Ganfeng Lithium takes a share in Jiangsu Fengchuen New Energy

August 19, 2022

In December 2021, after friendly negotiation, in line with the principle of equality, mutual benefit and common development, Jiangsu Fengchuen  New Energy Technology Co., Ltd. (referred to as "Jiangsu Fengchuen") and Jiangxi Ganfeng Lithium Technology Co., Ltd. (hereinafter referred to as "Ganfeng"). Lithium Battery" signed the "Strategic Cooperation Agreement" to reach a long-term strategic partnership. As an important part of the strategic cooperation, in May 2022, Ganfeng Lithium Battery completed its strategic investment in Jiangsu Fengchuen, and Jiangsu Fengchuen  has also undergone industrial and commercial changes, adding a new shareholder, Ganfeng Lithium Battery.Both parties will make full use of their respective resource advantages and go hand in hand to expand the global green commercial vehicle market. With the ultimate goal of creating a green, clean and healthy life, we will make a modest contribution to the global environmental protection cause.

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Jiangsu Fengchuen was established in January 2019. It is a foreign-invested company with a Korean background. It is mainly engaged in the research and development, production and sales of new energy commercial vehicles, power lithium battery systems, smart battery swapping station and other products. Currently, it focuses on Europe, North America and other overseas markets such as South Korea, it is committed to becoming the world's leading comprehensive solution provider in the field of new energy commercial vehicles and energy storage.

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01 ENPLUS

ENPLUS, founded in 1966, is a Korean KOSPI listed company (Korean mainboard, stock code 074610). ENPLUS mainly produces and sells logistics vehicles, special vehicles, epidemic prevention vehicles and etc. In the field of fire trucks, ENPLUS takes up more than 30% of the South Korea market share. ENPLUS has the qualification for importing and selling vans, cargo freight vehicles and special vehicles (small, light, medium, large sized) as well as manufacturing and assembling vehicles in Korea.


Since its establishment, Jiangsu Fengchuen has made great strides in the field of new energy. In European market, the company launched the first new energy logistics vehicle with a load of 0.8t, the FC25, which has been shipped to 16 overseas countries in the second half of 2021. In the Canadian market, the company launched a new energy commercial vehicle with a load of 1.5t- DV40 is the first new energy logistics vehicle in the Canadian market.Since the development of Jiangsu Fengchuen, strategic cooperation is the need to expand the global market, and it is also the need to continuously consolidate its own strength in R&D, production, and manufacturing.Ganfeng Lithium's shareholding  is an important milestone in the development of Jiangsu Fengchuen's financing history, and it will also play a positive role in promoting Jiangsu Fengchuen's consolidation and development of the global commercial vehicle market.

02 Ganfeng Lithium

Ganfeng Lithium is a holding subsidiary of Ganfeng Lithium (stock code "002460"). Its products include more than 20 types of solid-state batteries, consumer batteries, small polymer batteries, power batteries, and energy storage systems. Ganfeng Lithium is the world's largest producer of lithium metal, the second largest supplier of lithium compounds in the world and the largest supplier of lithium compounds in China. It has a complete lithium ecological industry chain, and its business covers lithium resource development and lithium salt deep processing. The company is currently listed on China A shares and Hong Kong H shares at the same time, and its market value ranks first in the industry.

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