Ganfeng Lithium Joins Hands with Hangzhou State-owned Assets to Plan Investment and Construction of High Specific Energy Solid-state Battery Project

Published: Apr 28, 2025 08:33

On the evening of April 25, Ganfeng Lithium (002460) announced that it had signed a Framework Cooperation Agreement and a Strategic Cooperation Agreement with the People's Government of Gongshu District, Hangzhou, Zhejiang Province (hereinafter referred to as the "Gongshu District Government") and Hangzhou Energy Group Co., Ltd. (hereinafter referred to as "Hangzhou Energy") respectively. The three parties will comprehensively carry out cooperation in industrial cultivation and long-term development, establishing a win-win long-term strategic cooperative development relationship. It was agreed that the company intends to invest in and construct a high specific energy solid-state battery R&D and industrialisation base in Gongshu District, Hangzhou, and carry out cooperation in areas such as electrification in the transportation sector, expansion of the new energy industry, broadening of the energy supply chain, and comprehensive recycling of power batteries.

According to information, Hangzhou Energy is a state-owned holding enterprise in Hangzhou, with its main businesses covering solid waste management, energy storage technology services, energy conservation management services, operation of electric vehicle charging infrastructure, and solar power generation technology services.

Ganfeng Lithium stated that all parties will closely focus on areas such as electrification in the transportation sector, expansion of the new energy industry, broadening of the energy supply chain, and comprehensive recycling of power batteries to build a green energy system. This is conducive to improving the company's industry chain layout, enhancing its core competitiveness and profitability, and aligning with the company's development strategy of upstream-downstream integration.

Battery.com.cn noted that recently, Ganfeng Lithium issued an announcement regarding the R&D progress of the company's solid-state battery project. The company has formed a full-chain layout for solid-state batteries, possessing R&D and production capabilities in key links of solid-state batteries such as sulphide electrolytes and raw materials, oxide electrolytes, lithium metal anodes, battery cells, and battery systems, and is accelerating the commercial application of solid-state batteries.

Technological Breakthroughs and Product Matrix: A Two-Way Push

Ganfeng Lithium is simultaneously advancing breakthroughs in the industrialisation thresholds of both silicon-based and lithium metal anode routes, with lithium metal anode technology as the core, to drive the mass production process of high specific energy batteries. The cycle life of 400Wh/kg battery cells has exceeded 800 cycles and completed engineering verification, demonstrating potential for large-scale application; the world's first 10Ah product at the 500Wh/kg level has achieved small-batch mass production, setting a benchmark for the industrialisation of lithium metal batteries. Meanwhile, the silicon-based anode is also advancing in parallel. The company's silicon-based system has achieved a product gradient layout of 320-450Wh/kg, with the cycle life of 320Wh/kg battery cells exceeding 1000 cycles and the 450Wh/kg technical reserves reaching the industry's top level, meeting the differentiated needs for energy density and cycle performance in different scenarios.

For low-altitude economy and high-end equipment fields such as drones and robots, Ganfeng Lithium has innovatively integrated cylindrical packaging and high specific energy battery technology, developing 21700 cylindrical battery cells with energy densities covering 330-400Wh/kg, combining high specific energy with structural stability to provide efficient power support for lightweight equipment.

Multi-Scenario Applications Accelerate Commercialisation Process

Ganfeng Lithium is gradually improving its integrated layout for solid-state batteries and actively promoting the commercialisation process of solid-state batteries. In the field of NEVs, the company has signed a joint development agreement with a leading international automaker, with the development and on-vehicle verification of high specific energy lithium anode batteries currently underway; in the low-altitude economy field, the company has launched solid-state battery solutions tailored for low-altitude flight scenarios, reaching cooperation with well-known drone and eVTOL enterprises, with samples entering the airworthiness certification process, laying the foundation for the commercial operation of the low-altitude economy; in the field of consumer electronics, the company has achieved new breakthroughs in the development of highly safe and low-temperature-resistant solid-state lithium batteries, and has already sent samples in bulk to internationally renowned mobile phone enterprises for verification.

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
In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.
Feb 6, 2026 19:40
In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.
Read More
In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.
In January, national passenger car producers' new energy wholesale estimates reached 900,000 units, up 1% YoY.
According to the latest data from the Passenger Car Association, in December 2025, producers with new energy wholesale sales exceeding 10,000 units accounted for 93% of the total wholesale sales of passenger NEVs that month. Based on preliminary January data, these producers achieved sales of 830,000 units in January. As most producers have already locked in their major sales figures, by applying the structural proportion from the previous month to the current month's data, the estimated wholesale sales of passenger NEVs nationwide in January were 900,000 units. According to comprehensive preliminary monthly association data: the estimated wholesale sales of NEVs by national passenger car producers in January 2026 were 900,000 units, up 1% YoY.
Feb 6, 2026 19:40
CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.
Feb 6, 2026 19:39
CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.
Read More
CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.
CAAM: In 2025, 476,000 complete vehicles were imported, down 32.4% YoY.
据中国汽车工业协会整理的海关总署数据显示,2025年12月,汽车整车进口3.0万辆,环比下降30.4%,同比下降56.1%;进口金额14.7亿美元,环比下降23.6%,同比下降52.5%。2025年,汽车整车进口47.6万辆,同比下降32.4%;进口金额236.4亿美元,同比下降39.7%。
Feb 6, 2026 19:39
Canada Announces New EV Strategy, to Collaborate with China
Feb 6, 2026 19:38
Canada Announces New EV Strategy, to Collaborate with China
Read More
Canada Announces New EV Strategy, to Collaborate with China
Canada Announces New EV Strategy, to Collaborate with China
According to CCTV News, on February 5, Canadian Prime Minister Mark Carney announced a new electric vehicle strategy, including the reinstatement of car purchase subsidies, and stated that Canada will cooperate with China to promote the local production and export of EVs in Canada. According to a statement released by the Prime Minister's Office of Canada, the country will make full use of existing and newly established trade agreements, including a recently reached EV cooperation agreement with China, to facilitate large-scale investment in this sector, diversify Canada’s automotive export markets, and position Canada as one of the global leaders in the electric vehicle industry.
Feb 6, 2026 19:38