Greatpower Technology

What Greatpower Technology does

Greatpower Technology (上海格派镍钴材料股份有限公司) is a Shanghai-headquartered, vertically integrated Chinese manufacturer of battery materials founded in 2006. The company produces battery-grade nickel sulfate, cobalt sulfate, lithium carbonate, lithium hydroxide, ternary precursors (NCM 523, 622, 811), lithium cobalt oxide, lithium manganate, and electrolytic copper for lithium-ion batteries serving electric vehicle, energy storage, and consumer electronics applications. Manufacturing is distributed across six Chinese provinces — Shanghai, Zhejiang, Anhui, Jiangxi, Jiangsu, and Guangxi — supplemented by international operations in Vietnam, the Democratic Republic of Congo, Madagascar, Zimbabwe, Qatar, Kenya, and Australia.

The company pivoted from non-ferrous metals trading into integrated manufacturing through the 2016 acquisition of Zhejiang Galico Cobalt and Nickel and a joint venture with Jinchuan Group (Asia's largest nickel-cobalt producer). It now operates a closed-loop value chain spanning upstream resource partnerships (cobalt hydroxide from DRC via Pengxin Resources, lithium spodumene from Australia and Nigeria, nickel sulfide trading exceeding 100,000 tons annually, ranking #2 in China), midstream chemical processing, downstream cathode material production, and battery recycling in Anhui Xiaoxian. Revenue is generated through direct B2B enterprise sales to battery and cathode material manufacturers, anchored by long-term volume-committed supply agreements — most notably a six-year nickel supply contract with LG Energy Solution starting 2023 covering approximately 370,000 EVs. Pricing follows Metal Bulletin commodity benchmarks rather than tiered public pricing.

Technology development centers on battery chemistry with early-stage solid-state battery materials R&D, hundreds of invention patents, and peer-reviewed publications in JACS, Joule, and Angewandte Chemie. The company maintains ISO 9001/14001/45001 and IATF 16949 certifications across all production bases, AEO Advanced Certification for customs, and is a founding member of the OECD-backed Responsible Cobalt Initiative alongside Apple, HP, Huawei, Samsung SDI, and L&F. Research collaborations span Stanford University, Tokyo University, Chinese Academy of Sciences, and five additional Chinese universities.

Name

Greatpower Technology

Legal name

上海格派镍钴材料股份有限公司

Website

https://greatpowercn.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

Greatpower Technology is a Shanghai-headquartered, vertically integrated Chinese manufacturer of battery-grade nickel sulfate, cobalt sulfate, lithium chemicals, ternary precursors, and cathode materials for lithium-ion batteries serving global EV, energy storage, and consumer electronics manufacturers.

Ownership category

akta.pro rank

Product category

Battery Materials

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910)

SIC

Miscellaneous Chemical Products (2890), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

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

akta.pro secondary industries

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE), Automotive Batteries & 12V/Low-Voltage Energy Storage Manufacturing (IMACAJAJ)

Keywords

• Battery raw materials
• Nickel sulfate production
• Cobalt sulfate manufacturing
• Cathode materials supply
• Lithium battery chemicals

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Nickel, Cobalt, Lithium Materials Sales: Trading and manufacturing of battery-grade nickel sulfate, cobalt sulfate, lithium carbonate, lithium hydroxide, and related chemicals. Started as trading company in 2006, evolved to manufacturing with acquisitions including Zhejiang Galico Cobalt Nickel in 2016.
2. Ternary Precursor and Cathode Materials: Production and sales of NCM/NCA precursors, lithium cobalt oxide, lithium manganate, and other cathode materials for lithium-ion batteries used in EVs and energy storage.
3. Copper and Electrolytic Products: Electrolytic copper production for conductivity applications including wires, circuit boards, CPU cooling devices, and heat pipes.
4. Battery Recycling and Cascade Utilization: Full life-cycle management of retired power batteries including cascade utilization and regeneration services.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Greatpower Technology manufactures and sells battery-grade nickel, cobalt, and lithium chemicals along with ternary precursors and cathode materials for lithium-ion batteries used in electric vehicles, energy storage, and consumer electronics. The company operates a vertically integrated production chain spanning upstream resource procurement (DRC, Australia, Nigeria), refining and chemical processing (cobalt salts, nickel salts, lithium compounds), and downstream cathode materials, supported by recycling and cascade utilization services.

Product overview

Greatpower Technology is a comprehensive new energy materials enterprise providing a full industrial chain of battery materials. The portfolio includes cobalt-based materials (cobalt sulfate, cobalt chloride, cobalt tetroxide, electrolytic cobalt, cobalt oxide, cobalt hydroxide), lithium-based materials (lithium carbonate, lithium hydroxide, lithium metal, lithium chloride), nickel-based materials (nickel sulfate, nickel hydroxide, nickel chloride, nickel concentrate, high nickel matte), and cathode materials (ternary precursors, lithium cobalt oxide, lithium manganate). The company also produces electrolytic copper. These products form a complete supply chain from raw materials to processed materials for power batteries, energy storage batteries, and consumer batteries. The company operates manufacturing bases in Zhejiang Shangyu, Jiangsu, Jiangxi Ganzhou, Anhui Xiao County, Vietnam Haiphong, and the Democratic Republic of Congo.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery-grade Cobalt Materials Production and sale of battery-grade cobalt products including cobalt sulfate (CoSO4·7H2O, rose red monoclinic crystal for ternary precursors), cobalt chloride (CoCl2, CoCl2·6H2O for analysis reagent and humidity indication), cobalt tetroxide / cobalt oxide (Co3O4 black or grayish black powder for cathode materials), electrolytic cobalt (shiny steel gray ferromagnetic metal for power battery materials), cobalt oxide (black gray hexagonal powder for power battery materials), and cobalt hydroxide (Co(OH)2 for power battery materials). Targeted at ternary precursor and cathode material manufacturers and battery cell producers.
• Battery-grade Lithium Materials Production and sale of battery-grade lithium products including lithium carbonate (colorless monoclinic crystal or white powder, common raw material for lithium-ion batteries), lithium hydroxide (white monoclinic fine crystal with strong alkalinity for battery production), lithium metal (silver white soft metal for atomic reactors, light alloys, and batteries), and lithium chloride (used as flux, desiccant, chemical reagent, and in fireworks, dry batteries, and lithium metal production). Targeted at lithium-ion battery manufacturers and battery cathode material producers.
• Battery-grade Nickel Materials Production and sale of nickel products including nickel sulfate (green crystal tetragonal compound mainly used for producing ternary precursors and applied in electroplating), nickel hydroxide (reducing hydroxide for power battery materials), nickel chloride (nickel chloride compound for various industrial applications), nickel concentrate (concentrated nickel ore for nickel production), and high nickel matte (spindle shaped brittle product with bright metallic luster for producing electrolytic nickel, nickel oxide, ferronickel, nickel alloy, and various nickel salts). Targeted at ternary precursor manufacturers, battery cell producers, and electroplating industry.
• Ternary Precursors (NCM) NCM precursor materials (523, 622, 811) used as cathode precursors for energy storage devices of new energy vehicles, lithium batteries, notebooks, digital cameras, drones, robots, solar energy, wind energy, and communication equipment. Targeted at lithium-ion battery cathode material manufacturers.
• Lithium Cobalt Oxide and Lithium Manganate Cathode Materials Cathode materials for lithium-ion batteries including lithium cobalt oxide and lithium manganate. Targeted at lithium-ion battery cell manufacturers.
• Electrolytic Copper Pure metal copper with good electrical conductivity (second only to silver) used as wire, circuit board, and in cooling devices (CPU cooling and heat pipes). Targeted at electrical, electronics, and thermal management industries.
• Battery Recycling and Cascade Utilization Services Full life-cycle management of retired power batteries including cascade utilization and regeneration services. Targeted at battery manufacturers, EV OEMs, and energy storage operators with end-of-life battery assets.

Quantifiable outcome

• ~370,000 EVs worth of nickel supply secured via LG partnership
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Seven partnerships are on record, tiered core, major and minor.

• Chariot ResourcescoreStrategic or Co-development Partner · 7 January 2026Partnership on Nigeria lithium project with 200,000 tons/year lithium spodumene concentrate offtake. Includes exploration, JORC-compliant resource estimation, and local processing plant planning in Nigeria.
• H.E. Khalid Bin Mohammed Al Attiyah / SANWU Holding GroupcoreStrategic or Co-development Partner · 6 November 2025Middle East partner and board chairman of SANWU Holding Group. Former Qatar Deputy Prime Minister and Minister of Defense. Facilitating partnerships across Middle East, Africa, and Belt and Road countries for new energy materials and energy storage systems.
• Scorpion Minerals (SCN)majorStrategic or Co-development Partner · 1 January 2025Strategic cooperation MOU signed for Western Australia lithium project. Full-chain deep collaboration on potentially significant hard rock lithium deposit.
• Jinchuan GroupmajorStrategic or Co-development PartnerStrategic cooperation with Asia's largest nickel-cobalt group and power battery materials group. Technical team support for manufacturing. Established Greatpower Jinchuan Advanced Battery Materials Corporation in 2016.
• Pengxin ResourcesmajorStrategic or Co-development PartnerStrategic cooperation framework agreement for cobalt raw material supply. 30% of primary cobalt hydroxide from DRC SMCO production to be supplied for 5 years. Downstream cooperation on technology R&D and new product production lines.
• Galaxy ResourcesminorStrategic or Co-development PartnerLong-term cooperation with Australian Galaxy Resources for high-quality spodumene resources.
• Stanford University, Tokyo University, Central South University, Chinese Academy of Sciences, Nanjing University, Zhejiang University, Jiangnan UniversitycoreStrategic or Co-development PartnerResearch cooperation with famous domestic and foreign universities. Tracks research frontiers of new energy basic theory, material innovation and industrial policy. Joint research on battery materials and next-generation technologies including solid-state batteries.

Scale indicators8 records

Recent moves12 records

Expansion highlights7 records

Direct peers

• Huayou Cobalt: Huayou Cobalt is China's largest cobalt/nickel materials producer with integrated mine-to-cathode operations in DRC and Indonesia. Most directly comparable to Greatpower on cobalt/nickel sulfates, ternary precursors, and ESG-certified supply chains serving LG, Samsung, and L&F.
• CNGR Advanced Material: CNGR is China's leading ternary precursor producer (NCM/NCA) supplying LG, Samsung SDI, and other tier-1 battery makers. Direct competitor to Greatpower in precursor manufacturing with larger scale and similar customer profile.
• GEM Co. GEM is a leading battery materials and recycling company producing nickel/cobalt sulfates and NCM precursors with significant recycling operations. Comparable to Greatpower across both battery chemicals manufacturing and end-of-life battery recycling businesses.
• Ganfeng Lithium: Ganfeng is a top global lithium chemicals producer (carbonate, hydroxide, metal) with integrated upstream resources in Australia, Argentina, and Africa. Comparable to Greatpower's lithium carbonate/hydroxide product line and resource-secured supply strategy.
• Tianqi Lithium: Tianqi is a major lithium chemicals and resource company with stakes in Greenbushes (Australia) and SQM (Chile). Comparable to Greatpower on lithium carbonate/hydroxide production and global resource partnerships.
• Easpring Material Technology (当升科技): Easpring (Beijing Dangsheng) is a Chinese cathode materials producer (NCM, NCA, LFP) serving LG Energy Solution, SK On, and BYD. Direct competitor in cathode materials with overlapping LG Energy Solution customer base.
• Ronbay Technology: Ronbay Technology is a high-nickel ternary cathode materials (NCM811, NCA) producer with major Korean battery maker customers. Comparable to Greatpower on high-nickel single crystal cathode technology and tier-1 customer strategy.

Broad incumbents

• POSCO Future M: POSCO Future M is a large integrated Korean cathode materials producer (NCM, NCA) and precursors serving LG, Samsung SDI, and SK On. Larger and broader incumbent in the same cathode/precursor space as Greatpower's ternary precursor business.
• Umicore: Umicore is a Belgian global materials technology company producing NCM cathode materials, precursors, and recycling. Comparable as a broader incumbent in battery materials with stronger scale and Western OEM relationships versus Greatpower.
• Sumitomo Metal Mining: Sumitomo Metal Mining is a Japanese nickel/cobalt refiner and cathode materials (NCA) producer supplying Panasonic/Tesla. Comparable to Greatpower on nickel sulfate, cobalt refining, and high-nickel cathode materials with longer operating history.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/greatpower-technology-co-ltd

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds3 records

Investors6 records

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 Greatpower Technology