The Chinese lithium and battery producer Ganfeng Lithium is investing 15 billion yuan in two new battery factories to increase its production capacities by 34 GWh to around 100 GWh per year. Converted, the investment amounts to 2.2 billion euros.
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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.
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Ganfeng Lithium has begun construction of a solid-state battery production facility, which the company says will be the largest of its kind in China to date. Once completed, the factory in Chongqing will offer annual capacities of 10 GWh each for the production of battery cells as well as battery packs.
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Ganfeng LiEnergy, a subsidiary of lithium producer Ganfeng Lithium, has started operating a battery factory with an annual capacity of ten GWh in Xinyu in China’s Jiangxi province.
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Tesla has signed a new framework agreement with Ganfeng Lithium for the supply of lithium hydroxide for three years starting in 2022. The sales volume and order value are to be determined on the basis of Tesla’s specific orders.
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Materials technology and recycling group Umicore has signed long-term lithium supply agreements with Ganfeng Lithium and Vulcan Energy Resources. Both contracts have an initial term of five years and can be extended by mutual agreement.
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The International Lithium Association (ILiA) has been formed by five founding members: SQM, Ganfeng Lithium, AMG Brazil, Orocobre and Pilbara Minerals.
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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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The South Korean battery manufacturer LG Chem has signed an agreement with the Chinese Ganfeng Lithium to supply 48,000 tonnes of lithium hydroxide for electric vehicle batteries until 2022.
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The Chilean lithium supplier SQM will sell their 50% stake in the Cuachari-Olaroz project in Argentina to the Chinese company Ganfeng Lithium for 87.5 million dollars.
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