Ronbay Technology

Ronbay Technology
Native name
容百科技
IndustryLithium-ion batteries
FoundedSeptember 18, 2014; 10 years ago (2014-09-18) in Zunyi, China
Founder
  • Bai Houshan
  • Liu Xianglie
RevenueCNY 2.1 billion (2023)
Number of employees
4380 (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.[1]

Ronbay's main production sites are in Ezhou, Xiantao and Zunyi in China, as well as in Chungju, South Korea.[4][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]

  1. ^ a b Li, Gloria; White, Edward; Buseong, Kang (2023-05-30). "The billionaire whose electrode empire powers China's EV dominance". Financial Times. Retrieved 2024-11-09.
  2. ^ "Ronbay Technology | Briefing". Equal Ocean. Retrieved 2024-11-09.
  3. ^ "Ningbo Ronbay New Energy Technology Co Ltd". Financial Times. Retrieved 2024-11-09.
  4. ^ a b "China's Ronbay Starts Building Battery Material Plant - World-Energy". www.world-energy.org. Retrieved 2024-11-09.
  5. ^ "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". www.prnewswire.com. Retrieved 2024-11-09.
  6. ^ Lockett, Hudson (2019-07-19). "'China's Nasdaq': Shanghai's new tech trading venue explained". Financial Times. Retrieved 2024-11-09.
  7. ^ "Ronbay Technology and EVE Establish Strategic Partnership". www.energytrend.com. 2023-06-07. Retrieved 2024-11-09.
  8. ^ Li, Gloria; Davies, Christian; White, Edward; Jung-a, Song (2023-08-22). "China's cathode billionaire targets US battery market via South Korea IPO". Financial Times. Retrieved 2024-11-09.
  9. ^ "Chinese Firms Are Seeking Korean Partners to Skirt US EV Rules". Bloomberg. 2023-07-30. Retrieved 2024-11-09.
  10. ^ "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". 经济观察网 (in Chinese). Retrieved 2024-11-09.
  11. ^ "Ningbo Ronbay to enter cathode production in Europe with Polish factory". Benchmark Source. 2024-10-25. Retrieved 2024-11-09.
  12. ^ Jae-hyuk, Park (2024-10-23). "LG Chem files patent suit against China's Ronbay". The Korea Times. Retrieved 2024-11-09.