China's Ganfeng Lithium has signed a five-year agreement with German automaker BMW to supply BMW with lithium chemical products. BMW is accelerating its transition to electric vehicles.
Gan Feng Li industry said, will be the market price for the BMW headquarters in Munich lithium supply material, the specific supply will be demand-driven BMW. Gan Feng Li industry also said that the supply agreement with BMW can be further extended for three years. This month, Gan Feng Li industry also said that Tesla has signed a supply agreement with。
BMW said, a few years procurement China Ningde era coming from the battery cells it needs, some of which will be manufactured in Germany new plant Ningde era.
These events show that the world's carmakers are racing to protect the related raw materials they need to make sure that accelerate electric car production in the next decade. Lithium and nickel, cobalt and manganese materials, is a key component of electric vehicle batteries.
Gan Feng Li industry will be held next week to determine its initial public offering in Hong Kong (IPO) issue price, and hopes to raise $ 676 million through the IPO funds.