Volkswagen signs 10 year lithium supply deal with Ganfeng! Volkswagen has lived up to its EV promised and signed a memorandum of understanding for 10 year lithium supply. Great for LAC as Ganfeng is our partner!
“Over the next ten years the Volkswagen Group will be launching 70-plus new pure electric vehicles. That means approximately a quarter of the vehicles we deliver in 2025 will be powered by electricity. Consequently, there will be a rapid increase in our raw material demand for cell production in the coming years. We must make sure we cover this demand at an early stage. Long-term agreements like the one for lithium, a key raw material, that we have just concluded with Ganfeng are therefore of crucial strategic significance for implementing our electric offensive.”
https://www.volkswagen-newsroom.com/en/press-releases/volkswagen-group-secures-lithium-supplies-4804