Ganfeng Lithium and others have established a technology company in Zhejiang, China, which includes the production of magnetic materials.

According to the Qi Cha Cha app, Zhejiang Fengli Technology Co., Ltd. was recently established, with Lin Jiu as the legal representative. The registered capital is 15 million yuan, and the business scope includes battery manufacturing, production of battery accessories, research and development of electronic special materials, manufacturing of mechanical and electrical equipment, battery sales, and production of magnetic materials. Through equity penetration displayed on Qi Cha Cha, the company is jointly held by Zhejiang Fengli New Energy Technology Co., Ltd. and other subsidiaries under Ganfeng Lithium.