{"id":21324,"date":"2023-08-20T06:31:00","date_gmt":"2023-08-20T06:31:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4188467_AE88467_0"},"modified":"2023-08-20T06:31:00","modified_gmt":"2023-08-20T06:31:00","slug":"ronbay-announces-its-global-development-strategy-to-implement-a-project-of-40000-ton-per-annum-high-nickel-ternary-cathode-and-20000-ton-per-annum-lithium-ferromanganese-phosphate-in-korea","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=21324","title":{"rendered":"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"},"content":{"rendered":"<p><span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">Aug. 20, 2023<\/span> \/PRNewswire\/ &#8212; On <span class=\"xn-chron\">August 18, 2023<\/span> local time, Ronbay, a global leading cathode material company founded by its current chairman Bai Houshan with a membership of many Chinese and Korean scientists, held a global development strategy conference in <span class=\"xn-location\">Seoul, South Korea<\/span>. It also held a commencement ceremony of the project of 40,000-ton-per-annum high-nickel ternary cathode and 20,000-ton-per-annum lithium ferromanganese phosphate (LMFP) cathode in Chungju, <span class=\"xn-location\">South Korea<\/span> on the same day.<\/p>\n<p>In September 2014,&nbsp;Ronbay was co-founded by Bai Houshan and Liu Xianglie, experts in lithium battery industry from <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">South Korea<\/span> respectively. With the advantage of being based in <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">South Korea<\/span>, the global powerhouses of power battery, the company has rapidly developed into one of the largest leading cathode material manufacturer in the world.<\/p>\n<p>From 2021 to 2022, the market share of&nbsp;Ronbay&#8217;s high-nickel ternary cathode materials ranked first in the world. With a product line including high-nickel ternary, sodium, and LMFP cathode materials, it has expanded its production capacity of cathode materials up to 250,000 tons by the end of 2022.<\/p>\n<p>According to the huge investment plan for building factories around the globe announced by&nbsp;Ronbay this time, by the end of 2025, it will build a capacity of 380,000 tons of ternary cathode materials worldwide, of which 230,000 tons and 100,000 tons of ternary cathode materials will be produced in <span class=\"xn-location\">China<\/span> and <span class=\"xn-location\">South Korea<\/span> respectively; In addition to building a capacity of 500,000 tons of ternary cathode materials in <span class=\"xn-location\">China<\/span> and 200,000 tons of ternary cathode materials in <span class=\"xn-location\">South Korea<\/span>, it plans to build a capacity of 150,000 tons of ternary cathode materials in <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">North America<\/span> respectively by the end of 2030.<\/p>\n<p>Meanwhile,&nbsp;Ronbay plans to build a capacity of 60,000 tons of sodium electric materials in <span class=\"xn-location\">China<\/span> by the end of 2025, and further increase it to 500,000 tons in <span class=\"xn-location\">China<\/span>, <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">North America<\/span> by the end of 2030; It also plans to increase its capacity of phosphate materials to 300,000 tons in <span class=\"xn-location\">China<\/span>, 60,000 tons in <span class=\"xn-location\">South Korea<\/span>, and 100,000 tons in <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">North America<\/span> respectively by the end of 2030.<\/p>\n<p>At present, many international automotive companies have chosen the technical route of high-nickel power battery, which leads to strong demand for high-nickel cathode materials.&nbsp;Ronbay has previously built a 20,000-ton-per-annum high-nickel ternary cathode production base in <span class=\"xn-location\">South Korea<\/span>. Since the first quarter of this year, the base has been successfully put into production, and has received a number of global users to visit the factories and test the production line in succession. This has resulted in batch shipment of 100-ton ternary cathode materials. The capacity of 40,000-ton-per-annum high-nickel cathode to be built this time will cover not only <span class=\"xn-location\">South Korea<\/span>, but also potential markets such as <span class=\"xn-location\">Japan<\/span>, <span class=\"xn-location\">Europe<\/span> and <span class=\"xn-location\">North America<\/span>.<\/p>\n<p>As&nbsp;LMFP is increasingly widely used all over the world, Ronbay is the first to stably deliver large quantity of lithium ferromanganese products in Chinese market. The project of 20,000-ton-per-annum LMFP cathode commenced this time is the first large-scale lithium ferromanganese factory operated by Chinese cathode material enterprises outside <span class=\"xn-location\">China<\/span>.<\/p>\n<p>Ronbay believes that it will greatly enhance its competitiveness in the local and global markets through the factories in Korea, because it is competitive in cost-performance in many aspects with the advantage of <span class=\"xn-location\">China&#8217;s<\/span> complete industrial chain, it has a variety of product lines including high-nickel,&nbsp;LMFP and sodium cathode materials, of which LMFP has a great potential to expand the market worldwide, and it has established a comprehensive three-dimensional industrial chain ranging from cathode materials to precursors and refining recovery in Korea.<\/p>\n<p>Today, all countries around the world have successively issued laws to lay down strict requirement on the key raw materials of batteries, and the global new energy industry chain is increasingly&nbsp;regionalized and localized. At present, the products produced by Ronbay&#8217;s Korea-based factories can be sold to the North American market. With the completion of more overseas localized factories, Ronbay&#8217;s cathode materials will fully cover the major global new energy vehicle markets such as <span class=\"xn-location\">China<\/span>, <span class=\"xn-location\">the United States<\/span>, <span class=\"xn-location\">Europe<\/span>, <span class=\"xn-location\">Japan<\/span> and <span class=\"xn-location\">South Korea<\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Aug. 20, 2023 \/PRNewswire\/ &#8212; On August 18, 2023 local time, Ronbay, a global leading cathode material company founded by its current chairman Bai Houshan with a membership of many Chinese and Korean scientists, held a global development strategy conference in Seoul, South Korea. It also held a commencement ceremony of the project of [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-21324","post","type-post","status-publish","format-standard","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>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 - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=21324\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"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 - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Aug. 20, 2023 \/PRNewswire\/ &#8212; On August 18, 2023 local time, Ronbay, a global leading cathode material company founded by its current chairman Bai Houshan with a membership of many Chinese and Korean scientists, held a global development strategy conference in Seoul, South Korea. 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