Lithium demand sees battery firms expand By CAO YINGYING | China Daily | Updated: 2021-06-07 09:57 Visitors check out BYD s blade-shaped battery at this year s Shanghai auto show, held from April 19-28. [Photo provided to China Daily]
Chinese corporations boosted as Europe and South America among largest areas of growth
Chinese lithium companies are accelerating their entry into overseas markets as demand in the renewable energy industry surges.
Ganfeng Lithium Company, based in Jiangxi province, signed a deal with Argentina to build a lithium-ion battery factory in Jujuy province last month.
The project, in which Ganfeng has a 51 percent stake, will produce 40,000 metric tons of lithium carbonate equivalents per year and is scheduled to begin production in the first half of next year.
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