Ganfeng Lithium to Inject 500 Million Yuan for Lithium Battery Base via Industrial Fund

Published: Jan 15, 2025 17:15

Save

[Ganfeng Lithium Plans to Introduce 500 Million Yuan for Lithium Battery Base Construction] On January 14, Ganfeng Lithium released the "Announcement on the Progress of Guarantee Involved in the Capital Increase and Share Expansion of the Holding Subsidiary Nanchang Ganfeng LiEnergy." The announcement, which has been approved by the shareholders' meeting, states that its wholly-owned subsidiary, Nanchang Ganfeng LiEnergy Technology Co., Ltd., plans to introduce an industrial fund of 500 million yuan established by the platform company of Xinjian District, Nanchang City, to be used for the new energy project construction in Xinjian District, Nanchang Ganfeng LiEnergy.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

41 mins ago

Sebang Lithium Battery to Cooperate With LG Energy Solution on KRW 1.8 Trillion North American ESS Supply

According to industry sources on June 15, Sebang Lithium Battery will establish a local subsidiary in Ohio, the United States, and handle production of grid-scale ESS battery modules for LG Energy Solution. The order is valued at KRW 1.8 trillion, with revenue expected to begin from the fourth quarter of this year.

41 mins ago

42 mins ago

South Korea to Ban Large-Capacity Lithium Batteries on Trains

Korea Railroad Corporation, or KORAIL, announced on June 15 that it will restrict passengers from carrying items equipped with lithium batteries from July 1 to ensure passenger safety amid fire risks. Restricted items include all personal mobility devices powered by lithium batteries, such as electric scooters and electric bicycles, as well as portable large-capacity lithium batteries exceeding 160 Wh, including those used for broadcasting and camping.

42 mins ago

43 mins ago

GM Decides to Commercialize Sodium-Ion Batteries

U.S. automaker General Motors (GM) has decided to commercialize sodium-ion batteries. According to battery industry sources on June 16, GM held its “GM Empower” event on June 9 local time and announced an equity investment in U.S. sodium-ion battery startup Peak Energy, as well as plans for joint development.

43 mins ago