What Shenghua New Materials does

Jiangxi Shenghua New Materials Co., Ltd. (江西升华新材料有限公司) is a Chinese manufacturer of lithium iron phosphate (LFP) cathode materials for lithium-ion batteries, founded in 2015 and headquartered in Yichun, Jiangxi Province. The company's core product is a single line of high-compaction-density LFP cathode powder characterized by powder compaction >2.52, pole piece compaction >2.65, mean iron dissolution of 5.6 ppm, first-cycle discharge capacity >156 mAh/g at 0.1 C, powder resistivity of 6 Ω·cm, and first-cycle efficiency >97%. The materials are formulated for electric-vehicle power batteries and communication base-station energy storage systems. Production is conducted at three domestic bases — Yichun (Jiangxi), Shehong (Sichuan) and De'a (Sichuan) — with reported annual capacity ranging from 30+ to 100+ 万吨 depending on source language, and a 500,000-ton-per-year Inner Mongolia plant announced in a joint venture with parent Fulin Precision (Shenzhen-listed, stock code 300432) and CATL.

Shenghua is a privately held national high-tech enterprise whose controlling shareholder is Fulin Precision (富临精工, 300432) and whose second-largest controlling shareholder is CATL (Contemporary Amperex Technology, 300750), following CATL's USD 455 million, 12% equity investment in Fulin Precision. The company generates revenue through direct B2B enterprise sales of LFP cathode material to a concentrated set of Chinese battery cell manufacturers — CATL, BYD, SVOLT and GREAT POWER — with all output moving into domestic electric-vehicle and stationary-storage battery supply chains. The company holds ISO 14064, ISO 9001 and Social Responsibility Management System certifications, was named a Sichuan Provincial Green Factory in 2023, and was awarded CATL's 2025 Annual Excellent Supplier recognition. Reported registered capital is CNY 18.09 billion (Chinese site) / CNY 14.7 billion (English site), and headcount is stated at 1,500+ (Chinese site) / 500+ (English site).

Name

Shenghua New Materials

Legal name

江西升华新材料有限公司

Website

https://jxshxcl.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Ownership category

akta.pro rank

Product category

Lithium Battery Cathode Materials

NAICS

Battery Manufacturing (33591), Basic Chemical Manufacturing (3251)

SIC

Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Cathode Active Materials (CAM) Manufacturing (EUAFABAB)

akta.pro secondary industry

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

Keywords

• Lithium iron phosphate cathode
• LFP battery materials
• Cathode active materials
• Lithium battery materials
• Phosphate cathode production

Headquarters

HQ city

Yichun

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. LFP Cathode Material Sales: Production and sale of lithium iron phosphate (LFP) cathode materials for lithium batteries. The company manufactures LFP materials for electric vehicle batteries and energy storage systems for communication base stations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Shenghua New Materials manufactures and sells lithium iron phosphate (LFP) cathode active material used as the positive-electrode material in lithium-ion batteries for electric vehicles and energy storage. The material is engineered for high powder compaction density, low iron dissolution, high specific capacity, and long cycle life, and is supplied to leading Chinese battery cell manufacturers including CATL, BYD, SVOLT, Great Power and Penghui. Production is operated from manufacturing bases in Yichun (Jiangxi) and Shehong/De'a (Sichuan).

Product overview

Jiangxi Shenghua New Materials Co., Ltd. is a national high-tech enterprise specializing in the research, development, production, and sales of lithium iron phosphate (LFP) cathode materials for lithium batteries. The company operates three production bases in Yichun (Jiangxi), Shehong (Sichuan), and De'a (Sichuan), with a controlling shareholder being listed company Fulin Precision (stock code: 300432) and strategic investor CATL (stock code: 300750). The core product is lithium iron phosphate cathode material, a single unified product line with consistent specifications and performance metrics (high compaction density, high capacity, long cycle life), supplied in bulk to major battery manufacturers including CATL, BYD, SVOLT, and Great Power.

Differentiator

Problem solved

Functional benefit

Products and services

• Lithium Iron Phosphate (LFP) Cathode Material (磷酸铁锂正极材料) Engineered LFP cathode active material used as the positive-electrode material in lithium-ion batteries for electric vehicles and energy storage systems; designed for high powder compaction density, low iron dissolution, high specific capacity, and long cycle life; supplied to battery cell manufacturers including CATL, BYD, SVOLT, Great Power and Penghui.

Quantifiable outcome

• Powder compaction >2.52
• +3 more outcomes

Named customers4 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core and minor.

• Yangtze ChendaocoreStrategic or Co-development PartnerYangtze Chendao is identified as a strategic participation company in Shenghua's shareholder structure, indicating a strategic investment relationship.
• Jiangxi Datang Energy Marketing Co., Ltd.minorStrategic or Co-development PartnerShenghua signed a Strategic Cooperation Framework Agreement with Jiangxi Datang Energy for potential business collaboration in the energy sector.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Zhejiang Huayou Cobalt: Huayou is a vertically integrated Chinese battery materials platform spanning nickel/cobalt chemicals and LFP cathode. It is an emerging LFP competitor with upstream integration advantages over standalone cathode producers like Shenghua.

Direct peers

• BTR New Material Group: BTR is the world's largest anode materials supplier and a major Chinese cathode materials producer. It supplies a broad set of battery manufacturers including CATL and competes for wallet share across both anode and cathode lines.
• Ningbo Shanshan: Shanshan is a major Chinese cathode and anode materials supplier with significant LFP cathode capacity serving tier-one battery customers. It overlaps with Shenghua across both product line and customer set.
• Guangzhou Tinci Materials Technology: Tinci is a leading Chinese battery materials producer primarily known for electrolytes but with a growing LFP cathode and iron-phosphate business. It overlaps with Shenghua in LFP cathode materials and serves similar battery manufacturer customers.
• Shenzhen Dynanonic Technology: Dynanonic is a leading Chinese LFP and phosphate-based cathode manufacturer with overlapping customer base (CATL, BYD) and similar product positioning. It is one of the closest pure-play LFP competitors in terms of technology specs and customer overlap.
• Hunan Yuneng New Energy: Hunan Yuneng is China's largest LFP cathode active material producer, supplying CATL, BYD and other tier-one battery makers with comparable high-compaction LFP grades. It is the most direct scale competitor to Shenghua in the same end markets and customer set.
• Easpring Material Technology (Beijing Easpring): Easpring is a major Chinese cathode active material producer that, while historically strong in NCM, has expanded into LFP grades. It serves similar battery manufacturer customers and competes for the same supply agreements.
• Pulead Technology Industry: Pulead is a Chinese cathode and anode materials supplier with LFP cathode production. It competes with Shenghua in supplying automotive and ESS battery makers with similar cathode chemistry offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shenghua New Materials