Ganfeng lithium energy storage valuation

How much will China's ganfeng lithium invest in battery production?

China's Ganfeng Lithium to invest $1.3 bln in battery production. 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.

What products does ganfeng manufacture?

Ganfeng's principal products include lithium chloride, lithium fluoride, lithium carbonate, lithium hydroxide, lithium magnesium alloy, butyl lithium, butyl chloride, catalyst metal lithium, battery metal lithium, and other products (including some lithium batteries).

How much will ganfeng lithium's net profit rise in 2021?

Net profit in 2021 at Ganfeng Lithium, a China-based lithium supplier to Tesla, is expected to soar by as much as 437% from a year earlier, the company said in a stock filing at the Shenzhen Stock Exchange on Monday.

Why did ganfeng invest in lithium salt?

Demand for lithium salt in connection with the rapid growth of the electric vehicle and energy storage industries helped Ganfeng’s business, along with a new battery project and gains in the value of financial assets held by Ganfeng, the company said. China has emerged as the world-leading market for EVs.

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, but also makes batteries and last week secured 973.1 million yuan of investment in battery unit Ganfeng LiEnergy, including from electronics giant Xiaomi.

Is ganfeng a good buy?

Ganfeng has interests in lithium mines and projects globally as well as significant lithium refining capacity in China. During the past 5 years Ganfeng has been the most aggressive buyer of global lithium assets and this should pay off handsomely this decade. Estimated 2020 lithium production market share by company Source: Courtesy RK Equity