China's battery material producer Zhejiang Huayou Cobalt Co Ltd said on Wednesday it will acquire a lithium mining company in Zimbabwe for $422 million, marking another foray into overseas battery mineral resources by Chinese companies that are shoring up supplies to meet surging demand from the new energy vehicle market.
China's battery material producer Zhejiang Huayou Cobalt Co Ltd said on Wednesday it will acquire a lithium mining company in Zimbabwe for $422 million, marking another foray into overseas battery mineral resources by Chinese companies that are shoring up supplies to meet surging demand from the new energy vehicle market.
Chinese lithium companies are investing big to expand their global footprint in a race to secure material supplies for the production of new energy vehicle batteries.
Chinese lithium companies are investing big to expand their global footprint in a race to secure material supplies for the production of new energy vehicle batteries.
Chinese lithium companies are investing big to expand their global footprint in a race to secure material supplies for the production of new energy vehicle batteries.