【Orders】Hundreds of Tons! Ronbay Technology Secures Another Major Customer Order for Polyanion Products
According to Ronbay Technology (688005), the company recently achieved another significant breakthrough in the field of sodium-ion battery cathode materials. Following a 3,000 mt order for layered oxide cathode materials from downstream customers, the company quickly secured an additional order for hundreds of tons of polyanion products from another top-tier strategic customer and immediately initiated an efficient and rapid mass production delivery process. This achievement not only demonstrates Ronbay Technology's efficient production processes and ability to respond quickly to market demands but also highlights the company's leading position in product technology.
As one of the three mainstream technical routes for sodium-ion batteries, polyanion materials exhibit excellent performance and significant cost advantages. These compounds, characterized by high redox potential and stable crystal structures, typically achieve over 4,000 cycle times, with theoretical cycle times reaching tens of thousands, showcasing exceptional cycle stability, thermal stability, air stability, and safety. Additionally, polyanion compounds are primarily composed of abundant elements such as phosphorus and oxygen, and their production processes are relatively simple, resulting in lower production costs. With high C-rate charge-discharge capability, high safety, low cost, and excellent low-temperature performance, polyanion sodium-ion batteries show great potential for applications in EVs, start-stop power supplies, and energy storage systems.
Ronbay Technology demonstrates outstanding technical capabilities across the three mainstream technical routes of sodium-ion battery cathode materials: polyanion, layered oxide, and Prussian-type materials. The company's layered oxide and polyanion products lead the industry in comprehensive indicators such as performance parameters, process stability, and cost control, securing key positions with top-tier customers domestically and internationally. Its production lines have passed customer audits and certifications, with large-scale mass production delivery expected by 2025. In the field of Prussian-type materials, the company continues to advance R&D to maintain its technological edge. The recent additional order for polyanion products and the rapid initiation of mass production delivery not only showcase Ronbay Technology's strong production capabilities and deep technical expertise but also further solidify its core position in the global sodium-ion battery industry chain. (Source: Battery Hundred People - Battery Network)
【Updates】Nearly 500 Million Yuan! 20,000 mt Annual Capacity! LFMP Cathode Material Project to Begin Trial Production in April
According to "Baiyin News," the 20,000 mt/year LFMP cathode material project of Baiyin Times Ruixiang New Material Technology Co., Ltd. (Baiyin Times Ruixiang) has nearly completed the installation of its main equipment and is set to begin trial production in April. Once fully operational, the project will deliver a capacity of 20,000 mt and generate annual revenue of 1 billion yuan.
Established on October 14, 2022, Baiyin Times Ruixiang is located in the Baiyin High-Tech Industrial Development Zone in Gansu Province. It is a technology-driven enterprise jointly funded by Gansu Daxiang Energy Technology Co., Ltd. and Baiyin Nonferrous Group Co., Ltd., specializing in the R&D, production, and sales of lithium-ion battery cathode materials.
Baiyin Times Ruixiang plans to construct a production site for 100,000 mt/year manganese-based lithium-ion battery cathode materials in three phases. Phase I, with an annual capacity of 20,000 mt for LFMP cathode material industrialisation, involves a total investment of 485 million yuan. (Source: Battery Hundred People - Battery Network)
【Company】CATL Supplier Plans Hong Kong IPO to Raise Over $400 Million
Recently, CNGR (300919) announced its plan to issue H-shares and list on the Hong Kong Stock Exchange to further advance its "global development" strategy, establish an international capital operation platform, support the continuous upgrading of its global industrial layout, and accelerate the construction of a dual circulation framework. Reports indicate that CNGR is collaborating with Morgan Stanley and Huatai Securities to plan the Hong Kong listing, aiming to raise $400 million to $500 million, though details are still under discussion.
CNGR is a professional comprehensive service provider of new energy materials for lithium batteries, focusing on the R&D, production, and sales of lithium battery cathode material precursors and nickel-based new materials. It operates in the strategic emerging industries of new materials and new energy. Its main products include ternary/iron phosphate precursors, Co3O4, and nickel, which are used to produce ternary cathode materials, LFP cathode materials, and LCO cathode materials. These cathode materials are further processed into lithium batteries for applications in NEVs, ESS, and consumer electronics.
In terms of customers, CNGR has fully integrated into the global leading lithium battery industry chain, establishing a global, multi-dimensional premium core customer system covering "vehicles, batteries, and cathodes." It has built stable partnerships with top domestic and international clients, including Tesla, Samsung SDI, LGES, CALB, CATL, SK On, SVOLT Energy Technology, Panasonic, Easpring Technology, Xiamen Tungsten, BTR, B&M, L&F, Zhenhua New Materials, Ronbay Technology, ECOPRO, and POSCO. (Source: Battery Hundred People - Battery Network)
【International】20% Stake! LGES Strategically Invests in Lopal Subsidiary
On February 21, Lopal (603906) announced that its third-tier subsidiary, Indonesia Liyuan, has secured a strategic investment from LG Energy Solution (LGES). LGES invested approximately $15.97 million in cash, acquiring a 20% stake. This investment will support the construction of Indonesia's 30,000 mt/year LFP cathode material project and deepen collaboration between the two parties in the global battery industry chain.
The Indonesia project is Lopal's first overseas production site for LFP cathode materials with a capacity exceeding 10,000 mt/year. In July 2023, the groundbreaking ceremony for Phase I of the 30,000 mt/year LFP project was held in the Kendal Industrial Park, Indonesia. The project involves a planned investment of $290 million and aims to establish a production capacity of 120,000 mt/year for LFP cathode materials, with Phase I targeting 30,000 mt.
In September 2023, Lopal announced that its subsidiary, Changzhou Liyuan, had signed a Memorandum of Understanding with LGES. The memorandum outlined plans to establish a new joint venture or use Indonesia Liyuan as the joint venture to operate a cathode material plant in Indonesia. (Source: Battery Hundred People - Battery Network)
【Data】China's Lithium Product Import and Export Data for 2024: Net Lithium Carbonate Imports at 231,000 mt
According to the China Nonferrous Metals Industry Association Lithium Branch, customs data for 2024 shows the following:
Lithium concentrate imports reached approximately 5.25 million mt, up 31% YoY, mainly sourced from Australia, Brazil, and Zimbabwe;
Net lithium carbonate imports were 231,000 mt, up 55% YoY;
Net lithium hydroxide exports were 113,000 mt, down 11% YoY;
Net exports of lithium nickel cobalt manganese oxide were 10,900 mt, compared to 2,600 mt in 2023, up 319% YoY;
Net imports of lithium nickel cobalt aluminum oxide were 10,300 mt, down 8% YoY;
LFP imports increased to 90 mt from 40 mt in 2023, while LFP exports rose to 3,285 mt from approximately 1,100 mt in 2023. (Source: Battery Hundred People - Battery Network)
【Interaction】Meilian New Materials: Prussian Blue Sodium-Ion Batteries Expected to Launch in H1
On February 20, Meilian New Materials (300586) responded to investor inquiries, stating that the company expects its Prussian Blue sodium-ion batteries to officially launch in H1.
Additionally, Meilian New Materials noted that its subsidiary, Huihong Technology, has completed the construction of 1,000 mt/year capacity for its "5,500 mt/year Prussian Blue Cathode Material Technology Renovation Project." The remaining construction will commence in March as the weather warms.
Meilian New Materials' 2024 performance forecast indicates that the company expects net profit attributable to shareholders to range between 35 million yuan and 52 million yuan, down 55%-70% YoY. (Source: Battery Hundred People - Battery Network)
【Think Tank Insights】Resources and Orders for Ternary Materials Concentrating Among Top-Tier Enterprises
Recently, SMM analysis indicated that in terms of production and supply, the recovery of ternary material orders in March is expected to vary. Orders for 6-series materials appear optimistic, while 5-series and 8-series materials may fall short of pre-holiday expectations. Many enterprises remain in a wait-and-see mode, awaiting downstream order trends by month-end to determine future production plans. Overall, industry concentration is intensifying, with small and medium-sized enterprises experiencing significant order reductions, heightened market competition, and resources and orders increasingly concentrated among top-tier enterprises.
