Anda Technology quits LFP project with Ganfeng Lithium
2024-05-11 14:18:46 [Print]
Guizhou Anda Energy Technology Co., Ltd. has reached an agreement to transfer 60% of stake it holds in Inner Mongolia Anda New Energy Technology Co., Ltd. to Ganfeng Lithium Co., Ltd. for one yuan.
In October 2023, Ganfeng Lithium and Anda Technology set up the joint venture for developing a LFP cathode material project with annual production capacity of 20,000 tonnes.
Upon completion of the transfer, Anda Technology will no longer hold any equity interest in the joint venture, which will become a 100%-owned subsidiary of Ganfeng Lithium and change name to Inner Mongolia Ganfeng New Materials Co., Ltd.
In October 2023, Ganfeng Lithium and Anda Technology set up the joint venture for developing a LFP cathode material project with annual production capacity of 20,000 tonnes.
Upon completion of the transfer, Anda Technology will no longer hold any equity interest in the joint venture, which will become a 100%-owned subsidiary of Ganfeng Lithium and change name to Inner Mongolia Ganfeng New Materials Co., Ltd.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' inventory to production ratio statistics by province by month
Unit: %
