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

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 business continue. The post GCL Technology moves to buy LFP cathode maker from founder’s group appeared first on pv magazine Global .

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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 business continue.

The post GCL Technology moves to buy LFP cathode maker from founder’s group appeared first on pv magazine Global.

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https://www.pv-magazine.com/2026/10/20/gcl-technology-moves-to-buy-lfp-cathode-maker-from-founders-group/

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