GCL Technology moves to buy LFP cathode maker from founder’s group

T2Covered by 1 source · first reported by Utility Dive / pv magazine / Energy-Storage.news at 20 Oct, 12:30 UTC

Chinese polysilicon producer GCL Technology has signed a non-binding memorandum of understanding to buy a controlling stake in an lithium iron phosphate (LFP) cathode manufacturer owned by its chairman’s family group for about CNY 2.5 billion ($374.3 million), as losses in its core polysilicon…