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On December 19, Ganfeng Lithium Battery Technology Co., Ltd. increased its registered capital by RMB 667 million, raising it from RMB 2.509 billion to approximately RMB 3.176 billion, a 27% increase. Ganfeng Lithium Battery, established in 2011 and jointly held by Ganfeng Lithium Co., Ltd., Hubei Xiaomi Yangtze Industrial Fund Partnership, and Beijing Jimu Venture Capital, serves as the core battery business platform for Ganfeng Lithium.

The company has recently won several bids for energy storage projects, including a procurement project for a 400MW/800MWh energy storage power station in Yunnan Province and a 300MW/600MWh project in Baise, Guangxi, valued at over RMB 260 million. Additionally, Ganfeng Lithium Battery signed a project with the Fenyi County Government on December 11 to establish a 10GWh PV-ESS Direct & Flexible Zero-carbon Industrial Base, which will include pouch lithium battery production and supporting energy storage facilities.