Ronbay Technology Explained
| Ronbay Technology |
| Native Name: | 容百科技 |
| Native Name Lang: | zh |
| Industry: | Lithium-ion batteries |
| Founded: | in Zunyi, China |
| Revenue: | CNY 2.1 billion |
| Revenue Year: | 2023 |
| Num Employees: | 4380 |
| Num Employees Year: | 2024 |
Ningbo Ronbay New Energy Technology Co Ltd, usually known as Ronbay Technology, is a Chinese company and one of the world's biggest manufacturers of cathode active material for lithium-ion batteries.[1]
Ronbay was founded on September 18, 2014[2] [3] in Zunyi[4] by Bai Houshan and Liu Xianglie.[5] The company listed on the Shanghai Stock Exchange STAR Market on July 22, 2019, the market's first day of operation.[6] As of 2023, the company had a 30% market share in lithium nickel manganese cobalt oxides (NMC) with high nickel contents, which are widely used in electric vehicles.
Ronbay's main production sites are in Ezhou, Xiantao and Zunyi in China, as well as in Chungju, South Korea.[7] In 2022, the company began building further production sites in South Korea to circumvent U.S. trade restrictions put in place by the Inflation Reduction Act.[8] [9] It also announced plans to expand into Indonesia[10] and Poland.[11]
In 2024, LG Chem sued Ronbay's South Korean subsidiary, Jaesae Neungwon, alleging it had infringed on five of LG Chem's patents for NMC materials.[12]
References
- News: Li . Gloria . White . Edward . Buseong . Kang . 2023-05-30 . The billionaire whose electrode empire powers China's EV dominance . 2024-11-09 . Financial Times.
- Web site: Ronbay Technology Briefing . 2024-11-09 . Equal Ocean.
- Web site: Ningbo Ronbay New Energy Technology Co Ltd . 2024-11-09 . Financial Times.
- Web site: China's Ronbay Starts Building Battery Material Plant - World-Energy . 2024-11-09 . www.world-energy.org.
- Ronbay Announces its Global Development Strategy to Implement a Project of 40,000-Ton-per-annum High-nickel Ternary Cathode and 20,000-Ton-per-annum Lithium Ferromanganese Phosphate in Korea . 2024-11-09 . www.prnewswire.com . en.
- News: Lockett . Hudson . 2019-07-19 . 'China's Nasdaq': Shanghai's new tech trading venue explained . 2024-11-09 . Financial Times.
- Web site: 2023-06-07 . Ronbay Technology and EVE Establish Strategic Partnership . 2024-11-09 . www.energytrend.com.
- News: Li . Gloria . Davies . Christian . White . Edward . Jung-a . Song . 2023-08-22 . China's cathode billionaire targets US battery market via South Korea IPO . 2024-11-09 . Financial Times.
- News: 2023-07-30 . Chinese Firms Are Seeking Korean Partners to Skirt US EV Rules . 2024-11-09 . Bloomberg . en.
- Web site: 容百科技发布全球化战略规划：在中韩欧美全球多地布局生产基地 . 2024-11-09 . 经济观察网 . Chinese.
- Web site: 2024-10-25 . Ningbo Ronbay to enter cathode production in Europe with Polish factory . 2024-11-09 . Benchmark Source . en.
- Web site: Jae-hyuk . Park . 2024-10-23 . LG Chem files patent suit against China's Ronbay . 2024-11-09 . . en.
