Ganfeng Lithium Power 5.4 billion Lithium Battery Project settled in Chongqing Liangjiang New District annual capacity 10GWh

According to news from Liangjiang New area in Chongqing, on September 1, Chongqing Liangjiang New area officially signed a contract with Jiangxi Ganfeng Lithium Power Technology Co., Ltd. (hereinafter referred to as "Ganfeng Lithium Power"). The Ganfeng New Battery Science and Technology Industrial Park and Advanced Battery Research Institute project with an initial investment of 5.4 billion yuan officially settled in Liangjiang New area.

According to an announcement issued by Ganfeng Lithium Industry (002460) on Aug. 5, Ganfeng Lithium Power will invest 8.4 billion yuan to build a new lithium battery project with an annual production capacity of 15GWh. Among them, the Ganfeng New Lithium Battery Science and Technology Park and Advanced Battery Research Institute project "Ganfeng New Lithium Battery Science and Technology Park and Advanced Battery Research Institute" located in Liangjiang New District of Chongqing plan to build a 10GWh lithium battery manufacturing base and set up an advanced battery research institute to provide technical support for all kinds of solid-state battery technology update and product iteration, and jointly carry out applied technology research and development with downstream customers such as automobile and consumer electronics. The total investment of the project is 5.4 billion yuan, and it is planned to complete the completion record within 18 months from the date of commencement of construction, and put into production within 6 months after the completion record.

According to public data, Ganfeng Lithium Power is a holding subsidiary of Ganfeng Lithium Industry, covering consumer batteries, power batteries, energy storage batteries, solid-state batteries and other fields. Ganfeng Lithium Power first started in 2011. at present, Ganfeng Lithium Power has a number of production and R & D bases in Xinyu, Dongguan, Jiangsu, Zhejiang and other places.

From July to August this year, Ganfeng Lithium Power has successively reached strategic cooperation intentions with Dongfeng Automobile, Battery, Jingke Energy, etc. The scope of cooperation covers automotive power batteries, solid-state battery development, photovoltaic energy storage applications and comprehensive recycling of waste lithium batteries.

Among them, in the field of solid-state battery, the energy density of Ganfeng lithium solid-state lithium-ion battery reaches 240 Whhand kg, and the energy density of solid-state lithium metal battery exceeds 360 Whhand kg. All of them have passed the tests of acupuncture and extrusion, and have both safety and performance. At the application level, Ganfeng Lithium Power has launched a demonstration operation cooperation with Dongfeng solid-state battery.

It is worth noting that on the evening of July 30th, Ganfeng Lithium Industry issued a number of announcements that it planned to use its own funds to increase the capital of the holding subsidiary Ganfeng Lithium Power by 2 billion yuan, and to introduce the employee stock ownership platform (42.1 million yuan). As well as Xiaomi production Investment, Jimu Venture Capital and other investors as leading investors (the capital contribution amount is 971 million yuan) to increase capital, after the relevant capital increase is completed, Ganfeng Lithium will hold a 60.87% stake in Ganfeng Lithium Power. While expanding the capital strength of Ganfeng lithium power and ensuring the capital demand, we will introduce more investors to jointly promote the rapid development of the battery business.

In addition, in terms of performance, Ganfeng Lithium achieved operating income of about 4.064 billion yuan in the first half of the year, an increase of 70.27% over the same period last year; net profit of about 1.417 billion yuan, an increase of 805.29% over the same period last year; and net assets belonging to shareholders of listed companies were 18.196 billion yuan, an increase of 69.97% over the end of last year.