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Lithium Australia Advances DLG Battery Partnership

Metal News - Published on Tue, 16 Jul 2019

Image Source: Small Caps
Lithium Australia has continued advancing its efforts in creating a sustainable and vertically integrated battery mineral mining, processing, manufacturing and recycling business. In a company update, Lithium Australia revealed it had made “significant progress” in its partnership with major Chinese battery manufacturer DLG Battery.

Back in May, the duo announced a letter of intent had been signed to form a joint venture business to supply and sell lithium-ion batteries, packs and modules throughout Australia.

Part of the deal was commercialising Lithium Australia’s wholly-owned subsidiary’s VSPC’s cathode powder in China.

The duo has now formalised its business plans including objectives, goals and budgets, with representatives from both companies to meet this month and develop the corporate structure for implementing these plans.

DLG Battery has continued testing VSPC’s cathode powders along with customers in Japan and India.

Source :

Posted By : Ratan Singh on Tue, 16 Jul 2019
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