# Who are Ganfeng Lithium's customers? Who does Ganfeng Lithium earn revenue from?
Canonical: https://valuechain.wiki/ganfeng · Facet: customers · Updated: 2026-07-12T06:19:04.157862+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Ganfeng Lithium's confirmed revenue counterparties include LG에너지솔루션, Tesla plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 4 revenue edges, backed by 7 dated sources, 2 of them primary filings (as of 2026-07-12).

### 글로벌 정극재·셀·완성차 고객 (다변화) (high)
- metric: Revenue ¥12.9B · 2025 · basic-chemical (lithium-compound) segment revenue CNY 12.876B (55.79% of total, +7.16%)
- note: The main buyers of its lithium compounds are global cathode makers, cell suppliers and automotive OEMs, sold across more than 10 countries in a diversified structure that avoids over-reliance on any single customer.
- [confirms] Soochow Securities (ZH, research, published 2026-04-02) https://pdf.dfcfw.com/pdf/H3_AP202604021820977716_1.pdf: "Soochow Securities: FY2025 turnaround reflecting a lithium-price rebound, upstream cost competitiveness and battery-segment growth; maintains 'Add/Overweight'."
- [confirms] SZSE (cninfo) (ZH, filing, published 2026-03-30) http://static.cninfo.com.cn/finalpage/2026-03-31/1225059953.PDF: "FY2025 annual report: revenue CNY 23.082B (+22.08%), net profit attributable CNY 1.613B (turnaround). Basic chemicals (lithium compounds) CNY 12.876B (55.79%), lithium battery CNY 8.234B (35.67%, +39.63%), other CNY 1.971B. Sold in 10+ countries, avoiding single-customer reliance."
- [confirms] SZSE disclosure (cninfo) (ZH, filing, published 2025-03-29) http://static.cninfo.com.cn/finalpage/2025-03-29/1222949720.PDF: "The report states that lithium-compound customers are mainly global cathode makers, cell suppliers and auto OEMs, with sales in over 10 countries and a stated aim to avoid dependence on single or few customers."

### LG에너지솔루션 (mid)  → /lg-energy-solution.md
- metric: Count 92,600 t · 2019~2025 · cumulative lithium hydroxide and carbonate supply contract
- note: A long-term supplier of lithium hydroxide and carbonate to LG Chem / LG Energy Solution, under a contract to deliver 92,600 tons in total via Ganfeng International from January 2019 through December 2025.
- [confirms] SZSE disclosure (cninfo) (ZH, filing, published 2025-03-29) http://static.cninfo.com.cn/finalpage/2025-03-29/1222949720.PDF: "The 2024 annual report notes the first post-IPO loss and mine-to-cell integration; 92,600 t long-term supply to LG Energy Solution."
- [confirms] CNPowder (ZH, news, published 2018-09-21) https://news.cnpowder.com.cn/47603.html: "Ganfeng and Ganfeng International agreed to supply LG Chem with 92,600 tons of lithium hydroxide and carbonate in total from January 2019 to December 2025."

### BMW (mid)
- note: Signed a long-term lithium supply agreement with BMW to provide lithium chemicals to BMW's designated battery and cathode suppliers over 2020-2024, extendable thereafter.
- [confirms] Ganfeng Lithium IR (EN, ir, published 2019-12-11) https://www.ganfenglithium.com/new_detail_en/id/15.html: "Ganfeng and Ganfeng International signed a long-term agreement to supply lithium chemicals to BMW's designated battery or cathode material suppliers over 2020-2024."

### Tesla (mid)  → /tesla.md
- note: A supplier of battery-grade lithium hydroxide to Tesla. After a first three-year deal (2018-2020), in November 2021 the two signed another three-year supply contract for 2022-2024, with volumes and prices set by Tesla's purchase orders.
- [confirms] EnergyTrend (ZH, news, published 2021-11-19) https://m.energytrend.com/news/20211119-24352.html: "Ganfeng signed a three-year contract to supply Tesla with lithium hydroxide over 2022-2024."
- [confirms] MINING.COM (EN, news, published 2021-11-01) https://www.mining.com/ganfeng-lithium-lands-fresh-three-year-supply-deal-with-tesla/: "Ganfeng signed a three-year deal to supply Tesla with battery-grade lithium hydroxide from 2022, renewing a 2018 agreement under which it allocated about 20% of capacity."

Reverse side: https://valuechain.wiki/ganfeng/suppliers.md · Ripple: https://valuechain.wiki/ganfeng/ripple.md

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