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