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05 Aug
16:46

Ganfeng to invest $1.3 billion in 2 new battery plants in China

Chinese lithium giant Ganfeng Lithium will invest RMB 8.4 billion ($1.3 billion) in two battery manufacturing plants in China, Kallanish learns from an exchange filing on Thursday. The investment by its subsidiary Ganfeng LiEnergy is divided into two projects to produce a “new-type” of batteries, with a combined capacity of 15 gigawatt-hours per year. The company will allocate RMB 5.4 billion to build an industrial park in Chongqing, southwest China,…
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