ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Great Wall buys into lithium miner, eyes China's green target

Automaker to secure stable supply from Australia for electric car batteries

Great Wall's Wey concept car is unveiled at the Auto Guangzhou 2016 exhibition.

BEIJING -- Chinese automaker Great Wall Motor will acquire a stake in an Australian lithium miner, in an effort to swiftly comply with new rules for so-called new-energy vehicles, or NEVs, imposed by the Chinese government.

Great Wall will take a 3.5% stake in Pilbara Minerals through a third-party allocation of new shares for an estimated 28 million Australian dollars ($21.5 million).

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more