Automotive News   |   Automotive News Europe   |   Autoweek   |   Automobilwoche

Automotive News China Newsletter
Register our free newsletter, sent each Monday and Thursday

     Automakers   Suppliers   Auto Show   Comment   Car Cutaway   Newsletters   Press Releases   Register for Newsletter
  Contact Us:   Editorial   Advertising   Subscription Information   |   About Us   Media Kit
Home >> Suppliers Email this story   Print this story
 
Chinese lithium producer inks 5-year supply deal with BMW
Automotive News China | 2018/10/2

China's largest lithium producer, Ganfeng Lithium Co., agreed to ship lithium chemicals to BMW Groups battery suppliers over the next five years.

The agreement, signed with BMW last week, can be extended by three years, Ganfeng Lithium said. 

The deal is the second of its kind that Ganfeng Lithium has secured lately with foreign companies to produce batteries for electrified vehicles. 

The company reached a deal in September with Tesla Inc. to supply a fifth of its lithium hydroxide output to the U.S. EV maker from 2018-20. 

In August, Ganfeng Lithium agreed to supply lithium hydroxide and carbonate to Korean battery maker LG Chem starting next year.  

Ganfeng Lithium is based in Xinyu in east Chinas Jiangxi province and listed in Shanghai. It is preparing to launch an IPO in Hong Kong to raise capital to fund lithium mining activities in and outside China.

Related Stories
  • BMW sustains robust sales on strength of locally built X3 crossover
  •     --Published:2019/17/5
     
  • Volvo's Polestar brand intensifies Tesla challenge with 'powerful little beast'
  •     --Published:2019/17/5
     
  • BMW hikes X3 output in China, U.S., mitigating fallout from tariffs
  •     --Published:2019/10/5
     
  • U.S. rejects Tesla bid for tariff exemption for China-made Autopilot 'brain'
  •     --Published:2019/7/5
     
  • U.S. has battery problem in race for EV supremacy
  •     --Published:2019/3/5
     
  • German automakers' strategies differ on changing China JV stakes
  •     --Published:2019/3/5
     
  • Tesla China plant takes shape
  •     --Published:2019/30/4
     
  • Battery maker CATL's profit soars behind EV boom
  •     --Published:2019/30/4
     
  • Tesla: China output may hit 2,000 a week in 2019
  •     --Published:2019/26/4
     
  • Tesla Model S, parked, explodes in Shanghai, prompting probe
  •     --Published:2019/23/4
     
  • VW plans Tesla-fighting electric crossover
  •     --Published:2019/16/4
     
  • Automotive Energy Supply targets EV makers with first China battery plant
  •     --Published:2019/16/4
     
  • BYD, worried about nickel supplies, welcomes JV talks
  •     --Published:2019/12/4
     
  • VW signs up Chinese lithium supplier
  •     --Published:2019/9/4
     
     

    Our Newsletter Editions
    Automotive News China produces two email newsletters each week. You can sort your news by the articles highlighted in each of our newsletters here.

    Select your newsletter     

     
     

    Automotive News China
    Room 1303, Building 2, Lane 99, South Hongcao Road,
    Shanghai 200233
    Telephone: 86-139-1851-5816
    Fax: 86-21-6495-0895
     
    Home | Help Center | About Us | Privacy Policy | RSS
    Entire contents © Crain Communications, Inc.
    Use of editorial content without permission is strictly prohibited. All Rights Reserved.
    ICP06057291