Cobalt is a kind of material that is very scarce at present. Its characteristic is that it does not participate in electrochemical reactions, and cobalt-free batteries can reduce the volume change of crystals during charging and discharging, thereby stabilizing the structure of the battery and improving the life of the battery, which ensures the safety of the battery during charging, which makes the cobalt-free battery a popular battery.
China's cobalt-free batteries have developed rapidly in recent years. This top 10 cobalt free battery companies in China article will list the following companies: Vision, Gotion High Tech, OptimumNano, Sunwoda, Tinci, Xiangtan, GEM, Hezong, Fengyuan, Annada.
Top 10 cobalt free battery companies in China
|Total market value||6.839 billion RMB|
VISION is one of the top 10 cobalt-free battery companies to realize cooperation in the entire industrial chain of the fuel cell industry, and has realized hydrogen production, hydrogen energy storage, hydrogen refueling stations, fuel cell stacks, engines, key components, and complete vehicle operations in the hydrogen energy industry chain. It is one of top 10 cobalt free battery companies in China.
Its business scope involves: localization of fuel cell engines and core components, industrial application demonstration and hydrogen infrastructure construction. VISION has rich experience in the demonstration operation of fuel cell buses, sanitation vehicles, logistics vehicles, heavy trucks, etc., and also has many models and demonstration cases in sanitation vehicles.
The power of VISION fuel cell products covers 52-130kW, and has provided more than 60 fuel cell vehicle models for more than 10 well-known Chinese vehicle companies, including Yutong, Zhongtong, Sunlong, Dongfeng, CRRC, and Fulongma.
② Gotion High Tech
|Total market value||53.615 billion RMB|
Gotion High Tech has business segments such as new energy vehicle power lithium batteries, energy storage, power transmission and distribution equipment. Its main products are lithium iron phosphate materials and cells, ternary materials and batteries system packy, power and energy storage battery packs. Its products are widely used in the field of new energy vehicles such as pure electric passenger vehicles and commercial vehicles.
At the same time, it provides system solutions for energy storage power stations, communication base stations, etc. The company's patented technologies mainly cover the four main materials of the battery, the structure design of the battery, the processing technology and equipment of the bat, BMS, PACK, testing and evaluation, dismantling and lithium battey recycling, and energy storage. It has also developed rapidly in the field of solid-state batteries and has become one of the top 10 cobalt free battery companies in China.
Gotion High Tech has obtained the official mass production of Volkswagen standard batteries. The related products will be used on the customer's largest new energy platform to support Volkswagen's next-generation mass-produced new energy vehicles. It is expected to be loaded in the first half of 2024.
|Registered capital||50 millIion RMB|
OptimumNano mainly produces lithium iron phosphate series lithium batteries, battery management systems (BMS), power batteries and energy storage battery packs. Its products are widely used in electric vehicles, hybrid vehicles, new energy ships, energy storage and other fields. The Inner Mongolia production base currently in mass production has China's advanced fourth-generation fully automated cylindrical cell production line. It is one of top 10 cobalt free battery companies in China.
OptimumNano has established a northwest production base in Sanmenxia City. The first phase is to build a 2GWh power battery project in the urban-rural integration demonstration zone of Sanmenxia City, with an investment of 1.2 billion RMB.
|Total market value||40.433 billion RMB|
Sunwoda is a worldwide leader in the field of lithium-ion batteries. It has formed six industrial clusters including 3C consumer batteries, intelligent hardware, electric vehicle batteries, energy technology, intelligent manufacturing and industrial Internet, and third-party testing is committed to providing more green, fast and efficient new energy integration solutions for the society. At present, the company has established 11 production bases in China, and has successfully set up technical centers and customer service centers in Los Angeles, Israel Tel Aviv, , Germany and other regions. Meanwhile, Sunwoda is one of top 10 cobalt free battery companies in China.
Sunwoda's smart manufacturing green low-carbon industrial park project with a total investment of about 3 billion RMB has settled down. The project includes the production base of electric energy storage system (lithium battery PACK production line and energy storage system assembly integration test), shared energy storage, digital energy research institute, etc.
|Total market value||86.526 billion RMB|
TINCI has been committed to the research and development, production and sales of new fine chemical materials. At present, it has two major business sectors: lithium-ion battery materials, daily chemical materials and special chemicals. It pro has independent intellectual rights and is a national high-tech enterprise.
The company has a national enterprise technology center. It is the Engineering Laboratory of Power Lithium Battery Electrolyte Materials in Guangdong Province, and the Engineering Technology R&D Center of the Ministry of Education for Electrochemical Storage Material Energ and Technology. In 2022, TINCI will achieve an operating income of about RMB 3.3 billion, a year-on-year increase of about 260%. TINCI is one of top 10 cobalt free battery companies in China.
TINCI's annual output of 200,000 tons of electrolyte and 100,000 tons of battery recycling projects started.
|Total market value||8.97 billion RMB|
Xiangtan is the largest producer of electrolytic manganese dioxide in China. Xiangtan's products are divided into five categories: carbon zinc battery grade, mercury-free alkaline manganese battery grade, primary lithium manganese battery grade, lithium manganate grade per form. The company has been focusing on the development of the battery material industry since its establishment. Its electrostatic manganese dioxide products have a high reputation in the world market and firmly occupy the leading position in the industry. It is one of the top 10 cobalt free battery companies in China.
In recent years, Xiangtan has continued to stabilize its leading position in the industry through scale expansion and technology upgrades, and will continue to refine and strengthen the electrolytic manganese dioxide industry in the future.
|Total market value||39.493 billion RMB|
GEM is a leading company in China's renewable resources industry and e-waste recycling industry. The company is engaged in the new energy business with ternary precursors, cobalt tetraoxide and power battery recycling as the main body. It has a whole industrial chain of waste recycling - chemical raw material recycling - comprehensive treatment of various wastes.
The company also recycles used batteries (other than lead-acid batteries), which account for more than 10% of the total scrap in China. Its recycled tungsten resources account for more than 5% of China's raw tungsten mining. The subsidiary company GEM ( Jingmen) High-Purity Chemical Materials plans to build a project with an annual output of 100,000 tons of battery-grade high-purity nickel-cobalt salt crystals (nickel sulfate, cobalt sulfate and cobalt chloride crystals). Therefore, it is also one of top 10 cobalt free battery companies in China.
GEM will supply 700,000 tons of high-nickel precursor materials (NCA&NCM) for power batteries to ECOPRO BM from 2023 to 2026.
|Total market value||5.564 billion RMB|
Hezong is mainly engaged in the manufacture of power distribution and control equipment and related technical services, research and development, manufacturing and sales of lithium battery cathode material precursors. It is the leading enterprise of iron phosphate material, which is the precursor of lithium battery cathode material, and is currently the largest manufacturer of iron phosphate used in power batteries in China.
In addition, the battery-grade iron phosphate smart factory project in Yibin Base, which is being built by the company's holding subsidiary, is divided into two phases, each with a capacity of 50,000 tons per year. If the first phase of the project goes well, it will be completed and put into operation in June 2022. After the overall production of the project is completed, the production capacity of iron phosphate will be greatly increased to 160,000 tons/year. Hezong is one of top 10 cobalt free battery companies in China.
Hezong invested in the construction of a new energy lithium battery cathode material industrial base in Yifeng, Jiangxi.
|Total market value||879.4 million RMB|
Fengyuan is a lithium battery cathode material enterprise. The company is mainly engaged in oxalic acid business and lithium battery cathode material business. The company's products mainly include industrial oxalic acid, refined oxalic acid and oxalic acid derivatives, lithium iron oxide and ternary materials (NCM). At present, it is implementing a 25,000-ton lithium battery cathode material project with a total investment of 1.2 billion RMB. The projects consist of an annual output of 10,000 tons of lithium iron phosphate project, a 5,000-ton lithium battery ternary cathode material project and a 10,000-ton high nickel ternary cathode material project. It is one of the top 10 cobalt free battery companies in China.
At present, the production capacity of Fengyuan lithium battery cathode materials is expected to reach 140,000 tons, including 125,000 tons of lithium iron phosphate and 15,000 tons of ternary materials.
|Total market value||2.989 billion RMB|
Annada is engaged in the R&D, production and sales of battery grade iron phosphate. At present, the company has a production capacity of 100,000 tons/year of sulfuric acid titanium dioxide, 50,000 tons/year of iron phosphate, and 5,000 tons/year of lithium iron phosphate precursor. The products cover nearly ten varieties of titanium dioxide and iron phosphate. Annada is one of top 10 cobalt free battery companies in China.
Annada's 50,000-ton/year high-pressure compacted lithium iron phosphate project was completed and put into operation.