Top 10 anode material manufacturers in China in 2021

According to the data, the total sales volume of lithium anode materials in China reached 320,000 tons in the first half of 2021, up 135% year-on-year. It is forecasts that the annual sales volume of lithium battery anode materials in China is expected to reach 738,000 tons in 2021, and the market size will reach 3.468 million tons in 2025.

The main driving logic for anode material industry

The main driving logic for industry growth :

1) The growth rate of the industry exceeds market expectations, mainly driven by the increase in sales of new energy vehicles around the world, and the rapid growth of the demand for power battery anode materials.

2) With the normalization of measures against the epidemic, the export market gradually recovered and the export volume increased.

3) The concentration of the anode material market is gradually increasing in China, and the scale effect has a positive feedback effect on the leading companies. The costs of the leading companies are gradually decreasing, their shipments are growing rapidly, and the enterprises in the middle of the cathode materials are rising rapidly and their capacity is released.

4) New technology (commercialization of silicon carbon anode), new production capacity put into operation.

Top 10 anode material manufacturers in China

In the first half of 2021, the Top 10 anode material manufacturers in China are:BTR, Zichen, Shanshan, Kaijin, Shangta, Shinzoom , XFH, Zhengtuo, Xinmao , Nations Technologies and the combined market share of the above enterprises reaches 83%.

BTR

Founded in August 2000, BTR is affiliated to China Baoan Group Co.,Ltd. (000009). BTR is a professional manufacturer of anode and cathode materials for lithium ion secondary battery. It is a national high-tech enterprise integrating basic research, product development, production and sales.

Its main products include natural graphite anode materials, artificial graphite anode materials, silicon-based new cathode materials, lithium iron phosphate cathode materials and high nickel ternary cathode materials (NCA, NCM811, etc.) and other lithium ion battery anode materials. Since 2013, Beitree has ranked first in the world in terms of shipments of anode materials for seven consecutive years. Their main customers include Panasonic, LG New Energy, Samsung SDI, SKI, CATL, BYD, Lishen, GOTION, Eva, etc.

Performance: The operating revenue reached 4.451 billion RMB in 2020, up 1.41% year on year. Among them, the sales volume of anode materials was 75,280 tons, achieving operating revenue of 3.151 billion RMB, with sales volume and revenue increasing by 27.61% and 7.57% year-on-year respectively. The sales volume of positive material was 21,400 tons, and the operating income was 1.042 billion RMB. The sales volume and income increased 58.04% and 29.26% year-on-year respectively. The total profit and net profit of the company were 564 million RMB and 498 million RMB respectively, down 30.13% and 27.33% year-on-year respectively, and the net profit of the company was 495 million RMB, down 25.79% year-on-year.

In the first half of 2021, the operating revenue reached 4.207 billion RMB, up 168.83% year on year. Among them, the sales volume of anode materials was 61,856 tons, realizing the operating income of 2.393 billion RMB, with the sales volume and revenue increasing by 131.46% and 98.54% year-on-year respectively. The sales volume of cathode material was 20,000 tons, and the actual operating income was 1.587 billion RMB, with a year-on-year growth of 327.35% and 565.78% respectively. The total profit and net profit of the company were 941 million RMB and 754 million RMB, up 244.84% and 237.77% year-on-year respectively, and the net profit of the company was 730 million RMB, up 232.45% year-on-year.

Capacity: With the gradual easing of the epidemic and the rapid growth of market demand in the downstream new energy vehicle industry, Since the fourth quarter of 2020, The capacity utilization rate of BTR has gradually increased. By the end of 2020, the production capacity of negative materials was 103,800 tons. Last year, the output of negative materials was 79,950 tons, the sales volume was 75,300 tons, and the negative capacity utilization rate was 77%.
Aggregate market value: 76.4 billion
Company website: https://www.btrchina.com/

Zichen

Zichen Technology, founded in December 2012, is affiliated to Putai Lai, located in Fengxin Industrial Park, Yichun City, Jiangxi Province. Zichen Technology is a professional manufacturer of anode materials for lithium ion batteries. G series products were launched in 2013, featuring high G capacity, minimal expansion, long cycle and high efficiency for the first time. These products quickly entered high-end customers such as ATL and subsequently entered LG industry chain, breaking the monopoly of Japanese and Korean enterprises. Other customers include CATL, BYD, AVIC Lithium, Zhuhai Guanyu, etc.

Performance: In 2020, the production and sales volume of Ptalai (Zicen Technology) anode materials were about 69,000 tons and 63,000 tons respectively, increasing by 47.8% and 37.6% year on year. The revenue of anode materials was 3.628 billion RMB, accounting for 69%, and the gross margin was 31.09%, increasing by 4.23 percentage points year on year. In the first half of 2021, Pitailai (ZICen Technology) anode material business achieved shipments of 45,246 tons, with a year-on-year growth of 103.57%; The main business income reached 2.454 billion RMB, with a year-on-year increase of 79.46%.

Capacity: 2020, tai pu han (zichen technology) negative effective capacity in 70000 tons, the company negative capacity expansion to accelerate this year, with 60000 tons of jiangxi, Inner Mongolia second phase of 50000 tons, 200000 tons of sichuan project put into production, is expected to 21, 22 years negative effective capacity up to 10, 170000 tons, up 43% from a year earlier, 70%, and 24 annual capacity of 400000 tons.
Company website: http://www.jxzichen.com

Shanshan

Shanshan, founded in 1992, has transformed from a clothing enterprise into a new energy industry enterprise and become the world’s largest comprehensive supplier of lithium ion battery materials. Lithium battery cathode material products include artificial graphite and natural graphite, mesophase carbon microspheres, compound graphite and silicon anode materials, the company products are mainly sold to China, South Korea, Japan and other regions, customers are mainly domestic and international mainstream of lithium battery manufacturers, including ATL, LG chemical, ningde hin high-tech era, byd, countries, SDI, fu, lishen, etc.

Performance: In 2020, the total sales volume of Shanshan’s lithium electric materials business exceeded 100,000 tons, with a year-on-year growth of 21%; The main business revenue was 6.92 billion RMB, up 1.8% year-on-year, and the net profit attributable to shareholders of listed companies was 290 million RMB, up 9.2% year-on-year. Positive material business, achieved sales of 30048 tons, a year-on-year growth of 38.44%. Anode material business, achieving sales volume of 58,977 tons, year-on-year growth of 24.47%.

In the first half of 2021, Shanshan Shares achieved operating revenue of 9.947 billion RMB, a year-on-year growth of 209.82%; Net profit reached 760 million RMB, up 659.15% year on year. In terms of anode materials, 42,000 tons were shipped in half a year during the reporting period, with a year-on-year growth of 107.79%; Contributed revenue of 1.646 billion RMB, up 72.71% year on year; Attributable net profit of 231 million RMB, a year-on-year growth of 828.59%.

Capacity: by 2020, Shanshan has a production capacity of 60,000 tons of cathode materials, 120,000 tons of cathode materials and 40,000 tons of electrolyte. On April 2, Shanshan Group plans to invest 1.535 billion RMB to construct the Inner Mongolia Baotou Anode Material Integration Base project (phase II), with a planned production capacity of 60,000 tons of finished cathode materials and 52,000 tons of graphitized supporting capacity, which will be started in April 2021.
Aggregate market value: 63.5 billion
Company website: https://www.shanshan.com/index/

Kaijin

Founded in March 2012, Kaijin Energy is a professional supplier of cathode materials for lithium ion batteries in China. The anode material produced has the advantages of high capacity, good high temperature performance, excellent cycling performance, good safety performance and so on. The product is suitable for square, cylindrical, flexible polymer and other types of lithium ion battery. Main customers include CATL, Lishen, Penghui, Funeng, Gateway, BIC, Wanxiang 123, Japan LEJ, Korea Kokam, etc. In July 2021, KAGin filed for an IPO again.

Performance: From 2018 to 2020, Kaijin Energy achieved operating revenue of 1.259 billion RMB, 1.861 billion RMB and 1.631 billion RMB respectively, and net profit of 110 million RMB, 157 million RMB and 158 million RMB respectively. During the period, the shipments of lithium ion battery anode materials were 26,200 tons, 43,100 tons and 48,400 tons respectively, with a compound annual growth rate of 35.89%.

In terms of production capacity: In the improvement of Xining base in Qinghai province and Inner Mongolia commercial Capital base, the preparation of the third integrated base — Leshan base with annual output of 200,000 tons. On August 10, KERGin Energy announced that the construction project of high performance lithium ion battery anode material with annual output of 50,000 tons was settled in Songshan Lake, Dongguan, Guangdong. The main funds come from the IPO funds.
Company website: http://www.dgkaijin.com/

Shangtai

Founded on September 27, 2008, Shangtai Technology is engaged in the graphitization processing services of artificial graphite anode materials, and the production and sales of carbon products such as diamond carbon source. In 2017, the company transformed from the critical process processing services of cathode materials to independent research and development, integrated production and sales of cathode materials, and established a professional team integrating talents from the carbon industry and the cathode material industry. On July 2, Sun Tech disclosed its ipo prospectus and planned to list on the Shenzhen Stock Exchange. It plans to raise 1.544 billion RMB for the construction project of sun Tech’s north Jiangsu headquarters industrial park and to supplement working capital. The main customers include CATL, ATL, Guoxuan High-tech, Wanxiang 1223, Xiongtao, Honeycomb Energy, etc. At present, samples are sent for testing to China Aviation Lithium, Nandu Power Supply, Xinwangda, etc.

Performance: From 2018 to 2020, The operating revenue of Sci-Tech was 468,809 million RMB, 546,7848 million RMB and 68,192.47 million RMB respectively, with a compound growth rate of 20.61% in the past three years. During the period, the capacity utilization rates of the company’s anode materials were 89.17%, 74.34% and 66.64%, respectively. The sales volume has increased from 3,499.58 tons in 2018 to 19,224.52 tons in 2020, with a compound annual growth rate of 134.38%. Since September last year, the cathode material has been in a booming state of production and sales. The company has carried out full load production, and even carried out small-scale outsourcing processing and procurement due to insufficient capacity.

Capacity: By the end of 2020, the production capacity of Suntech artificial graphite anode material is about 31,000 tons/year. After the second phase of Shanxi Xiyang is put into operation in the first half of 2021, the integrated production capacity will exceed 80,000 tons/year. In the next three years, Suntech will continue to improve the construction of shanxi production base phase III, and establish a RESEARCH and development and production base in Beisu Town, Wuji County, Hebei Province.
Company website: http://www.shangtaitech.com/

Shinzoom

Hunan Zhongke Shinzoom Co., Ltd. is a high-tech enterprise specializing in r&d and production of lithium battery anode materials. It is a holding subsidiary of Hunan Zhongke Shinzoom Co.,Ltd. (300035) (acquired Hunan Zhongke In 2017). Its main customers include CATL, ATL, SKI and so on.

Performance: In 2020, the operating revenue of Zhongke Shinzoom was about 974 million RMB, with a year-on-year growth of 4.79%, and the net profit attributable to shareholders of listed companies was about 164 million RMB, with a year-on-year growth of 8.34%. Among them, the sales volume of lithium anode business was 24,026 tons, up 35.44% year on year compared with 2019, and the operating revenue of anode material was 757 million RMB, up 5.30% year on year, accounting for 77.77% of the company’s total operating revenue. In the first half of 2021, Zhongke Xingcheng Lithium anode achieved operating revenue of 701 million RMB, with a year-on-year growth of 153.35%; The sales volume of anode materials reached 23,545 tons, up 211.05% year on year.

Capacity: It has three production bases, ningxiang High-tech base, Guizhou Tongren base and Sichuan Asbestos base, with an annual production capacity of 50,000 tons of anode materials. Meanwhile, it will invest 2.2 billion RMB in the second phase of Tongren Base with an annual production capacity of 50,000 tons.
Company website: http://www.shinzoom.com/

XFH

Founded on June 12, 2009, XFH specializes in the research and development, production and sales of lithium ion battery anode materials. It is an advanced professional supplier of lithium anode materials in China, with a wholly-owned subsidiary fujian XFH. On September 17, 2020, XFH successfully entered the A-share market through IPO. At present, the main customers include BYD, Samsung SDI, Panasonic and so on.

Performance: In 2020, XFH achieved operating revenue of 416 million RMB, net profit of 45 million RMB, net profit of 33 million RMB, down 35.55%, 26.32%, 33.63% respectively. Last year, the sales volume of lithium battery materials was 14,500 tons, down 10.56% year-on-year, and the inventory increased 108.85% year-on-year.

In the first half of 2021, the operating revenue was 382 million RMB, with a year-on-year growth of 81.18%; Net profit attributable to shareholders of listed companies reached 42.6986 million RMB, with a year-on-year increase of 53.91%.

Capacity: At present, XFH has a production capacity of 35,000 tons of artificial graphite and 35,000 tons of natural graphite. In addition, the planned production capacity of its high-end graphite anode material project is 60,000 tons, the completed production capacity is 30,000 tons, and the construction capacity is 30,000 tons, which is expected to be completed by the end of October 2022.
Aggregate market value: 8.295 billion
Company website: http://www.XFH.com/

Xinmao

Shenzhen Xinmao New Energy was actually founded in 2009, focusing on carbon materials, especially in the lithium battery anode material segment. Currently, the main field is small power market, including two-wheelers, power tools, MINIEV and other low-speed scooters, electric ships, forklifts and other market applications. Our main customers include Huawei, ZTE, Shuangdeng Group, Ha Guangyu, Penghui Energy, Ganfeng Stock, Suzhou Xingheng, Jiangsu Haiji, Hailutong, Zhuoneng New Energy, Suzhou Yuang, Ruipu Energy, Yijiatong, Lisi Battery, Guangdong Jiatuo and so on. In 2020, the shipment of anode materials exceeded 12,000 tons.

Capacity: in 2020, the shipment of anode materials exceeded 12,000 tons, and the overall production capacity exceeded 20,000 tons. In addition, a 5-year production expansion plan has been formulated. At the beginning of next year, dongguan factory will continue to expand production to 18,000 tons/year, and Shenzhen factory will be put into use with an additional capacity of 8,000 tons/year. In 2022, it plans to build a 15,000-ton/year factory in the Yangtze River Delta, expand the full-process production base in Chongqing and start the construction of the headquarters base in the Shenzhen-Shantou Cooperation Zone.

Zhengtuo

Jiangxi Zhengtuo New Energy was established in March 2008. Its products are mainly used in the fields of lithium ion power batteries (EV/HEV/PHEV, power tools, electric buses, etc.), energy storage lithium ion batteries (energy storage power stations, mobile energy storage vehicles, rechargeable vehicles, etc.), digital electronic products lithium ion batteries and nanomaterials, etc. Main customers include BYD, Lishen, Harbin Guangyu, Guoxuan High-tech and so on.

In terms of production capacity: the current production capacity has reached 30,000 tons/year, and the second-phase automatic negative pole production line is planned to be completed in 2022, with a total production capacity of 50,000 tons/year. In addition, the company’s research and development of new lithium ion battery anode material —- silicon carbon anode material, has achieved mass production, has an annual output of 2000 tons of production capacity.
Company website: http://www.jxzeto.com/

Nations Technologies

Founded in March, 2000, National Technology is an integrated circuit design enterprise, mainly engaged in the development, design and sales of its own brand integrated circuit chips, and provide corresponding system solutions and after-sales technical support services, listed on gem in 2010.

In 2017, National Technology began to set foot in the field of new energy lithium, and invested heavily in shenzhen Snow Industrial Development Co., LTD. (hereinafter referred to as “Snow”, founded in 2002). The company is mainly engaged in the research and development and production of battery anode materials, and its downstream customers are concentrated in the field of new energy batteries and digital batteries. Main customers include Guoxuan High-tech, Lishen, Xingheng and so on. On May 31, Kookmin Technologies agreed to cooperate with PoSCO chemical in the lithium-ion battery anode material business through its stake in Snow or its subsidiaries.

Performance: Snow is still in the red. In 2020, Snow achieved a revenue of 138 million yuan; Net profit – 38.1632 million yuan. In the first quarter of 2021, The operating income of Snow reached 50.7061 million yuan; Net profit – 10.9895 million yuan. As of March 31, 2021, the number of cathode materials and OEM orders of the company in 2021 reached 10,300 tons (including graphitization OEM). In addition, Huayou Cobalt is Snow’s fourth largest shareholder.

Capacity: The production capacity covers Guangdong, Jiangxi and Inner Mongolia, with a production capacity of 50,000 tons of anode materials and 20,000 tons of graphitization. At present, the whole industrial chain production base of Inner Mongolia negative material has realized stable large-scale production. (Information source: Qidian Lithium big data)
Aggregate market value: 16.909 billion
Company website: https://www.nationstech.com/

In the end, if you want to get to know more about the downstream of lithium ion battery in China, you can read the Top 100 Lithium ion battery Manufacturers in china in our website. In that article, we introduced 100 Lithium ion battery Manufacturers in detail. And you can also go through other articles in our best list such as Top 100 portable power station companies in China.