GanfengLithium

Ganfeng Lithium, founded in 2000 in Xinyu, China, is the largest Chinese and third-largest global lithium salt producer. It offers an integrated supply chain from resource extraction to battery recycling, serving clients like Tesla and BMW. The company develops advanced battery technologies, including solid-state and lithium iron phosphate batteries for electric vehicles and energy storage applications.

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Based on the provided information, here’s a concise company overview for Ganfeng Lithium:

Introduction

Ganfeng Lithium Co., Ltd. stands as China’s largest and the world’s third-largest lithium salt producer, established in 2000 in Xinyu, Jiangxi. The company has built an integrated supply chain covering lithium resource development, refining, battery manufacturing, and recycling operations. With a production capacity of 120,000 tons of lithium salt annually as of 2021, Ganfeng Lithium serves major global clients including Tesla, BMW, and LG Chem. The company maintains dual listings on the Shenzhen and Hong Kong Stock Exchanges, with a market value of approximately US$26 billion as of August 2022.

Battery Technology

Ganfeng Lithium’s battery division showcases advanced technological capabilities across multiple battery types. Their first-generation solid-state batteries achieve an energy density of 260 Wh/kg, while development continues on second-generation versions targeting over 400 Wh/kg for automotive applications. The company’s “Xinfeng” semi-solid-state battery line delivers enhanced safety and efficiency for electric vehicles.

The company produces lithium iron phosphate batteries suited for electric buses and industrial vehicles, emphasizing longevity and safety. Their Huizhou facility focuses on high-end polymer lithium battery development and production. These batteries serve various applications, from electric vehicles to large-scale energy storage systems supporting clean power generation. The consumer electronics division supplies batteries for mobile devices, notebooks, and drones, while marine and aviation applications are under development through international partnerships.

Recent Projects

In December 2024, Ganfeng Lithium launched phase one of the Goulamina Lithium Project in Mali, with an initial production capacity of 506,000 mt of spodumene annually. The project’s second phase aims to double capacity to 1 million mt/year. The mine contains estimated lithium oxide reserves of 211 million mt, equivalent to approximately 7.14 million mt of lithium carbonate. The company has also set an ambitious production target of 600,000 mt/year lithium carbonate equivalent by 2030.

Investors

Ganfeng Lithium’s investor base includes significant institutional and strategic partners. Notable cornerstone investors from their Hong Kong Stock Exchange listing include China Structural Reform Fund, LG, Samsung, Dongfeng Motor Corporation, FAW Group, and GoldenSand Capital. The company maintains strategic partnerships with Lithium Americas, where it held majority ownership in 2021, and Bacanora Lithium PLC, with a 22.5% stake in the Sonora Lithium project in Mexico.