Ganfeng lithium and energy storage project

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Ganfeng lithium and energy storage project

Ganfeng Lithium is actively investing in several energy storage projects:They are developing a lithium battery technology industrial park in Liangjiang New Area, with an investment exceeding 5 billion yuan and a planned capacity of 20GWh for solid-state batteries1.Ganfeng's subsidiary has signed an agreement for a battery manufacturing and R&D project in Xiangyang, Hubei Province2.They are also investing CNY 5 billion in a new lithium battery plant and energy storage headquarters in Dongguan, Guangdong Province, with an annual capacity of 10 GWh3.Additionally, Ganfeng has entered a strategic cooperation agreement for a project involving lithium resources and energy storage applications in Yichun4. Located in the Liangjiang New Area, Ganfeng's new lithium battery technology industrial park has delivered over 1,000 solid-state batteries, with a fixed investment exceeding 5 billion yuan and a planned capacity of 20GWh, expected to become the largest solid-state battery production. Major Chinese lithium supplier Ganfeng Lithium announced in May that its subsidiary Ganfeng LiEnergy Technology has signed an agreement with the government of Xiangyang for the development of a project related to battery manufacturing and R&D. Xiangyang is a city. Ganfeng Lithium will also invest CNY5 billion in a new lithium battery plant with an annual capacity of 10 GWh and an energy storage headquarters in Dongguan in China’s southern Guangdong province. The firm had already started ramping up capacity last year amid surging demand for lithium batteries. On September 28, it disclosed that it has signed a new strategic cooperation agreement with the government of Yichun for the joint development of a project that encompasses lithium resources, Li-ion battery materials, new types of Li-ion batteries, and products for various energy storage.

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6 FAQs about [Ganfeng lithium and energy storage project]

When will gangfeng lithium integrate its battery business?

In May 2020, Ganfeng Lithium will integrate all its battery businesses into Ganfeng Lithium Technology Co., Ltd. With the integration of the lithium battery business, the expansion of Ganfeng's lithium battery business will further accelerate.

What are Ganfeng's plans for lithium production?

Ganfeng Lithium aims to grow their lithium production capacity to 600,000 tpa LCE by investing in two projects that will make 'new-type' lithium batteries in China. This would almost double the total lithium produced globally in 2019.

Is ganfeng's solid-state battery undergoing capacity creep?

Production of the solid-state battery is currently undergoing capacity creep, with application scenarios including power batteries and energy storage, according to the minutes. Ganfeng's second-generation hybrid solid-state lithium battery uses lithium metal as the anode and can reach an energy density of 400 Wh/kg, the company said.

Who is ganfeng lithium battery?

Ganfeng Lithium Battery builds a high-end polymer lithium battery R&D and production base in Huizhou, Guangdong, and develops high-end polymer lithium battery R&D and production, in order to increase the company's high-end polymer lithium battery production scale and market share, and enhance its core competitiveness.

How much will China's ganfeng lithium invest in battery production?

Ganfeng Lithium, the world's biggest lithium company by market capitalisation, said on Thursday its subsidiary would invest a total 8.4 billion yuan ($1.3 billion) in two projects that will make 'new-type' lithium batteries.

How much does ganfeng lithium make a year?

Public data shows that from January to September 2020, Ganfeng's lithium battery operating income reached 875,989,200 yuan, and its net profit was 39,585,500 yuan. "Committed to creating the most creative lithium battery smart new energy, and becoming the first echelon of the global lithium battery industry" is the vision of Ganfeng Lithium.