Guizhou Zhenhua New Materials Co, a company based in the Guiyang National High-tech Industrial Development Zone (Guiyang HIDZ) in Southwest China's Guizhou province, was officially listed on the science and technology innovation board of the Shanghai Stock Exchange on Sept 14.
The company became the second company in Guizhou to be listed on the board. It has been reported that the two companies listed on the board in Guizhou are both based in the Guiyang HIDZ.
Guizhou Zhenhua New Materials Co moved from Shenzhen to the Guiyang HIDZ in 2018 and is mainly engaged in the research and development, production, and sale of lithium-ion battery materials.
It produces lithium cobalt oxide, composite ternary, power ternary, and high manganese polycrystalline series materials.
It has already built a cathode material production line with an annual output of 37,000 metric tons, and its production capacity ranks highly among its domestic counterparts.
In the capital market, the company raised 1.30 billion yuan to invest in a production line with an annual output of 12,000 tons of lithium-ion battery cathode materials and a production line with an annual output of 20,000 tons of lithium-ion power battery ternary materials.
After the fund-raising project is put into production, the production capacity of the company's high nickel and low cobalt primary particle large single-crystal ternary cathode materials will be increased significantly, further reducing costs and increasing efficiency, which will help expand subsequent sales and market share.