The planned battery projects will lift Ganfeng’s total annual battery capacity to around 100GWh, according to Daiwa Capital Markets. Photo: Weixin
Ganfeng Lithium’s US$2.2 billion investment plan in two China battery projects boosts shares
- Ganfeng has signed a deal with Chongqing Three Gorges Water Conservancy and Oriental Metals to build a plant in Chongqing at a cost of 10 billion yuan
- The lithium miner also plans to build a plant in Dongguan, Guangdong province, at a cost of 5 billion yuan
The planned battery projects will lift Ganfeng’s total annual battery capacity to around 100GWh, according to Daiwa Capital Markets. Photo: Weixin