Top 10 Ternary material manufacturers in China in 2021
Ternary batteries are one of the most popular types of lithium ion batteries. In 2020, the market size of Ternary lithium materials in China was 27.8 billion RMB, with a year-on-year growth of 7%. The TOP 10 Ternary material manufacturers in China are: Ronbay Technology, Shanshan Energy, Bamo-tech, Easpring, Xiamen Tungsten, Tianli Energy, Meidu Hitrans, Kanhoo Industry, GEM, Zhenhua E-chem.
In terms of competition pattern, Ronbay Technology continues to be the first over these years, but the gap with the second and third narrowed, Shanshan Energy, Bamo-tech, Easpring and other enterprises followed, the market share of top 5 ternary material manufacturers is very close. The top 10 manufacturers are mostly listed companies or to be listed companies, capital strength is relatively strong. It is expected that the competition of ternary materials will intensify in the next three years and the market concentration will rise.
The Sales and Share of Top 10 Ternary Material Manufacturers in China
The introduction of Top 10 Ternary Material Manufacturers in China
Top1:Ronbay Technology
Founded in 2014, Rongbai Technology was officially listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange on July 22, 2019. The main products of the company include NCM811, NCM622, NCM523, NCA, etc. It is one of the first cathode material manufacturers to realize mass production of NCM811, and its technical level and mass production scale of NCM811 cathode material products belong to the first echelon. their main customers include CATL, BYD, CALB, LG Chem, Tianjin Lishen, etc.
Performance: The company is positioned to focus on high nickel ternary cathode materials and precursors. The company achieved the annual sales volume of 26,000 tons of ternary cathode materials, an increase of about 15.5% year on year, in which the sales growth of core product NCM811 doubled year on year. The company achieved operating revenue of 3.795 billion RMB in 2020, down 9.43% year on year, among which the sales volume of ternary materials was 3.51 billion RMB.
Production capacity: With the continuous growth of orders around the world, the company officially launched a new round of production capacity expansion in three manufacturing bases in Hubei, Guizhou and South Korea in the second half of the year to effectively supply downstream customers. It is expected to reach more than 100,000 tons of production capacity in 2021. The subsequent new production capacity is mainly for NCA, single crystal NCM811, ultra-high nickel NCM811 and other upgraded products, with stronger product competitiveness.
Aggregate market value: 58.701 billion
Company website: http://www.ronbaymat.com/
Top2:Shanshan Energy
Shanshan Energy cathode materials are mainly ternary materials, lithium cobalt and lithium manganese, and ternary cathode materials are mainly NCM523 and NCM622. Shanshan Energy’s parent company Shanshan Shares recently announced that it plans to transfer 51% of shanshan Energy’s equity to international chemical giant: BASF. After the completion of the transaction, Shanshan Energy’s shareholders will be changed to BASF holding 51% of its equity, Yongxiang Investment holding 49% of its equity, Shanshan Energy will be changed to a sino-foreign joint venture company.
Performance: ternary material sales increased significantly year-on-year in 2020, and the annual sales volume of cathode material was 30,048 tons, up 38.44% year-on-year, and the main business income of cathode material was 384,8712,800 RMB, up 4.75% year-on-year, of which the sales volume of ternary material was 3.2 billion RMB, and the rest was lithium cobalt acid products.
Production capacity: Shanshan Energy has three cathode material production bases in Changsha, Ningxiang and Ningxia, with a total annual production capacity of 60,000 tons. The company has also started the project planning of cathode material with an annual output of 100,000 tons in Changsha High-tech Zone. The high-nickel ternary material production line with an annual output of 5,000 tons is currently under construction.
Aggregate market value: 63.5 billion(Shanshan Shares)
Company website: https://www.shanshan.com/index/
TOP3:Bamo-tech
Tianjin B & M Science and Technology Joint-Stock Co., Ltd. was established in August 2002, which is a holding subsidiary of Huayou. The company has registered capital of 197.89 million RMB, net assets of 1.7 billion RMB. Up to now, the company has an annual production capacity of 55,000 tons.
Their main products are NCM622, NCM811, NCA, etc. Their customers include CATL, BYD, Lishen, Samsung and LG, etc. From 2019 to 2020, Bamo-tech achieved operating revenue of 3.043 billion RMB, 4.152 billion RMB, net profit of 99.8083 million RMB, 18.93262 million RMB, net profit after deduction of non-profits were 83.0181 million RMB, 169.479 million RMB, net profit in 2020 doubled over the same period last year.
Company website: http://www.bamo-tech.com/
TOP4:Easpring
Easpring technology was listed on gem in 2010, and its three-element material mass production products include NCM523, NCM622 and NCM811. Its main customers include Samsung SDI, LG Chem, SKI and BYD, etc.
Performance: In 2020, the company achieved operating revenue of 3,183,317,200 RMB, a year-on-year increase of 39.36%; Net profit attributable to shareholders of listed companies was RMB 38,489,900 RMB, with a year-on-year increase of 284.12%. Annual product sales reached 24,000 tons, up 58% year on year. The company strengthens the strategic cooperation with international big customers and speeds up the development of overseas high-end market. The shipment volume of international customers accounts for nearly 70%.
Production capacity: In 2020, the effective capacity of diversified materials of the company is 22,000 tons, 10,000 tons of capacity is under construction, and the annual capacity utilization rate of 2020 is 98.1%. With the release of high-end production capacity, it is expected that the company’s 6 series and 8 series of high-nickel products will continue to increase the proportion of shipments.
Aggregate market value: 49.721 billion
Company website: http://www.easpring.com/
Top5:Xiamen Tungsten
The main business of Xiamen Tungsten is the development, production and sales of lithium ion battery cathode materials, and the main products are lithium cobalt acid, nickel cobalt manganese ternary materials, etc. By virtue of the advantages of technology research and development and product quality accumulated over the years, the company has expanded many well-known lithium battery customers around the wold.
In the field of 3C lithium battery, their main customers are ATL, LGC, Sunwoda and other well-known battery enterprises around the wold. Their products are widely used in the downstream, middle and high-end 3C electronic products. In the field of power lithium battery, the main customers are Panasonic, BYD, CALB, etc.
Performance: in terms of battery materials. Since the price of cobalt raw materials fell last year and it was necessary to digest the high inventory at the beginning of the period, the price of cobalt, the main raw material, was relatively stable in 2020, and the product structure continued to optimize, the company’s production and sales of lithium cobalt oxide and profit increased significantly year-on-year.
In 2020, the company’s battery material business (including lithium anode material and hydrogen storage alloy business) achieved a cumulative operating revenue of about 8.219 billion RMB, with a year-on-year growth of about 14.62%. The total profit was about 278 million RMB, up about 123.21% year on year. The revenue of ternary material business in 2020 is 1.7 billion RMB.
Production capacity: Haicang Base annual output of 10,000 tons of ternary materials for vehicles has been put into operation; Haijing Base annual output of 20,000 tons of automotive materials industrialization project is under civil construction stage; The second phase of sanming High energy and longevity ternary material project with an annual output of 6000 tons has been completed and put into operation. Ningde cathode cathode material production line project with annual output of 20,000 tons has been put into production.
Aggregate market value: 36.199 billion
Company website: http://www.cxtc.com/
Top6:Tianli Energy
Tianli Lithium Energy Co., LTD., founded in March 2009 with the registered capital of 91.48 million RMB, is a national high-tech enterprise specializing in the r&d, production and sales of lithium ternary cathode materials. It is also one of the few suppliers in the industry with both precursor and finished ternary materials. The company’s main production bases are located in Xinxiang, Henan province and Huaibei, Anhui Province, covering a total area of 150,000 square meters.
With an annual production capacity of 20,000 tons, the company has ranked first in the field of ternary material application for small power lithium battery for many years. In 2019, the company’s output value exceeded 1.1 billion RMB, and profits and taxes reached nearly 100 million RMB. Compared with 2018, the deductible net profit increased by more than 100%. In March 2021, the company applied for THE GEM IPO and is now in the queue.
Performance: The company achieved operating revenue of 1.24 billion RMB in 2020, with a year-on-year growth of 21.56%. The main customers are Hengdian Dongci, Camel, Suzhou Xingheng, Zhejiang Tianeng, Penghui energy and so on.
Aggregate market value: 2.56 billion
Company website: https://www.xxtlln.com/
Top7:Meidu Hitrans
Zhejiang Meidu Hitrans Lithium Battery Technology Co., Ltd., founded in 2015, is a research and development enterprise focusing on lithium ternary materials and precursors.
In recent years, the company has developed rapidly, the core team is younger, and the performance has been growing rapidly for many years. In 2020, the company’s revenue of ternary materials is about 1.1 billion RMB. In terms of capacity, the company’s existing capacity is about 25,000 tons, and it plans to achieve 50,000 tons of cathode material capacity and 50,000 tons of precursor capacity in the next three years.
Company website: http://www.chinahitrans.com/
Top8:Kanhoo Industry
Jiangmen Kanhoo Industry Co.,Ltd. (stock code: 300340), founded in 1994, is specialized in the lithium ion battery cathode material, intelligent equipment and rare earth functional materials research and development, production, manufacture of state-level high-tech enterprises, products are widely used in communications, new energy vehicles, portable electronic products, lighting and catalyst, and other areas of the industry. At present, it has more than 20 wholly-owned subsidiaries and participating holding companies, and five production bases in Jiangmen, QingRMB, Shenzhen, Zhuzhou and Liyang.
In 2020, the company achieved total operating revenue of 1.65 billion RMB, down 10.5% year on year, and the decline narrowed compared with the same period last year. The net profit returned to the parent was 740 million RMB, compared with 30.433 million RMB in the same period of last year, failing to maintain a profitable state. In 2020, the company’s revenue of lithium battery cathode materials will be 1.1 billion RMB, with a gross margin of -0.65%.
Aggregate market value: 4.975 billion
Company website: http://www.keheng.com.cn/
Top9:GEM
GEM is the proposer of the industrial concept of “limited restheirces and infinite circulation” and the pioneer of urban mining in China. In the past 20 years, the company has implemented the goal of promoting carbon peak and carbon neutrality by mining urban mines and developing new energy materials, establishing restheirce cycle mode and clean energy material mode.
Starting from the waste battery recycling technologies, to conquer electronic waste treatment, resource recycling scrapped automobiles whole green technologies and ternary of power battery material world technical problems such as “nuclear” technology, GEM breakthrough to solve China’s waste batteries, electronic waste and scrap automobiles in typical green waste resource processing and recycling of the key technical difficulties, build the world’s advanced new energy full life cycle value chain, cobalt and tungsten rare metal resource recycling value chain, electronic waste and waste plastic recycling value chain and other resource recycling mode and new energy cycle mode.
The company has built 16 waste recycling and new energy material parks in hubei, Hunan, Guangdong, Jiangxi, Henan, Tianjin, Jiangsu, Zhejiang, Shanxi, Inner Mongolia, Fujian and other 11 provinces and municipalities directly under the Central Government. The green recycling development footprint covers China, spanning 3,000 kilometers, and has established waste recycling cooperative relations with nearly 500 million people in China. The annual report shows that the sales volume of GEM ternary materials in 2020 is 1 billion RMB.
Aggregate market value: 52.810 billion
Company website: http://www.gem.com.cn/
Top10:Zhenhua E-chem
Guizhou Zhenhua E-chem Inc., whose controlling shareholder is China Zhenhua Electronics Group Co., LTD., is the only enterprise under China Electronics Information Industry Group Co., LTD. (CEC) specializing in the research and development, production and sales of lithium ion battery materials.
Performance: In 2020, the sales volume of ternary materials of Zhenhua E-chem was 890 million RMB. The company’s ternary materials products are mainly NCM523, and its main customers include CATL, BYD, Farasis, Micro Macro Power and so on. The 2021 IPO filing was approved on June 11, 2021.
Production capacity: The company’s cathode material production capacity is 37,000 tons, of which the ternary production capacity is 35,000 tons, and the total production capacity will reach 55,000 tons in 2021
Aggregate market value: 23.653 billion
Company website: http://www.zh-echem.com/
In the end, if you want to get to know more about the midstream 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.
