Analysis of the leading stocks of the first 16 lithium battery cathode materials in Shenzhen and Hong Kong listed companies

The “13th Five-Year” China Lithium Battery Cathode Materials Market Development and Forecast Report (2017 Edition) was released by Car Research Consulting analyzed 200 lithium battery cathode materials companies, including 39 lithium battery cathode materials Listed companies. Detailed data on production capacity, production and sales, revenue, and profit of the company's cathode materials are reported in the report.

1. Ningbo Shanshan Co., Ltd. (lithium cobaltate + ternary)

Ningbo Shanshan Co., Ltd. was established in 1992 and listed on the Shanghai Stock Exchange in 1996. It is one of the first male business dressing companies listed in China.

As early as 1999, Shanshan entered the lithium battery industry, starting with the production of battery anode materials, and then made cathode materials and electrolytes. Since 2015, Shanshan has increased its strategic layout in the field of new energy vehicles and extended its downstream new energy vehicle industry.

In 2003, Shanshan shares entered the lithium ion battery cathode material market. Hunan Shanshan Energy Technology Co., Ltd. is a subsidiary of Ningbo Shanshan Co., Ltd., which was established in November 2003 and will be listed on the national stock transfer system on February 16, 2016.

On January 15, 2016, Shanshan Energy (Ningxia) Co., Ltd. was formally incorporated. Shanshan Energy’s “One General, One Hospital, Three Bases” officially kicked off.

2. Beijing Dangsheng Materials Technology Co., Ltd. (lithium cobaltate + ternary)

Founded in 2001, Beijing Dangsheng Materials Technology Co., Ltd. originated from the first batch of innovative central enterprises managed by the State-owned Assets Supervision and Administration Commission of the State Council, Beijing Research Institute of Mining and Metallurgy. In April 2010, he landed on the GEM and became the only listed company in China. Since entering the lithium battery cathode material industry in 2002, the company has become the first supplier of domestic lithium battery cathode materials.

In 2010-2014, the company's main products were mainly lithium cobalt oxide. However, due to overheated production due to overheated investment in the industry, product prices fell sharply and the company's performance also suffered losses. In 2015, the company successfully transformed the field of vehicle power ternary materials, and the company's production and sales both increased significantly.

3. Xiamen Tungsten Industry Co., Ltd. (lithium cobalt oxide + lithium manganate + lithium iron phosphate + ternary material)

Xiamen Tungsten Industry Co., Ltd., the predecessor of Xiamen Alumina Plant, was founded in 1958. It began to convert tungsten products in 1982 and changed its name to Xiamen Tungsten Factory in 1984. In December 1997, Xiamen Tungsten Products Co., Ltd. was reorganized into Xiamen Tungsten Industry Co., Ltd. by way of initiation. In November 2002, the company's shares were listed on the Shanghai Stock Exchange.

Xiamen Tungsten entered the field of battery materials in 2003. In 2012, it accelerated its layout in the field of cathode materials. Currently, its products cover lithium cobaltate, ternary materials and lithium manganate and lithium iron phosphate.

The cobalt and nickel sulfate produced by the company's lithium ion materials are mainly purchased from Jinchuan Group, Qingyuan Ghana and Shanghai Metal Exchange. Lithium carbonate and lithium hydroxide are mainly purchased from domestic leading enterprises and import some lithium salts from Japan.

4. Grimme Co., Ltd. (lithium cobaltate + ternary)

GEM AG was established in Shenzhen in December 2001. In January 2010, it was listed on the SME board of the Shenzhen Stock Exchange. It is the first stock of China's mining “city mine” resources, renewable resources industry and e-waste recycling industry first stock.

In recent years, GEM has established a lithium-ion battery material production line based on the development of ultra-fine cobalt-nickel powder business, and produces lithium battery positive electrode precursor products including tricobalt tetroxide, nickel-cobalt-manganese ternary materials, and nickel-cobalt-aluminum ternary materials. . At present, the company has comprehensively laid out the entire industry chain of “raw material-cobalt salt-precursor-positive material” for lithium cobaltate and ternary cathode materials. The domestic market has a cooperative relationship with Far East Foster and Jiewei Power. It also indirectly enters the CATL industrial chain by performing precursor processing for Bangpu. The foreign market cooperates with Samsung, ECOPRO and other manufacturers.

With the transformation of Jiangsu Kailik and Wuxi Gomemei as the center, the transformation and upgrading of the power battery material chain was carried out, and the power material industry chain of “Kailick – Xingyou – Wuxi Green Beauty” was successfully constructed.

5. Jiangmen Keheng Industrial Co., Ltd. (lithium cobaltate + lithium iron phosphate + ternary)

Jiangmen Keheng Industrial Co., Ltd. was established in 1994. Its predecessor was Jiangmen Lianxing Keheng Auxiliary Factory. As early as 1994-95, KF series textile auxiliaries developed and produced by ourselves have become the leading products in China. In 1997, it began to get involved in the field of rare earth luminescent materials. The products such as Bifeng blue powder, high temperature resistant red powder and full spectrum phosphor powder successfully developed have become the first products in China. After 2003, Keheng's rare earth fluorescence distribution ranked the champion and became the global leader in the rare earth phosphor industry.

In 2012, Keheng transformed the lithium-ion battery material field. In 2013, it launched the first lithium-ion battery cathode material LCO-1. After two years of business development, Keheng has entered the ranks of leading lithium-ion battery cathode materials suppliers in China. In addition, LED luminescent materials, catalytic materials, photobio materials, and silicone materials have also been successfully developed and marketed.

In July 2012, it was listed on the entrepreneurial board of the Shenzhen Stock Exchange.

In 2016, it entered the field of automatic production equipment for lithium batteries, and now forms a dual business model of “material + equipment”.

6. Minmetals Capital Co., Ltd. (lithium cobaltate + ternary)

Minmetals Capital Co., Ltd., formerly known as Jinrui New Materials Technology Co., Ltd., is a technology-based enterprise controlled by Changsha Mining and Metallurgy Institute. The 2009 Changsha Research Institute of Mining and Metallurgy were integrated into China Minmetals Corporation and became its wholly-owned subsidiary, making China Minmetals the actual controller of the company.

Longquan Lithium and Jinchi Materials, a wholly-owned subsidiary of the company's new materials division, operate battery materials business.

Hunan Changyuan Lithium Co., Ltd. was established in June 2002. In December 2013, Jinrui Technology won a 35% stake in Hunan Longyuan Lithium, and its shareholding ratio increased to 51%. Long-term Lithium became a holding subsidiary of Jinrui Technology. . The company's main products are lithium cobalt oxide, lithium manganate and ternary composite lithium ion cathode materials. In November 2014, Jinrui Technology participated in the bidding for the remaining 49% stake in Long Distance Lithium.

7. Meidu Energy Co., Ltd. (ternary)

Meidu Energy was founded on May 31, 1988. Its predecessor was Hainan Baohua Real Estate Development and Management Company. In April 1999, it was listed on the Shanghai Stock Exchange. In September 2002, it was acquired by Meidu Group. In March 2003, the registered address was moved from Hainan Province to Hangzhou. The name was changed to “Meidu Holdings Co., Ltd.” and the stock was referred to as “Meidu Holdings”. In December 2009, the company's registered address was moved from Hangzhou to Deqing County, Huzhou City, Zhejiang Province. In October 2014, the company name was changed to “Meidu Energy Co., Ltd.” and the stock abbreviation was changed to “Meidu Energy”.

Shanghai Delangeng Power Battery Co., Ltd. was established in October 2009, and Shanghai Delangeng Battery Co., Ltd. holds 28.12%.

In November 2016, Zhejiang Meidu Moen Technology Co., Ltd., a subsidiary of the company, and Hangzhou Shuyi Investment Management Partnership (Limited Partnership) jointly invested RMB 100 million to establish Deqing Meidu New Energy Technology Partnership (Limited Partnership). New Energy acquired a total of 49.597% of Shanghai Delangeng Power Battery Co., Ltd., which was held by Time-Space Electric Vehicle Co., Ltd. for a total of RMB 397,760,600.

Delangeng Power Battery mainly produces cylindrical lithium-ion batteries, of which 18650 products are the most shipped, and the company also has 26550 and 14650 categories. Cylindrical lithium-ion battery products with lithium cobaltate, lithium iron phosphate and ternary battery cathode materials have been produced in batches.

Eight, Fujian Zhonghe Co., Ltd. (ternary)

Zhonghe shares is mainly engaged in the development, production and sales of medium and high-grade cotton casual wear fabrics, which are the printing and dyeing sub-sectors in the textile industry. Announced on July 6, 2012, announced that it will enter the new energy lithium battery industry, and plans to acquire no less than 51% of Xiamen Yushi Trading Co., Ltd. held by Xiamen Huangyan Trading Co., Ltd. for no more than 500 million Yuan. Lanshi currently holds 70% of the shares of lithium battery company Shenzhen Tianjiao Technology and 33% of Aba Prefecture's Yanfeng Lithium Industry.

In 2014, after the company acquired 100% equity of Xiamen Huangyan, it has a final interest of 70% in Shenzhen Tianjiao and 96.14% in Yanfeng Lithium.

Founded in 2004, Shenzhen Tianjiao Technology Development Co., Ltd. is a high-tech enterprise mainly engaged in research, development, production, sales and related technical consulting and services of new energy materials.

The Tianjiao product line includes ternary materials, lithium titanate and lithium manganate, and has also entered the field of electrolyte and ternary material precursor production. Tianjiao Technology was sold to Zhonghe shares by China Baoan, and Zhonghe shares became the majority shareholder of Tianjiao.

9. CITIC Dameng Holdings Limited (Hong Kong stocks) (ternary)

In June 2017, CITIC Dameng invested in the construction of a nickel-cobalt-manganese ternary material project in Guangxi Chongzuo Industrial Park. The project will be constructed in three phases. Among them, the first phase has been completed and put into production, mainly to produce 523 type nickel-cobalt-manganese ternary material products; the second phase will build 10,000 tons of nickel-cobalt-manganate ternary material production line in 2018 to produce 622 type nickel-cobalt Lithium manganate ternary materials are the main products; the third phase will achieve an annual production capacity of 20,000 tons of lithium cobalt cobalt manganate ternary materials in 2020, and the newly added capacity will mainly produce high-nickel ternary materials.

10. Jiangxi Special Electric Co., Ltd. (ternary)

Jiangxi Special Motor Co., Ltd. is a national high-tech enterprise integrating R&D, production and sales of special motors and new series of lithium-ion energy products. There are more than 20 direct and indirect companies, covering motor, mining and processing, and lithium.铷铯 compounds, cathode materials and electric vehicles, robot software and other industries.

At present, Jiangte Motor has four major industries, namely the electromechanical industry, the mining industry, the lithium battery industry and the electric vehicle industry.

Since 2009, Jiangte Electric has cooperated with Professor Shengwen Li, a professor of lithium-rich manganese-based cathode materials in Jiangxi University of Science and Technology, to establish Jiangte Lithium Battery, and officially entered the field of lithium battery cathode materials such as lithium-rich manganese and ternary materials.

Jiangxi Jiangte Lithium Battery Materials Co., Ltd. was established in June 2009, and Jiangte Electric holds 97.45%. It mainly engaged in the production of cathode materials for lithium batteries, including mass production of ternary materials and lithium-rich manganese-based cathode materials.

11. Guoguang Electric Appliance Co., Ltd. (ternary)

The main business of Guoguang Electric Appliance Co., Ltd. includes three categories: audio electro-acoustic, lithium battery and park development. Among them, the audio and electro-acoustic business mainly includes speaker unit and audio system, which is the first major business.

The lithium battery business of Guoguang includes the soft pack battery and lithium battery cathode material used in consumer electronics. The company's soft pack battery business is developing normally, and the lithium battery cathode material is just in its infancy.

In 2009, Guoguang Electric Co., Ltd. proposed the R&D needs of NCA. In 2010, the R&D team of lithium battery cathode material NCA was established. After several years of continuous research, the pilot test was completed in 2013. The company cooperated with Jiangsu Guotai and Huarong in May 2014. The chemical industry and related technical personnel jointly established Guangzhou Libao New Materials Co., Ltd. to jointly promote the industrialization of NCA and NCM materials.

12. Yibin Tianyuan Group Co., Ltd. (ternary)

Yibin Tianyuan Group Co., Ltd. was founded in 1944 by the famous patriotic industrialist and founder of China's chlor-alkali chemical industry. Mr. Wu Yunchu was one of the earliest chlor-alkali chemical companies in China.

On April 25, 2017, Guoguang Optoelectronics signed a Cooperation Framework Agreement with Tianyuan Group. The two parties intend to invest 20,000 tons of nickel hydroxide, cobalt manganese or nickel oxyhydroxide per year in Yibin through various cooperation methods such as equity investment Aluminum project and an annual output of 20,000 tons of nickel-cobalt-manganate/nickel-cobalt aluminate project.

On June 12, 2017, Tianyuan Group agreed to increase its capital and share to Guangzhou Libao New Materials Co., Ltd. with its own funds, with an increase of 309 million Yuan and a capital contribution ratio of 49%. At present, Yibin Tianyuan Group Co., Ltd. holds 49.40%, Guoguang Electric Appliance Co., Ltd. holds 47.80%, and Jiangsu Guotai International Group International Trade Co., Ltd. holds 1.40%.

In the future, Guangzhou Libao will focus on the ternary cathode material project, and the ternary cathode material precursor project will be operated by an independent company.

13, Zhejiang Youfu High-tech Fiber Co., Ltd. (ternary)

Zhejiang Youfu High-tech Fiber Co., Ltd. was originally engaged in the R&D, production and sales of polyester industrial yarn, but completed the acquisition of 51% equity of Zhihang New Energy in the fourth quarter of 2016, thus forming a dual main business: polyester industrial yarn and lithium battery. Since the new energy of Zhihang was incorporated into the company in the fourth quarter of 2016, the contribution of the lithium battery business to the company will be fully reflected in 2017.

Established in July 2012, Jiangsu Zhihang New Energy Co., Ltd. is a high-tech enterprise specializing in R&D, production, sales and service of power lithium battery cathode materials, lithium batteries and battery packs. It has cooperated with well-known domestic car companies such as Dongfeng Motor, Brilliance Auto, Zhongzhi Auto, CSIC, and Jiangsu Aoxin.

14, Wulong Electric Vehicle (Group) Co., Ltd. (Hong Kong stocks) (ternary)

Wulong Electric Vehicle (Group) Co., Ltd. is a comprehensive electric vehicle manufacturer listed on the main board of the Hong Kong Stock Exchange. Its predecessor was Zhongju Battery. Since 2010, it has been engaged in the lithium battery business of electric vehicles.

The company also owns a wholly-owned subsidiary, Wulong Power Co., Ltd. (Hong Kong stocks, formerly Anan Group), which involves investment in new energy fields and lithium battery manufacturing. The main business covers R&D, production and sales of lithium ion battery cathode materials and related products.

On November 2, 2014, the company was announced to be acquired by Wulong Electric Vehicles for the issue of convertible bonds. Wulong Electric Vehicles Co., Ltd. Zhongju Strategic Investment Co., Ltd. (currently the largest shareholder, accounting for 67.19%) acquired all the issued shares of the Group and issued all the share options in exchange for the issue of the convertible bonds in exchange for the Wulong issue. Exchange of convertible bonds Wulong Power is now an indirect non-wholly owned subsidiary of Wulong Electric Vehicle (Group) Co., Ltd.

In April 2015, Wulong Power acquired the interest of Synergy Dragon Limited. The consideration for the acquisition was HK$750 million, which indirectly held a 25% stake in lithium battery manufacturer Zhongju Battery Co., Ltd., which was placed in the lithium-ion battery and related products.

In October 2015, Wulong Power completed the wholly-owned acquisition of Ai Sikai (Chongqing) Lithium Battery Materials Co., Ltd.

In November 2015, a memorandum of understanding was entered into with Likai Energy Technology Co., Ltd.

On January 21, 2016, the company was officially changed to Wulong Power. From the original investment and consultancy services, the company has become the main source of income, and now Wulong Power's main business is developing, producing and trading cathode materials for nickel-cobalt-manganese (NCM) lithium-ion batteries.

XV. Chongqing Wanli New Energy Co., Ltd. (lithium iron phosphate + ternary)

Chongqing Wanli New Energy Co., Ltd., is formerly known as Chongqing Wanli Holdings (Group) Co., Ltd., Chongqing Wanli Battery Co., Ltd., formerly known as Chongqing Battery General Factory.

Founded in 2007, Chongqing Terui Battery Materials Co., Ltd. is a high-tech enterprise specializing in the research, development, production and sales of lithium battery cathode materials. The main products are XC series lithium iron phosphate, TR series lithium cobalt manganese oxide, etc.

In May 2017, Wanli shares subscribed for 2.15 million new shares of Chongqing Terry Battery Materials Co., Ltd., and at the same price, transferred 3.65 million shares of Terry Battery held by the company's controlling shareholder, Nantong, with a total investment amount of 2552100 million Yuan. After the completion of this capital increase and equity transfer, the company will accumulate 5.8 million shares of Terry Battery, accounting for 15.61%, becoming its second largest shareholder.

16. China Baoan Group Co., Ltd. (lithium iron phosphate + ternary)

Shenzhen Beitui New Energy Materials Co., Ltd. is a new energy material manufacturer for lithium ion secondary batteries controlled by China Baoan Group, which integrates basic research, product development, production and sales. The main products include lithium ion battery anode materials, cathode materials, natural flake graphite and graphite products processing.

In addition to the anode material, Betray's cathode materials are also developing very fast. The cathode material products mainly include lithium iron phosphate cathode material, manganese-based multi-component composite cathode material and ternary cathode material NCA.

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