Home News GACEA and Ganfeng Lithium cooperate to enter lithium mining industry

GACEA and Ganfeng Lithium cooperate to enter lithium mining industry

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On August 16, Guangzhou Automobile Eyan and Ganfeng lithium industry held a strategic cooperation agreement signing ceremony. The two sides started cooperation from the upstream material side of the new energy power battery, exploring cooperation in lithium resource development, midstream lithium salt deep processing and comprehensive battery recycling at all levels.

Guangzhou Automobile Group Chairman Zeng Qinghong said that the current new energy vehicle market is in a rapid growth phase, the main factors affecting sales growth is the cost, chip supply and infrastructure support, battery costs have accounted for more than 50% of the cost of the vehicle, limiting the further growth of sales.

According to the report, GACEA and Ganfeng Lithium can rely on their respective industrial base and industry resources in the field of new energy to explore cooperation in lithium resources, battery recycling, battery recycling and other aspects.

According to the data, GAC-EON sold 25,033 units in July, up 138% year-on-year; the cumulative sales from January to July were 12,5284 units, up 135% year-on-year.

GACEA said it is building a large-scale pilot production line for self-researched batteries, which is expected to be put into operation by the end of 2022 and will be used to independently produce self-researched advanced batteries, including sponge silicon negative cells. In addition, Eyen will soon set up a special battery company to comprehensively lay out the self-research and self-production of batteries.

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