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Home / Metal News / Great Wall Motor to Buy Australian Lithium Resources for Electric Vehicle Production

Great Wall Motor to Buy Australian Lithium Resources for Electric Vehicle Production

Oct 9, 2017 13:39

Source:SMM

China’s Great Wall Motor will buy a stake in Australia-based Pilbara Minerals so as to gain lithium resources from the company.

SHANGHAI, Oct. 9 (SMM) – China’s Great Wall Motor will buy a stake in Australia-based Pilbara Minerals so as to gain lithium resources from the company.

Tesla is the Biggest Winner from Fossil Fuel Vehicle Ban, to Build Plant in China

It will purchase a 3.5% stake in the latter in order to secure lithium supplies for its electric vehicle production.

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Great Wall Motor to Buy Australian Lithium Resources for Electric Vehicle Production

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