格隆汇12月17日丨龙蟠科技(603906.SH)在互动平台表示，公司目前已发布高镍三元前驱体产品，可解 决固态电池正极材料高温分解和界面失效问题。公司的高镍三元前驱体已得到头部电池厂的认证，产品 性能获得高度认可。目前公司的子公司三金锂电的低空用固态电池材料也获得苏州低空大会授牌认证， 助力低空飞行。 ...

Core Viewpoint - The company, Greeenmei, ranks second globally in the supply of ternary precursor materials, with its high-nickel ternary precursor materials for high-end models leading the market in shipment volume [2] Group 1 - According to Frost & Sullivan data, Greeenmei's global supply volume in the ternary precursor field is ranked second [2] - The company’s shipment volume of high-nickel ternary precursor materials for high-end models, specifically the 8 series and 9 series, is the highest in the global market [2] - In 2024, Greeenmei is projected to ship 126,600 tons of high-nickel ternary precursors, capturing a market share of 37.4% [2]

Core Viewpoint - The article highlights the recent developments of Zhongwei Co., Ltd. in the lithium battery materials sector, particularly its upcoming IPO in Hong Kong and its leading position in the market for lithium battery precursors. Company Developments - Zhongwei Co., Ltd. has recently passed the listing hearing for its IPO on the Hong Kong Stock Exchange, with Huatai International and Morgan Stanley serving as joint sponsors [3] - The company focuses on the research, development, production, and sales of new energy battery materials, primarily positive electrode active material precursors (pCAM), and holds a significant market share in this sector [3] Market Position - According to SPIR statistics, in the first three quarters of 2025, China's lithium battery ternary precursor shipment reached approximately 669,000 tons, with Zhongwei Co., Ltd. maintaining the top position and covering major clients such as Tesla, LG Energy, Samsung SDI, Panasonic, CATL, and BYD [4] Financial Performance - In the first three quarters of this year, Zhongwei Co., Ltd. achieved total revenue of 33.297 billion yuan, a year-on-year increase of 10.39%, while the net profit attributable to shareholders decreased by 15.94% to 1.113 billion yuan [6][7] - The third quarter alone saw revenue of 11.975 billion yuan, reflecting an 18.84% year-on-year growth, with a slight decline of 0.97% in net profit attributable to shareholders [6][7] Technological Advancements - The company is focusing on solid-state batteries, sodium batteries, and high-end products, with significant developments reported during the reporting period [8] - In the solid-state battery materials sector, Zhongwei Co., Ltd. is collaborating with leading battery companies to develop high-nickel ternary precursors, currently in large-scale pilot testing [8] - In the sodium battery materials field, partnerships with top battery and precursor companies are aimed at advancing layered oxide material research [9] Global Expansion - Zhongwei Co., Ltd. has established four production bases in China, three in Indonesia, and one in Morocco, with plans for additional bases in Indonesia and South Korea, indicating a rapidly forming global manufacturing system with significant localization advantages [11]

Core Viewpoint - Jiangsu Weilan Lithium Chip Group Co., Ltd. announced an investment of $20 million to acquire a 5.95% stake in PT INDONESIA QINGMEI ENERGY MATERIALS, aiming to deepen cooperation with Greeenmei and ensure diverse overseas raw material supply [2][5] Group 1: Investment Details - The investment will increase the registered capital of the target company to $33.59594 million, diversifying its shareholding structure [4] - Prior to the investment, GEM Jiangsu held 99.10% of the target company, while NEW HORIZON held 0.90% [4] - After the investment, the shareholding will be: Eternal Oasis 32.52%, GEM Jiangsu 29.32%, MDK 11.16%, BDH 8.93%, and Weilan Lithium Chip 5.95% [4] Group 2: Company Background - GEM Jiangsu, established in December 2003, has a registered capital of 619 million yuan and projected 2024 revenue of 4.632 billion yuan with a net profit of 188 million yuan [3] - NEW HORIZON, founded in July 2018, has a registered capital of $1 and is expected to generate 2024 revenue of $552 million with a net profit of $178 million [3] - The target company, established in November 2023, has total assets of 3.789 billion yuan and net assets of 723 million yuan as of June 30, 2025 [3] Group 3: Strategic Importance - The investment is part of a strategic partnership with Greeenmei, a key supplier of lithium battery materials, enhancing the company's overseas raw material supply diversity [5] - The target company has established production lines for nickel sulfate crystals and high-nickel ternary precursors, contributing to the downstream nickel resource industry chain [4]

Core Viewpoint - The article discusses the strategic partnership between Greenme and Blue Lithium Chip in Indonesia, focusing on their investment in the nickel market and the development of solid-state battery technology, which aims to enhance supply chain stability and address global trade challenges [3][5][6]. Group 1: Investment and Expansion - Greenme announced an equity expansion in its subsidiary, Indonesia Qingmei, with Blue Lithium Chip investing $20 million (approximately 140 million RMB) for a 5.95% stake [3]. - The partnership aims to leverage Indonesia's rich nickel resources to meet the nickel demand in the US and European markets, effectively mitigating trade barriers [5][6]. - Greenme has been operating in Indonesia for seven years, with significant milestones including the first shipment of 1,200 tons of metal nickel in January 2023 and the establishment of a joint venture for ESG compliance [5]. Group 2: Product and Market Dynamics - Indonesia Qingmei's main products include high-nickel ternary precursors with an annual production capacity of 50,000 tons, along with 20,000 tons of nickel sulfate crystals and 3,600 tons of cobalt sulfate crystals [4]. - The nickel market is expected to see sustained price increases due to Indonesia's control over the largest nickel resources globally and upcoming regulatory changes that may tighten supply [7][8]. - The demand for high-purity nickel is anticipated to grow, particularly in the military sector and for high-nickel ternary materials used in solid-state batteries [8]. Group 3: Technological Collaboration - Greenme and Blue Lithium Chip are collaborating on the development of ultra-high energy density cathode materials and battery technologies, aiming for breakthroughs within a year and commercialization of solid-state batteries with over 400Wh/kg energy density within three years [6]. - The collaboration addresses key technical challenges in battery performance, including ion transport efficiency and structural stability [6].

Group 1 - The company has signed a strategic cooperation agreement with Suzhou Nengsida Electronic Technology Co., Ltd. and its affiliated company Guangdong Chiperson Technology Co., Ltd. to enhance collaboration in the field of robotic materials [2] - The collaboration will focus on the research and market development of key components required for humanoid robots, such as electronic muscles, electronic skin, and joints [2] - The company has already laid out core materials for solid-state batteries, including single-walled carbon nanotubes, high-nickel ternary precursors, lithium-rich manganese-based precursors, silicon-based anodes, solid electrolytes, and metallic lithium anodes, which have broad application prospects in the humanoid robot sector [2]

Core Viewpoint - The strategic cooperation agreement between Grinm and Blue Lithium aims to achieve breakthroughs in ultra-high energy density battery technology within one year and promote all-solid-state batteries with energy densities exceeding 400Wh/kg within three years [1][2]. Group 1: Strategic Cooperation - Grinm and Blue Lithium have a history of collaboration dating back to 2017, with Grinm being a major supplier of nickel-cobalt-manganese lithium battery materials to Blue Lithium [1]. - The partnership focuses on developing high-performance battery materials, leveraging Grinm's advanced technologies to enhance battery efficiency and performance [2]. Group 2: Technological Advancements - Grinm has anticipated the core development direction of solid-state battery cathode materials, focusing on high nickel and composite materials since 2019 [2]. - The company has developed nano-level protective film technology that reduces interfacial impedance between solid-state battery cathodes and electrolytes by 20%, improving charge and discharge efficiency [2]. Group 3: Market Position and Future Prospects - Grinm is positioned as the largest supplier of high-nickel ternary precursors globally, with a complete industrial chain from resource extraction to cathode material supply [2]. - The collaboration is expected to enhance both companies' market shares and profitability while addressing critical issues in solid-state batteries, such as cost, cycle life, and safety [2].

Core Viewpoint - The article discusses the advancements and challenges faced by Chinese lithium battery material companies in Finland, highlighting the strategic importance of the region for the European market and the complexities involved in project execution [3][6][7]. Group 1: Industry Developments - The 2025 High-Performance Sodium Battery Industry Summit and the 2025 High-Performance Solid-State Battery Technology and Application Summit are scheduled for June 9 and June 10, respectively, in Suzhou, China [2][3]. - A new lithium battery cathode material project by Dangsheng Technology (Finland) has commenced, with a total investment of approximately €800 million (around 6.537 billion RMB), aiming for an initial production capacity of 60,000 tons/year of NCM [4]. - Sanyuan Technology plans to establish a lithium-ion battery anode material integrated project in Finland, with a projected annual capacity of 100,000 tons, divided into two phases [5]. Group 2: Regional Advantages - Finland's geographical proximity to the Baltic Sea facilitates easy access to European markets, enhancing logistics for raw materials and products [6]. - The country possesses abundant resources necessary for lithium battery production, including nickel, cobalt, and lithium, along with a stable supply of graphite materials from its forestry industry [6]. - Finland's renewable energy resources, such as hydropower and biomass, contribute to lower energy costs, making it an attractive location for energy-intensive lithium battery production [6]. Group 3: Challenges and Uncertainties - The construction cycle for lithium battery projects in Europe is notably longer, with Dangsheng Technology's project planning initiated six years ago and Sanyuan Technology's projects requiring two years for each phase [6]. - The international market's volatility and changing geopolitical landscape have introduced uncertainties for Chinese companies operating in Finland, exemplified by Zhongwei Co.'s decision to shelve its high-nickel ternary precursor production project after four years of planning [7].