What are the listed companies for ternary lithium-ion batteries?

Ternary polymer lithium ion battery refers to a lithium ion battery using lithium nickel cobalt manganate (Li (NiCoMn) O2) ternary cathode material as the cathode material. The precursor product of the ternary composite cathode material is based on nickel salt, cobalt salt, Manganese salt is the raw material, and the ratio of nickel, cobalt and manganese can be adjusted according to actual needs. The battery with ternary material as the positive electrode is safer than lithium cobalt oxide Ternary polymer lithium ion battery , but the voltage is too low for use in mobile phones (the cut-off voltage of mobile phones is generally Around 3.0V) there will be a distinct feeling of insufficient capacity.

At present, more and more electric logistics vehicles use ternary material batteries, which are mainly due to their advantages of high energy density, long cycle life, low cost, and light weight of the entire vehicle. They can effectively handle the "last mile" of urban logistics. "The problem, and this has triggered the trend of electric logistics vehicles from lithium iron phosphate to ternary technology.

The prosperity of the industry is likely to benefit related listed companies, and the core component of the ternary material battery is the ternary cathode material, which accounts for about 40% of the total cost. The current A-share listed companies involved in ternary cathode materials are sorted out as follows:

Dangsheng Technology is a group company focusing on the research and development and processing of new energy materials. It was established in 2001. Since engaging in the lithium battery cathode material business, it has always maintained a good momentum of development and has taken the lead in becoming a domestic exporter of lithium battery cathode materials. , And has established a stable business partnership with the world's top six lithium battery giants, and is one of the leading companies in lithium battery cathode materials in China.
At present, Dangsheng Technology is the only domestic energy company producing NCM622 (nickel, cobalt and manganese) products. Compared with existing products in the industry, the company’s products have a longer cycle life. The product is in short supply and is mainly used in new energy vehicles. Battery category. The company has high-quality lithium battery cathode materials customer resources, covering three regions, China, Japan, and South Korea. Its main customers include Samsung SDI, LG Chem, Sony, BYD and other domestic and foreign first-class lithium battery manufacturers.
In addition, Dangsheng Technology took the lead in developing high-nickel power multi-materials for automobiles in China, becoming one of the only three cathode material companies in the world capable of mass-processing high-nickel multi-materials for automobiles, filling the domestic market. There is a gap in the category of high-nickel multi-materials for automobiles.

Zhonghe was originally a company mainly engaged in the development, processing and sales of medium and high-end cotton casual clothing fabrics, but it has now transformed into new energy businesses such as Ternary  lithium-ion batteries.
Its subsidiary Shenzhen Tianjiao Development Technology Co., Ltd. is one of the leading domestic ternary cathode materials companies. However, due to the impact of the relocation in 2015, Shenzhen Tianjiao's insufficient operating rate led to a decline in performance. At present, the relocation of Shenzhen Tianjiao is in progress. It is planned to build a power battery cathode material nickel cobalt manganese lithium industrialization base in the Lingang Small and Medium Enterprise Park, Guanyun County, Lianyungang City, Jiangsu Province, and build an annual output of 10,000 tons of power lithium battery anodes in two phases. Material processing line, the construction period of the project is 6 months/phase.
In January 2016, Shandong Linyi Jieneng New Energy Materials Co., Ltd., a wholly-owned subsidiary of Zhonghe Stock Co., Ltd., started production of 1,500 tons of ternary cathode materials per year. At the same time, in the first half of 2016, lithium nickel cobalt manganate cathode materials for power batteries in Lianyungang, Jiangsu The industrialization base construction project has completed the first phase of the ternary cathode material NCM (Nickel Cobalt Manganese) (3500 tons/year production capacity), and will be officially put into production in the second half of the year. The second phase of construction will be completed by the end of 2016, and it is expected that a total of 10,000 tons/year of ternary cathode material capacity will be formed in early 2017 (Zhonghe shares hold 70% of Shenzhen Tianjiao, so the planned equity capacity in the future is 8500 tons/year).

GEM is an enterprise that mainly recovers and utilizes waste cobalt and nickel resources, and processes and sells superfine cobalt and nickel powder materials. The company’s main products are superfine cobalt powder, superfine nickel powder, nickel alloy, superfine cobalt powder, and superfine Nickel powder, etc.
Although the company does not currently have any ternary cathode material production capacity, in November 2015 the company launched a series of ternary cathode material projects, including an annual production of 5000 tons of nickel cobalt aluminum (NCA) ternary power battery material precursor raw materials project , The project with an annual output of 10,000 tons of nickel cobalt manganese lithium ternary cathode materials for power batteries and the project with an annual output of 10,000 tons of nickel cobalt manganese (NCM) ternary precursor raw materials.
Although the construction period of the above-mentioned projects is 1 year, 18 months and 2 years, by the end of 2017, the company will formally form a large-scale and relatively complete product system for automotive ternary power battery cathode raw materials and material manufacturing bases in China.
At present, the company has signed a strategic supply agreement for ternary cathode materials for power batteries with Far East Foster New Energy Co., Ltd. The contract involves an amount of approximately 450 million yuan and the contract period is one year; at the same time, it has also signed a contract with Tianjin Gateway Power Industry Co., Ltd. The company has signed a strategic cooperation framework agreement for ternary cathode materials for power batteries. The contract involves an amount of approximately 770 million yuan. The contract period is from 2016 to 2018.
In addition, GEM’s announcement on May 30, 2016 disclosed that its wholly-owned subsidiary Jingmen GEM New Materials Co., Ltd. plans to invest 358 million yuan to build a nickel sulfate processing line with an annual output of 40,000 tons of power battery raw materials. To meet the company's strategic development of nickel-cobalt-manganese (NCM) and nickel-cobalt-aluminum (NCA) materials, raw materials and the needs of the future power battery material market.

At present, the above-mentioned listed companies have performed relatively well. However, considering the future development prospects of the ternary materials industry, the above-mentioned companies are still worthy of investors' long-term attention.

Raw materials:
1. Huayou Cobalt: The company mainly processes cobalt products such as cobalt tetroxide, cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt sulfate, and copper products such as electrowinning copper and blister copper. Cobalt products are mainly used in Ternary polymer lithium ion battery cathode materials, aerospace High-temperature alloys, hard alloys, colored glazes, magnetic materials, rubber adhesives and petrochemical catalysts.
The company is actively following up with the current world's most advanced ternary materials and the relatively leading international customers in this field to implement high-end breakthroughs. It has developed 523, 622, 811, 333 and other types of ternary precursor products, and some products have been realized. Mass production, output, and quality have steadily improved.
The company also owns overseas cobalt mines.

2. Hanrui Cobalt Industry: The company is mainly engaged in the research and development, processing and sales of metal cobalt powder and other cobalt products. It is a high-tech enterprise with independent research and development and innovation capabilities. Its main products contain cobalt powder, electrolytic copper and cobalt concentrate
Leading domestic cobalt powder company

3. Luoyang Molybdenum: announced on the evening of May 15, 2016 that the company intends to acquire 56% of TFM through the acquisition of US$2.65 billion in assets to achieve control of TFM. The TenkeFungurume mine owned by TFM is one of the world’s largest reserves and highest grade copper and cobalt minerals, and it is also the largest foreign investment project in Congo (DRC).

4. GEM: The company has established an electronic waste solution and plastic wood profile recycling plant in Shenzhen, and a 600 acre recycling industrial park in Hubei, which can solve various waste batteries, electronic waste and cobalt nickel waste resources every year. More than 50,000 tons, recycled ultra-fine cobalt-nickel powder, plastic wood profiles and other high-tech products reaching more than 7,000 tons. It is an industrial base for recycling and low-carbon resource utilization of electronic waste, waste batteries and waste cobalt and nickel resources in China. , Created a high-end recycling model of "collection of waste-recycling of products-replacement of imported products-brand-name products in the industry".

At the same time, the company completed the acquisition of Kelec’s equity, improved the cobalt product line, and expanded downstream products to electrowinning cobalt, lithium cobalt oxide, lithium nickel cobalt manganate, etc., to open up the cycle of waste batteries, scrap battery materials to new energy Ternary polymer lithium ion battery materials manufacturing Industry chain. The company's high-performance nickel-cobalt-manganese ternary battery material project for power batteries will build a processing base with an annual output of 5,000 tons of nickel-cobalt-manganese ternary power battery materials and 2,000 tons of battery-grade spherical cobalt hydroxide and its supporting measures.

positive electrode:
1. Dangsheng Technology: Positive Lead. The company's main business belongs to the category of new energy materials. The main business scope includes the research and development, processing and sales of lithium cobalt oxide, multi-materials and lithium manganate and other small lithium battery and power lithium battery cathode materials. It is a leading professional supplier of lithium battery cathode materials in China. business
The company disclosed on the exchange's interactive platform that the company has developed a variety of lithium battery cathode materials suitable for power vehicles, which are currently being detected at customers. The company currently has two power-type multi-materials to achieve batch processing and apply to power tools

2. Shanshan Co., Ltd.: As the largest comprehensive supplier of lithium battery materials in my country, the company has formed a mature and complete lithium battery material product system, with product categories overturning lithium-ion battery cathode materials, cathode material precursors, anode materials and electrolyte products .
In terms of capacity improvement, Shanshan Energy's annual output of 5,000 tons of ternary precursors and 5,000 tons of ternary materials in Shizuishan City, Ningxia has been completed and put into production. The production line is positioned as a first-line Ternary polymer lithium ion battery manufacturer at home and abroad, with a high level of automation and advanced and stable technology.
Shanshan Energy has a total production capacity of 33,000 tons, making it the world's largest cathode material processor

3. Xiamen Tungsten: The company is involved in the processing, sales and research and development of other new energy materials such as lithium-ion battery materials. The company actively develops the energy and new material industry including rare earths. The company has become a key enterprise in the domestic battery material industry, with 5,000 tons of hydrogen storage alloy powder and 6,000 tons of various lithium ion cathode materials production capacity. The production and sales volume of battery materials has ranked among the top three in China. It has ranked first in China for many consecutive years; in December 2016, the company’s wholly-owned subsidiary Xia Tungsten New Energy and Mindong Power jointly established Ningde Xia Tungsten New Energy Materials Co., Ltd. to jointly invest in the construction of a lithium-ion battery with an annual output of 20,000 tons. The meta-material processing line mainly processes and sells high-nickel ternary materials. The registered capital of the joint venture is 1.3 billion yuan, and Xiamen Tungsten New Energy invested 910 million yuan, accounting for 70%.

4. Keheng shares: In 16 years, the company’s new product lithium battery cathode material 532 ternary material achieved a breakthrough during the reporting period and achieved mass production; 622 ternary material completed some customer certifications, laying the foundation for the company’s cathode material products to enter the new energy automotive industry chain A good foundation has been established; the wholly-owned subsidiary Haoneng Technology’s new product double-layer high-speed continuous extrusion coating machine, high-speed continuous rolling machine, high-speed continuous slitting machine, etc. have entered the stage of comprehensive replacement of old equipment.

Lithium-ion battery separator:
1. Fosu Technology: Diaphragm faucet
Jinhui Company, which holds 32.13% of the company's shares, has a processing capacity of 12 million square meters per year for ion dialysis microporous films for lithium-ion batteries. As one of the undertaking units of the National 863 New Energy Vehicle Project, Jinhui Company’s main task is to upgrade cell phone battery separators to automobile battery separators. In October 2009, Jinhui Company invested a total of 105 million yuan to expand the lithium battery diaphragm project. It is expected to increase the processing capacity of lithium battery diaphragms by 45 million square meters (approximately 542 tons). The profit is 62.5 million yuan. In March 2011, Jinhui Company invested 127 million yuan to build the third-phase lithium battery separator project. As of the end of 2013, the second phase of the lithium battery separator project has been put into production. In December 2012, Jinhui Company invested RMB 58.273 million in supporting the second and third phases of the lithium-ion battery separator project. In 2013, Jinhui's operating income was 143 million yuan, and its net profit was 29,951,200 yuan.

3 yuan battery pack/cell:

1. Guoxuan Hi-Tech: Guoxuan Hi-Tech is one of the earliest domestic enterprises engaged in the independent research and development, processing and sales of lithium-ion power batteries (groups) for new energy vehicles; an announcement was made on the evening of March 20, 2017, and the subsidiary and the people of Lujiang County The government signed a 3GWH (approximately 1 billion AH) 32131 cylindrical Ternary polymer lithium ion battery project with a total investment of 2 billion yuan. The first phase of the project plans to build a 1GWH battery project with an investment of 1 billion yuan. It is planned to start construction on the main project in June 2017 and strive to end 2017 Completed and put into production.
The company's production capacity has been steadily increased, achieving battery pack processing volume of 635.71 million Ah, an increase of 95.33% year-on-year; optimizing the product structure, completing the construction of Hefei and Qingdao VDA standard ternary battery production lines, and smoothly putting them into production; in response to the rapid development of market demand , The company has started the construction of Tangshan Company, and the new production line is expected to be put into operation in 2017. During the reporting period, the company promoted lean processing. The lithium iron phosphate battery cell processing line realized module segment automation, the VDA standard ternary battery production line realized full-line automatic processing, and the pACK processing line realized a high degree of automation, which improved processing efficiency and reduced processing costs.

Since 2017, the company has begun to supply ternary batteries to BAIC New Energy in batches.

According to this procurement contract, Hefei Guoxuan will deliver 50,000 sets of power battery packs to BAIC New Energy in batches (according to the actual monthly orders). Because the contract adopts the delivery method in batches, the delivery period is full. In 2017, the company is expected to have a positive impact on 2017 operating results.
It is worth mentioning that in March this year, the company also received hundreds of millions of orders from Zhongtong Bus. On March 2, the company disclosed that Zhongtong Bus intends to purchase pure electric bus battery systems from Hefei Guoxuan. The content and quantity of the purchase is 5,700 sets of power battery packs, and the contract amount is RMB 1,328,537,600. The delivery date of this supply contract is also in 2017, which will have a positive impact on the company's 2017 performance.

2. Aoyang Shunchang: In April 2016, the company plans to acquire a 40% equity interest in Jiangsu Luwei for 600 million yuan in cash (corresponding to a capital contribution of 12 million U.S. dollars). At the same time as the acquisition, the company will purchase 200 million yuan in cash for Jiangsu Luwei. Make a unilateral capital increase, of which US$4 million is included in the registered capital of Jiangsu Luwei, and the balance is included in the capital reserve. After the completion of the above acquisition and capital increase, Jiangsu Lvwei’s registered capital is 34 million U.S. dollars. The company, Hong Kong Lvwei and Suzhou Yipengyuan hold 47.06%, 35.29%, and 17.65% of Jiangsu Lvwei’s equity, respectively. Jiangsu Lvwei becomes the company’s Holding subsidiary. Jiangsu Lvwei is the earliest domestic enterprise that selected the ternary system for lithium batteries for power tools. It has nearly 10 years of R&D and manufacturing experience in the field of ternary material power cylindrical batteries, and has established an independent and complete lithium battery. Ion battery production, assembly, and chemical conversion workshops have large-scale cylindrical Ternary polymer lithium ion battery processing capabilities. The focus of future product development is lithium batteries (modules) for electric vehicles.

3. Yiwei Lithium Energy: In the noon announcement on July 4, 2016, the company's subsidiary Jinquan Company and the Jingmen High-tech Zone Management Committee signed a contract for the investment and construction of the power lithium-ion battery project. The total investment of the project is 2.518 billion yuan. The project will be constructed in phases. The company said that after the project is completed, it can achieve an annual output value of 3.45 billion yuan; in December 2016, it announced that the company intends to acquire the entire equity of Wuhan Fuant Technology Co., Ltd. for no more than 150 million yuan. Fuante is a professional manufacturer of lithium primary batteries, with an annual output of 80 million lithium-ion batteries; it announced on the evening of January 8, 2017 that the company signed a strategic cooperation agreement with Nanjing Jinlong Bus Manufacturing Co., Ltd. on the 7th 》, as a power battery processing company, the company is responsible for the development and processing of power battery products required by Nanjing Jinlong. It is estimated that Nanjing Jinlong will purchase power batteries from the company for 1 billion yuan in 2017. The agreement is valid until December 31, 2018. end. Reporting period of 16 years: The 2.5GWh cylindrical ternary battery production line entered the installation and commissioning stage, and the construction of the 1.0GWh soft-pack ternary battery plant was basically completed; many products passed the mandatory inspection and received the mandatory inspection report, reaching 1.2 times the subsidy Requirements: From the beginning of the year to the disclosure date of this report, a total of 33 new energy vehicles equipped with the company's power battery and power system were selected into the "Recommended Models for the Promotion of New Energy Vehicles", laying a certain foundation for the subsequent release of production capacity

4. Smart Energy: On the evening of July 30, 2015, the company announced that it plans to acquire 100% of Foster Group's equity at a price of 1.2 billion yuan, of which 420 million yuan will be paid in cash, accounting for 35% of the transaction price; payment will be made by issuing shares At 65% of the consideration, a total of 51.485 million shares were issued. Founded in 2009, Foster Group is a high-tech enterprise specializing in the research and development, processing and sales of lithium batteries. It is the largest sales enterprise of cylindrical lithium battery processing enterprises in China. It mainly processes 18650 cylindrical lithium ion batteries. Batteries are widely used in new energy vehicles, solar energy storage power supplies, wind energy storage power supplies, base station energy storage power supplies, notebook computers, mobile power supplies and other fields, new energy vehicle power systems and energy storage equipment, with operating income of 1.011 billion yuan. The company focuses on the deployment of system processing solutions in the field of new energy vehicles. It has increased its capital by 250 million yuan in its subsidiary Far East Foster twice. The company's three-yuan 18650 lithium-ion battery production capacity is 270 million units/year, an increase of 40% year-on-year. The battery pack production capacity is expected in 2017. Expand more than 100,000 groups and maintain the leading position in the industry. Far East Foster was selected into the "Automotive Power Battery Industry Standards and Conditions" catalog of the Ministry of Industry and Information Technology, obtained the access qualifications for new energy vehicle manufacturers, and actively expanded the strategic cooperation with first-line car companies. Far East Foster continued to improve the technological innovation capabilities of the new energy vehicle power system and energy storage industry, and completed the upgrading and transformation of battery cell plants and equipment. The production, education and research cooperation of scientific research institutes has improved product performance. The energy density of a single battery cell reaches 200Wh/kg, which is at the leading level in the industry. It is actively promoting the research and industrialization of 3G watt-hour high-energy density power storage lithium-ion batteries. , To seize the opportunity of rapid development of the industry and consolidate its leading position in the market segment of Sanyuan 18650 lithium-ion battery.

5. Changxin Technology: In March 2017, the company plans to increase RMB 13.60 per share with a fixed increase of 283.75 million shares in cash of RMB 2.891 billion (totaling RMB 6.75 billion) to acquire 75% of BAK Power’s equity. At the same time, the company plans to raise no more than 1.756 billion. Yuan matching funds. After the completion of the acquisition, the company holds 84% ​​of BAK Power’s equity. BAK Power is a national high-tech enterprise dedicated to R&D, processing and sales of ternary material lithium batteries. Its main products are ternary material lithium battery monomer and battery module products, which are mainly used in new energy vehicles and take into account the 3C category. Product market and energy storage category.

6. Multi-fluorine: The company's ternary lithium-ion battery has a capacity of 100 million Ah, and Jiaozuo New Energy's 300 million Ah power lithium-ion battery can be completed and put into production in the second half of this year, and a 400 million Ah capacity will be formed before the end of this year. In addition, the 1.5Gwh power battery project with an annual output has started construction and is expected to be put into production before the end of next year. In 2016, the lithium-ion battery business experienced a decline, down 1.63% year-on-year, and shipments exceeded 0.17Gwh. The downstream customers were mainly Xin Dayang Zhidou. The company's lithium-ion batteries mainly use new energy passenger vehicles of Class 2A00. This is the new energy vehicle model with the most growth potential in 2017. This year, the company's ternary lithium battery shipments are expected to increase significantly.

In addition to the above companies, there are many excellent corporate brands in China. Shenzhen CSIP Technology Co., Ltd. has more than 20 years of R&D team support and focuses on the research and development of  ternary lithium polymer batteries. The company is now constantly developing, and the product quality and after-sales service have won customers’ approval. affim.