Shanghai (ZXZC)- Jiangxi Ganfeng Lithium Co., Ltd. ("Ganfeng Lithium"), one of the world's top producers of battery-grade lithium, announced on August 19 that it had signed an agreement with GAC AION to form a long-term strategic partnership on the development of battery raw materials and recycling of decommissioned new electric vehicle ("NEV") batteries.                                          

Under the agreement, Ganfeng Lithium will provide reliable and cost-effective battery raw materials for GAC AION and the EV maker's potential suppliers, so as to help the partner build NEV projects and enhance AION brand's additional technology value and competitiveness.

Photo credit: GAC AION

Besides, GAC AION will support Ganfeng Lithium in developing new types of batteries, like solid-state battery. On the premise of competitive technologies, quality, and costs, GAC AION should introduce Ganfeng Lithium's new-type battery solutions in priority.

Meanwhile, Ganfeng Lithium also announced the decision to take part in GAC AION's project of strategic investor introduction through capital increase.

Ganfeng Lithium said signing the new agreement would help both parties further leverage their respective advantages and resources, setting a good example of the cooperation between upstream and downstream companies along the NEV industrial chain. It will also contribute to Ganfeng Lithium's improvement of industrial chain layouts, core competitiveness, and profitability.