Ganfeng Lithium backs key subsidiaries with guarantees for battery projects

Jiangxi Ganfeng Lithium Group Co., Ltd. (Ganfeng Lithium) announced it has provided several guarantees for its controlling subsidiaries. The company extended a 200m yuan joint and several liability guarantee for Ganfeng Lithium Battery Technology Co., Ltd. (Ganfeng Lithium Battery) to China Development Bank Financial. This funding is specifically for Dongguan Ganfeng Lithium Battery’s 10GWh new lithium battery and energy storage projects.

Additionally, Ganfeng Lithium provided a 50m yuan joint and several liability guarantee for Tianjin Jianyuan Energy Technology Co., Ltd. to Bohai Bank Shenzhen Branch. The company further provided a 628m yuan joint and several liability guarantee for Qujing Guangchu Energy Technology Co., Ltd. to Bank of Communications Financial Leasing Co., Ltd.

As of June 30, 2025, Ganfeng Lithium Battery reported total assets of 1,782,521.17 yuan, liabilities of 1,212,418.11 yuan, and a net asset value of 570,103.06 yuan, with a debt-to-asset ratio of 68.02%. The total effective external guarantee amount approved by the company is up to 3.635bn yuan and $30m, representing 92.10% of the company's 2024 audited net assets. The total outstanding external guarantees by the company and its controlling subsidiaries amount to 20.427bn yuan.