Early Life
Li Liangbin's origins trace back to Xinyu City, Jiangxi, where he founded Ganfeng Lithium in 2000 alongside Li Huabiao. His early career began in the chemical processing sector. Both Li and his Vice Chairman Wang Xiaoshen, share modest rural beginnings, which influenced their focused approach to business.
Rise to Success
Ganfeng Lithium, under Li's leadership, quickly established itself as a major player in the lithium market. In 2003, the company established a lithium production base. His strategic vision led to the company's expansion through international investments and acquisitions, including projects in Argentina and Australia. Ganfeng Lithium went public in 2015 on the Shenzhen Stock Exchange, marking a significant milestone. The company's commitment to innovation is evident in its production of various lithium products, including lithium salts and batteries, for clients like Tesla and BMW.
Key Business Strategies
Li's business strategy has centered on vertical integration and securing long-term resources. He established a vertically integrated business model which includes lithium mining, extraction, and the production of lithium carbonate and lithium hydroxide. Investments in overseas lithium projects have been pivotal, ensuring a steady supply chain. Ganfeng's partnership with Tesla in 2021, to supply lithium hydroxide, highlights Li’s ability to capitalize on the growing demand for electric vehicle batteries. Ganfeng's revenue in 2024 was $2.62 billion USD.
Philanthropy
While specific figures on Li Liangbin's philanthropic activities are not readily available, Ganfeng Lithium has been described as committed to ESG (Environmental, Social, and Governance) practices, which suggest a broader approach to corporate responsibility, including resource exploitation, production and recycling.