Shanghai (ZXZC)- Ouyang Ming, vice president and secretary to the president of Jiangxi Ganfeng Lithium Co., Ltd. (Ganfeng Lithium) exposed that the compay is tapping into the solid-state battery area and also plans to invest RMB 250 million to build a mid-scale pilot production line, which will have a scale of several hundred million Wh. A power battery production line with a capacity of 600 million Wh will focus on the manufacturing of solid-state batteries in the future.

Ouyang Ming also stated that Ganfeng's upstream resources mainly come from foreign countries. Currently, Ganfeng's most important mine is the Mt. Marion in Australia. It provides 400,000 tons of lithium ore concentrates, perfectly meeting the company's demand for resources. Additionally, Ganfeng also owns Mariana and Avalonia project as its reserving resources. In the future, Ganfeng is likely to manufacture products in foreign countries, but the most important thing is to resolve the issue of financing channel in foreign countries. 

According to Yao Yao, director of Ganfeng, due to the subsidy adjustment in 2018, battery companies started to destock on a large scale and also decrease the purchasing of upstream battery materials since the fourth quarter last year, resulting in large price reduction for lithium carbonate. But the recent investigation revealed that a variety of mainstream battery companies began to enlarge their rate of operation, which may raise the price of lithium carbonate to some extent. 

Ganfeng's materials cover minerals, brine and reclaimed materials. In 2017, Ganfeng achieved self-sufficiency for minerals. In 2018, a new production line will be finished construction. Ganfeng will not sell its materials, enabling it to realize self-sufficiency.