Ganfeng Lithium Subsidiary Forms JV with YIGIT AKU to Invest $500M in 5GWh Lithium Battery Project in Turkey

Published: Aug 19, 2024 10:16

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Ganfeng Lithium: A Subsidiary Company Plans to Establish a Joint Venture in Turkey to Build a 5GWh Lithium Battery Project
Ganfeng Lithium has announced that its subsidiary Ganfeng Lithium Electricity has decided to establish a long-term strategic partnership with YIGIT AKU and signed a cooperation framework agreement. The two parties plan to establish a joint venture in Turkey, which will invest USD 500 million to build a lithium battery project with an annual production capacity of 5GWh in Turkey. The project includes the construction of a lithium battery production line and a battery pack production line with a designed capacity of 5GWh, and the actual production capacity will be determined according to market conditions.

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