China 's subsidiary Lithium has raised $ 421 m from its recent lit Kong share listing . Ganfeng , which has supply agreements with automakers Tesla and BMW , capped its price at HKD16.50 ( $ 2.11 ) per share , which was at the lower end of its range , which depressed lithium prices . However , Ganfeng could eventually raise up to $ 448 m if a preferred option is exercised after the shares begin trading on 31 October .
China's Ganfeng Lithium has raised $421m from its recent Hong Kong share listing. Ganfeng, which has supply agreements with automakers Tesla and BMW, priced its offer at HKD16.50 ($2.11) per share, which was at the lower end of its range, reflecting depressed lithium prices. However, Ganfeng could eventually raise up to $448m if a greenshoe option is exercised after the shares begin trading on 11 October.