AsianFin -- Ganfeng Lithium Group said it will introduce potential investors committing a total of 2.5 billion yuan (USD350 million)to its loss-making lithium battery subsidiary, Ganfeng LiEnergy Technology.

The unnamed investors will inject 2.5 billion yuan into Ganfeng LiEnergy, acquiring 1 yuan of registered capital for every 3 yuan invested, the company announced yesterday. Ganfeng added that it will waive its preemptive rights for this transaction as well as for future ones.

The move is intended to lower Ganfeng LiEnergy’s debt ratio and reinforce Ganfeng Lithium’s integrated strategic presence across the lithium resources value chain, the parent company noted.

Ganfeng currently owns nearly 82 percent of Ganfeng LiEnergy. While the firm did not specify the size of its stake after the capital injection, it emphasized that it will remain the controlling shareholder.

Falling prices of lithium salts and lithium battery materials have weighed on both Ganfeng and its subsidiary. Ganfeng LiEnergy reported net losses of 128 million yuan (USD17.9 million) in 2024 and 62.7 million yuan (USD8.8 million) in the first half of 2025. As of June 30, the unit had a debt-to-asset ratio of 68 percent, with shareholders’ equity valued at an estimated 7.5 billion yuan.