Ganfeng Lithium has made a significant announcement, revealing that its subsidiary, Ganfeng Lithium Battery, intends to inject RMB 200 million into Luoteng (Hangzhou) Equity Investment Partnership. This strategic partnership will focus on equity investments in pioneering new energy asset projects, particularly in the realms of industrial and commercial distributed photovoltaic and wind power systems. The investment will be dispersed in four equal installments, with the initial tranche amounting to RMB 40 million.

Furthermore, Hangzhou Baobi New Energy Technology Co., Ltd. will collaborate with Ganfeng Lithium Battery to foster cooperation on energy storage projects in Saudi Arabia. This partnership will not only facilitate the establishment of overseas cooperation and communication channels but also enhance Ganfeng Lithium Battery's presence in the lithium battery energy storage sector and bolster its expansion into international new energy markets.