How much will ganfeng lithium invest in 'new-type' lithium batteries?

Aug 5 (Reuters) - Ganfeng Lithium, the world's biggest lithium company by market capitalisation, said on Thursday its subsidiary would invest a total 8.4 billion yuan ($1.3 billion) in two projects that will make "new-type" lithium batteries.

How much will ganfeng lienergy spend on a battery plant?

Ganfeng LiEnergy will spend 5.4 billion yuan to set up an industrial park in Chongqing, southwest China, with annual battery production capacity of 10 gigawatt hours (GWh) and an advanced battery research institute, Ganfeng said in a filing.

How much does ganfeng invest in core?

In addition, Ganfeng has agreed to aA$34 million equity investment into Core at a 10% premium to the 10-day VWAP, equating to an issue price of 33.8 cents per share (Equity Investment). Offtake of 75ktpa of spodumene concentrate from Finniss Lithium Project over 4 years.

Who makes gangfeng lithium?

China's Ganfeng is best known as a supplier of battery-grade lithium to clients including electric vehicle (EV) maker Tesla (TSLA.O), but also makes batteries and last week secured 973.1 million yuan of investment in battery unit Ganfeng LiEnergy, including from electronics giant Xiaomi (1810.HK).

What is ganfeng's new industrial park?

On July 30, Ganfeng initiated construction on a new industrial park that is designated for the development of new and advanced lithium battery technologies. The industrial park is located in Liangjiang New Area of Chongqing, a direct-administered municipality in China’s Sichuan Province.