Ganfeng Lithium to invest $1.3 billion in lithium battery production projects

By IM Staff
Published: Monday, 09 August 2021

Ganfeng Lithium said on Friday August 6 that its subsidiary, Jiangxi Ganfeng Battery Technology Co., Ltd, will invest $1.3 billion in two lithium battery projects with a combined annual production capacity of 15 gigawatt-hours (GWh).

Ganfeng Lithium will spend 3 billion yuan ($462.6 million) constructing a new 5GWh battery production plant in Xinyu city, Jiangxi Province, which will start production in October 2023.5.4 billion yuan...

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