Market Chatter: Tianqi Lithium Mulls Construction of Battery Factory in Europe

MT Newswires Live07-15

Tianqi Lithium (HKG:9696, SHE:002466) is negotiating with potential partners for a possible investment in battery materials and factories in Europe to respond to sustainability needs in the continent, the South China Morning Post reported Friday, citing Chief Executive Officer Frank Ha Chun-shing.

The chief executive did not disclose the countries where they plan to forge partnerships but the company is looking at a European Union member country vital to the electric vehicle supply chain, the report said.

Contemporary Amperex Technology (SHE:300750) already has a factory in Germany while BYD (HKG:1211, SHE:002594) is constructing a plant in Hungary, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $21.60, Change: $-0.45, Percent Change: -2.04%

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