On July 20, Ganfeng Lithium Industry announced that on that day, the board of directors of the company considered and approved the Bill on the Signing of Investment Agreement for Ganfeng Lithium Electricity, and agreed to sign an investment agreement between Ganfeng Lithium Electricity and the People's Government of Tumote Left Banner to invest in the construction of lithium battery production projects in Chilechuan Dairy Development Zone. The
announcement shows that the lithium battery project will be constructed in two phases, of which the first phase will build a lithium battery project with an annual output of 10 GWh, with a planned investment of no more than 6 billion yuan, and the second phase will start construction according to market demand. According to the
data, the first phase of the project will include the construction of production workshop, pack workshop, system integration workshop, lithium battery analysis and testing center, lithium battery module and safety testing center, lithium battery research and development center and other ancillary industrial facilities. The first phase of the project is expected to start construction in July 2023 and be completed and put into operation by the end of 2024.
As for the reasons for this investment, Ganfeng Lithium Industry said that the main purpose was to seize the historical opportunity of the rapid development of the new energy industry, meet the needs of the company's future business development and market expansion, and further improve the layout of the company's production base.
Ganfeng Lithium pointed out that this investment will help to enhance the production scale, market share and R & D capability of the company's lithium battery products, promote the optimization and upgrading of the company's lithium industry chain structure, enhance core competitiveness, and conform to the company's upstream and downstream integrated development strategy.
In addition, Ganfeng Lithium Industry also said that due to the large investment scale and long construction period of the project, there may be risks of change, delay, suspension or termination in the implementation of the project. In addition, in the operation of the project, there is a risk that the construction progress of the project will not be as expected due to the shortage of funds, policy changes or uncontrollable factors. According to
the data, Ganfeng Lithium Industry was established in March 2000, mainly engaged in the research and development, production and sales of lithium, rubidium, cesium and lithium new materials. With the first-mover advantage of "resources + smelting", Ganfeng Lithium Industry successfully introduced other links of the industrial chain and established Ganfeng Lithium Power in 2011.
Up to now, Ganfeng Lithium Industry is still the largest shareholder of Ganfeng Lithium Power, holding 65.48% of Ganfeng Lithium Power.
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