Ganfeng lithium energy storage business
China's Ganfeng is best known as a supplier of battery-grade lithium to clients including electric vehicle (EV) maker Tesla (TSLA.O), but also makes batteries and last week secured 973.1 million yuan of investment in battery unit Ganfeng LiEnergy, including from electronics giant Xiaomi (1810.HK).
As the photovoltaic (PV) industry continues to evolve, advancements in Ganfeng lithium energy storage business have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
6 FAQs about [Ganfeng lithium energy storage business]
What is ganfeng lithium?
Ganfeng Lithium’s business include upstream resource extraction, midstream lithium salt processing and Lithium metal refining, downstream lithium battery production and battery waste management, etc. Our products have been applied to electric cars, energy storage, 3C products, chemical and pharmaceutical fields, etc.
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.
How much will ganfeng lithium invest in 'new-type' lithium batteries?
Aug 5 (Reuters) - 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.
What will gangfeng lithium do in the future?
As the carrier of Ganfeng Lithium’s lithium battery business, in the future, Ganfeng Lithium will continue to increase investment in technology, management, quality and other dimensions, taking "leading a new era of lithium battery technology innovation" as its corporate mission and contributing to the development of mankind.
Where are ganfeng's lithium resources located?
Ganfeng's lithium resources are located in several countries and regions worldwide, and we have advanced technologies for 'lithium extraction from brine', 'lithium extraction from ore', and 'lithium recycling'. Our production capacity of lithium compounds and lithium metals is among the highest in the world.
How will demand for lithium salt affect ganfeng's business?
The increase would range from a 368% to 437% rise from a year earlier, Ganfeng said. Demand for lithium salt in connection with the rapid growth of the electric vehicle and energy storage industries helped Ganfeng’s business, along with a new battery project and gains in the value of financial assets held by Ganfeng, the company said.