Farasis Energy

Do-Fluoride New Energy Technology Co., Ltd. announced three sales contracts: with BYD for at least 6,460 tonnes, with Farasis Energy for at least 1,700 tonnes, and its subsidiary Henan Nonferrous Metals Industry Co., Ltd. with Enchem Co., Ltd. for 1,800 tonnes of lithium hexafluorophosphate.

Farasis Energy and Geely Technology signed an agreement on 17 May 2021 to establish a joint venture with registered capital of 1 billion yuan ($155.6 million) for R&D, production and sale of lithium-ion batteries. Geely Technology will hold 65% of the JV. The JV targets 120 GWh annual capacity, with first phase of 20 GWh starting construction in 2021.

Farasis Energy (孚能科技) received a project nomination from GAC Mitsubishi to develop and supply power batteries for the LE model, with a supply cycle of 5 years. Mass production is expected to start by the end of 2021.

Mercedes-Benz acquired a stake in Chinese battery cell manufacturer Farasis Energy to secure battery supply for its electric vehicle plans. Farasis is building a plant in Bitterfeld-Wolfen, Germany, creating up to 2,000 jobs.

Selen Science & Technology signed a CNY220 million contract to supply 8 million square meters of aluminum plastic film to Farasis Energy's Jiangxi subsidiary for new energy vehicle battery packaging in 2019.