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Ganfeng Lithium's plant
VW signs up Chinese lithium supplier
Automotive News China | 2019/4/9

Volkswagen Group has signed a memorandum of understanding with Chinese lithium producer Ganfeng Lithium Co. 

The move is intended to secure long-term lithium supplies for the battery-electric vehicles VW will roll out in China, the German auto giant said. 

The two sides have also agreed to cooperate in battery recycling and solid-state battery development, VW added.

VW plans to expand its lineup of locally produced electric vehicles in China over the next few years. 

VW brand alone will begin selling battery versions of the Golf, Bora and Lavida compact sedans in China in the middle of this year. The brand also plans to launch sales of vehicles based on its MEB electric vehicle platform in China in 2020.

VW is the largest carmaker in China. In 2018, the German group delivered 4.21 million new vehicles under its various brands in the market, edging up 0.5 percent year on year.

Ganfeng Lithium, headquartered in Xinyu of east China¡¯s Jiangxi province and listed in Hong Kong, is China¡¯s largest lithium material supplier. It can produce 40,500 tons of lithium carbonate, 31,000 tons of lithium hydroxide and 1,600 tons of lithium metals a year, according to its website.

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