Hyperdrive
The Battery Boom Has Created a New Lithium Superpower in China
- China’s Ganfeng Lithium has added projects ahead of share sale
- Tesla, BMW supplier cautious on over-expansion: vice chairman
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With a ruined 13th Century castle, the Irish town of Carlow is an unlikely staging post in the super-charged rise of a key player in China’s push to dominate the global electric-vehicle revolution.
Ganfeng Lithium Co. sent a team to the town -- a 90-minute drive southwest of Dublin -- in 2013, shuttling between prospective lithium deposits dotted through the verdant countryside. It was part of their company’s first foray outside China amid a drive to boost production of key materials needed to make rechargeable batteries.