On February 25, the relocation and commencement ceremony for the new plant of Ganfeng Lithium Industry's Dongguan Base was grandly held at the Machong base factory area.

The 320 Wh/kg high-specific-energy, high-power eVTOL battery, developed by Zhejiang Fengli under Ganfeng Lithium, has been officially installed on the AEROFUGIA AE200-100 model and successfully completed its first-phase manned test flight mission in December 2025. Ganfeng Lithium and AEROFUGIA will subsequently collaborate in the field of low-altitude aviation power batteries, jointly establishing a sustainable eVTOL battery cell supply system and cooperatively expanding full life cycle services such as battery cell inspection and recycling. Currently, Ganfeng Lithium is fully supporting AEROFUGIA in the next phase of test flights at the battery cell level.

[300,000 tons! 1 billion yuan! The state-owned enterprise plans to jointly build a battery recycling base with Ganfeng Lithium Industry] On the evening of July 5, Nanjing Public Utilities issued an announcement stating that the company plans to carry out comprehensive cooperation with Ganfeng Lithium Industry and the Environmental Group in areas such as waste battery recycling and lithium battery applications, and signed a "Strategic Cooperation Agreement" in recent days. According to the agreement, the three parties plan to establish a joint venture with a registered capital of 100 million yuan, of which Nanjing Public Utilities or its controlling entity holds 35% of the shares, Ganfeng Lithium Industry or its controlling entity holds 35% of the shares, and the Environmental Group or its controlling entity holds 30% of the shares. The joint venture plans to invest in the construction of a 300,000-ton waste battery recycling base in Jiangsu Province. The initial plan is for a first-phase project with a scale of 30,000 tons, a second-phase project with a scale of 70,000 tons, and a third-phase project with a scale of 200,000 tons. The production capacity planning can be adjusted according to market conditions. The total investment of the project is expected to be 1 billion yuan, with the first-phase investment of 100 million yuan, the second-phase investment of 250 million yuan, and the third-phase investment of 650 million yuan.

[Nanjing Public Utilities: Signing a Strategic Cooperation Agreement with Ganfeng Lithium Industry and Nanjing Environmental Group] Nanjing Public Utilities announced that the company has signed a Strategic Cooperation Agreement with Ganfeng Lithium Industry Group Co., Ltd. and Nanjing Environmental Group Co., Ltd. recently, aiming to carry out comprehensive cooperation in areas such as waste battery recycling and lithium battery applications based on the principles of "complementary advantages, mutual benefit, sharing of achievements, and seeking common development." The three parties intend to establish a joint venture with a registered capital of 100 million yuan, in which Party A or its controlling entity will hold 35% of the shares, Party B or its controlling entity will hold 35% of the shares, and Party C or its controlling entity will hold 30% of the shares. The joint venture plans to invest in the construction of a 300,000-ton waste battery recycling base in Jiangsu Province.

【Aneng Ganfeng Annual Output of 25,000 Tons of Lithium Carbonate Production Line Ignition】On June 18th, the Annual Output of 25,000 Tons of Lithium Carbonate Production Line of Hunan Aneng Ganfeng New Material Co., Ltd. was ignited. The Aneng Ganfeng lithium carbonate project is jointly developed by Shanghai Aneng and Jiangxi Ganfeng Lithium Industry. The project is located in the High-tech Industrial Development Zone of Linwu County, with a planned total investment of 7 billion yuan, and will be constructed in three phases to produce 150,000 tons of lithium carbonate per year.

On June 8, Ganfeng Lithium Industry Co., Ltd. announced that the 79th meeting of the fifth board of directors, held on June 7, 2024, had deliberated and passed the proposal on the capital increase of its wholly-owned subsidiary Ganfeng International. In order to obtain more high-quality overseas lithium resources and promote the development and construction of the company's overseas upstream resource projects, it was agreed to increase the capital of Ganfeng International Co., Ltd. with its own funds by US$600 million.

【AnDa Withdraws from the Lithium Iron Phosphate Project in Inner Mongolia】On the evening of May 9th, both Ganfeng Lithium Industry Co., Ltd. and AnDa Technology announced that they had signed an agreement recently, according to which AnDa Technology would transfer 60% of the equity in AnDa New Energy Technology Co., Ltd. (hereinafter referred to as Inner Mongolia AnDa) held by it to Ganfeng Lithium Industry Co., Ltd. for a transaction price of 1 yuan. AnDa Technology will no longer hold the equity of Inner Mongolia AnDa, and Ganfeng Lithium Industry Co., Ltd. will become the sole shareholder of the company.

The intensity of market discussions on when lithium prices will end is even more intense than last year's debate on when lithium salt prices would peak.

On February 27, Ganfeng Lithium Industry Co. stated that the company has a lithium salt production base in Yichun. But the raw material used is not lepidolite, mainly because the lithium content of lepidolite is relatively low, and it may have polluted the environment.