Ganfeng Lithium Industry announced in the evening that its subsidiary Ganfeng Lithium Electric intends to invest and construct a lithium battery production base in the New Development Zone of Nanchang City. The project is divided into three phases, of which the first phase is to build a 5GWh energy storage PACK battery production base with an investment amount not exceeding 2 billion yuan. The second and third phases of the project will start according to the market situation to invest and construct the power battery and energy storage battery production bases.

Ganfeng Lithium Industry stated that this investment will help to improve the production scale, market share and R&D capability of the company's lithium battery products, promote the optimization and upgrading of the company's lithium industry chain, enhance the company's core competitiveness, and conform to the company's integrated development strategy of upstream and downstream.