Volkswagen acquires 20% stake in Guoxuan Hi-Tech

Published: Jan 17, 2020 13:16

Save

SMM1, March 17: Volkswagen is reported to be buying a 20 per cent stake in Chinese battery maker Guoxuan Tech. A shares, Guoxuan high-tech afternoon straight-line seal, trading volume of more than 700 million.

It is reported that Volkswagen has been studying several possible acquisition targets, including battery maker Guoxuan Hi-Tech Co., Ltd., but has not made public the relevant information.

Volkswagen believes that if it can find the right battery suppliers in the Chinese market, ensuring the supply of batteries is crucial to Volkswagen's new energy vehicle market in China.

Guoxuan Hi-Tech disclosed in April that it was in talks with a well-known international carmaker, and that when and how to cooperate remains to be further communicated and observed.

In recent years, Guoxuan High Technology has been focusing on lithium iron phosphate battery in the battery field. Guoxuan High Technology has mass produced lithium iron phosphate battery with monomer energy density in 180Wh/kg in 2018, and its performance is close to that of ternary 523. Guoxuan Hi-Tech plans to mass-produce lithium iron phosphate batteries with an energy density of more than 400km in 190Wh/kg in 2019.

At the same time, the company also plans to increase the energy density of lithium iron phosphate monomer cell to near 200Wh/kg.

"Click to sign up:" 2020 (Fifth) China International Nickel Cobalt Lithium Summit Forum "

To sign up for the Nickel Cobalt Lithium Summit or apply for entry into the SMM New Energy vehicle / Cobalt Lithium Industry Exchange Group, please scan the QR code below:

Please note: sign up for the Nickel Cobalt Lithium Summit / apply for SMM New Energy vehicles / Cobalt Lithium Industry Exchange Group

Cars batteries cobalt lithium new energy

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 to learn 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

21 hours ago

Silicon Metal Market Review for January and Outlook for February

In January, the silicon metal market experienced a relatively loose supply-demand balance, with a theoretical inventory buildup of approximately 30,000 mt. In February, both supply and demand contracted simultaneously, and the market is expected to show a tight balance or minor destocking. The current high industry inventory still requires time to be digested, and the sustainability of destocking remains a key variable affecting price trends and market sentiment.

21 hours ago

Feb 6, 2026 15:36

A plant in northern China is calling for bids for indium ingots and bismuth ingots

SMM, February 6 - According to SMM’s investigation of market information, a large smelter in northern China began public bidding for a certain quantity of indium ingots and bismuth ingots starting yesterday. Market sources indicate that the starting price for these indium ingots exceeds 4,000 yuan per kilogram, while the starting price for bismuth ingots is above 150,000 yuan per ton. The bidding results are expected to be announced before the Spring Festival. Market participants note that, given the clear trend of sluggish trading activity ahead of the Spring Festival, the timing of this bidding is not ideal. However, the relatively favorable starting prices have generated considerable market anticipation for the outcome of the bidding.

Feb 6, 2026 15:36

Feb 5, 2026 19:18

[SMM Analysis] Futures Lack Momentum to Rise Further, Pre-Holiday Demand Stalls, and Stainless Steel Social Inventory Accumulation Intensifies

Feb 5, 2026 19:18