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Ningbo Ronbay Lithium Battery Material Co., Ltd. makes ternary cathode materials for lithium batteries used in electric vehicles.
Based in Ningbo, China and established in 2014, Ningbo Ronbay Lithium Battery Material Co., Ltd. develops and manufactures lithium nickel cobalt manganese oxide cathode materials, including NCM333, NCM523, NCM622 and NCM811, mainly for electric and hybrid vehicles. The company was listed on the Shanghai Stock Exchange Sci-Tech Innovation Board in 2019. In September 2023, a group of investors including Guotai Junan Securities, CITIC Securities and Morgan Stanley Private Equity Asia invested CNY 1.334 billion. Its 2022 revenue was 30.12 billion and net income was 1.37 billion.
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