is planned that Ganfeng will supply the Wolfsburg-based company and its suppliers with lithium for the next ten years.
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Following the deals with Tesla and LG Chem, BMW has now also signed a five year supply agreement with Ganfeng Lithium for lithium hydroxide.
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The Chinese firm Ganfeng Lithium has signed an agreement with Tesla for the delivery of lithium hydroxide. The agreement runs from 2018 until 2020, with an option to extend for another three years. Ganfeng Lithium will deliver one fifth of their total lithium hydroxide stock to Tesla.
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