Top 10 Rankings on EV Battery Manufacturers and Battery Material Suppliers in China – Part 3

China is one of the most important markets for new energy vehicles. This is the Part 3 of the report on 2015 Top 10 Lists on electric car (EV) lithium-ion battery (LIB) manufacturers and cathode material, anode material, electrolyte and separator suppliers in China, released by CCID Consulting and (Please also see Part 1 and Part 2)

Electrolyte Suppliers

China produced more than half of the electrolyte in the world in recent years (for example, the percentage was 51.7% in 2012). In 2014, 42 thousand tons were sold. The production was estimated at over 50 thousand tons in 2015.

  1. Capchem

Current production capacity is 10 thousand tons/year. Planned total capacity will be 45 thousand tons/year. Revenue in the first half of 2015 is $26.2 million (or 0.17 billion yuan), increased by 18.39% as compared with the same period in 2014. The customers include Samsung, Panasonic, Sony, Lishen, BYD, BAK and Coslight. The company sells chemicals for capacitors as well. In 2014, R&D expenses were 4.61% of the revenue.

  1. Tinci

Current production capacity is 12 thousand tons/year (including 5 thousand tons at Kaixin, acquired in 2014). Revenue in the first half of 2015 is $11.6 million (or 75 million yuan). Tinci supplies electrolyte products to customers such as Guoxuan, Wanxiang A123, Coslight, BYD and Sony. 5.1% of the revenue from the first half of 2015 was put into R&D. It also makes lithium hexafluorophosphate (LiPF6) currently at 1,000 tons/year and plans to expand to 4,000 tons/year soon. The company can see significant growth in profit thanks to the recent price jump of battery raw materials. (Please see our previous article on Lithium-ion Battery Supply Chain Alert! Hot New Energy Vehicle Market in China Drives Demand (and Price) High on Raw Materials)

  1. Smooth Way

Current production capacity is 7 thousand tons/year. Another 5 thousand tons/year are planned. Revenue in the first half of 2015 is $13.1 million (or 85 million yuan). ATL is the company’s major customer.

  1. Guotai-Huarong

Current production capacity is 10 thousand tons/year. Revenue in the first half of 2015 is $27.7 million (or 0.18 billion yuan). The company was among the first manufacturers in China to mass produce the electrolyte. Its customers include ATL, Lishen, LG and Panasonic. Cathode materials can be its next line of products.

  1. Jinniu

Current production capacity is 5 thousand tons/year. Revenue in 2014 is $30.8 million (or 0.2 billion yuan). Jinniu started to develop LiPF6 earlier than other competitors in China and is among the first to commercialize it. Now it is facing competitions from Do-Fluoride and Tinci. In the first half of 2015, it made 700 tons of the salt, all of which are for its own electrolyte. The percentage of R&D investment in revenue is kept high at about 8% in recent year.

The rest of the Top 10 list on electrolyte suppliers includes Kaixin, Shanshan Battery Material, JGHITEC, KUNLUNCHEM and BICR.

Separator Suppliers

Separator production in China accounted for 48% of the global production in 2014.

  1. Mingzhu

Current production capacity is 50 million square meters/year. The capacity will ramp up to 140 million square meters/year by 2017. Revenue in the first half of 2015 is $10.8 million (or 70 million yuan). Its customers include BYD and CALB.

  1. Senior

Current production capacity is 80 million square meters/year. Revenue in the first half of 2015 is $23.1 million (or 0.15 billion yuan). As one of the biggest separator suppliers in China, Senior’s customers include LG Chem, BYD, Lishen, CALB and Guoxuan. It is among a few Chinese companies that supply to major battery manufacturers overseas.

  1. Zhongke

Current production capacity is 100 million square meters/year. Revenue in the first half of 2015 is $27.7 million (or 0.18 billion yuan). Zhongke is one of the first separator companies in China. Its products (with the brand of Green) are leading the industry in terms of square meters sold. The list of its customers covers the majority of battery makes in China.

  1. BNE

Current production capacity is 72 million square meters/year and the capacity will be expanded into 110 million square meters/year. Revenue in the first half of 2015 is $9.2 million (or 60 million yuan). Its customers include CALB and Coslight. Newly founded in 2010, BNE grows in a fast pace and was evaluated at $138.6 million (or 0.9 billion yuan) in 2014.

  1. HongTu

Current production capacity is 20 million square meters/year and a 45 million-square meter plant is under construction. Revenue in the first half of 2015 is $3.1 million (or 20 million yuan). It supplies the separator to companies like Lishen and will enter Samsung and Wanxiang A123 as well.

The rest of the Top 10 list on separator suppliers includes DG, Jinhui, Yuntianhua Niumi (website not available), FSDH (website note available), Huiqiang.

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