Do not know about working together?
But will be acquiring long term lithium supplies from Manono.
Nearly all the hard rock lithium mines in Australia supply has been forward sold.
When you take into consideration the expansion plans of VW and Huayou JV with LG CHEM and CATL expansion into off grid storage also Manono offers 1 billion tons of quality lithium supply that has not been forward sold.
Chairmen of CATL securing tailings speaks volume.
They China Inc are major players and Glencore is the dark horse .
A battery energy storage in Manono opens the prospect of a downstream processing plant and cutting transport costs further.
In June of this year, the energy storage project of the Ningde era CATL cooperated with Fujian Provincial Investment Group Co., Ltd. and Fujian Electric Power Survey and Design Institute.
The project is planned to be implemented in three phases. The first phase is to build a 100MWh lithium battery energy storage power station, the second phase will expand 500MWh lithium battery energy storage equipment, and the third phase will expand 1000MWh lithium battery energy storage equipment. Construction of mobile energy storage equipment, as well as mobile charging facilities.
In October of this year, the CATL bid of Ningde era won the Luneng Haixi 50MW/100MWh multi-energy complementary integration optimization demonstration project energy storage project.
Domestic energy storage is in the development stage, and technology and business models have to be broken through and innovated. In the Ningde era, CATL will deepen the energy storage market and continue to contribute to the construction of a green energy network.
all imo
AVZ Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held