Jiangsu Lopal Tech
Jiangsu Lopal Tech (龙蟠科技) is a Chinese specialty chemicals and lithium battery cathode materials manufacturer producing LFP and LMFP materials for EV power batteries and energy storage systems, selling primarily through long-term B2B supply contracts with battery cell producers.
- Company typePublic
- Founded2003
- HeadquartersNanjing, China
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Jiangsu Lopal Tech does
Jiangsu Lopal Tech (龙蟠科技), founded in 2003 and headquartered in Nanjing, China, is a publicly listed specialty chemicals and lithium battery materials manufacturer. The company trades on the Shanghai Stock Exchange (603906) and the Hong Kong Stock Exchange (02465.HK), employs between 1,001 and 5,000 people, and operates a multi-brand portfolio that includes Longpan (龙蟠, core group brand), Klus, Dike, GreenGua, LopalTime, ThreeDan, Beauty, and Bo. Historically a specialty chemicals operator, Lopal has executed a strategic pivot into the new energy materials sector.
The company's core product line is the manufacture and sale of lithium-iron phosphate (LFP) cathode materials and lithium manganese iron phosphate (LMFP) variants for electric vehicle power batteries and grid-scale energy storage systems. Manufacturing is concentrated through its LBM (Lopal Battery Materials) subsidiary, with production sites in Jintan (Jiangsu Province), Xiangyang (Hubei Province), and the newly announced Batang Integrated Industrial Park facility in Central Java, Indonesia. The principal commercial anchor is a long-term supply agreement with Cornex New Energy covering up to 1.3 million tons of LFP cathode materials by December 2030, valued at up to CNY45 billion (USD6.3 billion). Strategic capex commitments include up to RMB2 billion for the Jintan high-performance cathode project and US$160 million for the Indonesia LBM Phase III expansion.
Lopal's business model is B2B enterprise field sales through long-term, high-volume supply contracts with EV and stationary storage battery manufacturers. Revenue is generated primarily through hardware sales of cathode materials, with pricing terms undisclosed publicly. The customer base is concentrated in the new energy battery cell manufacturer segment, with a flagship reliance on Cornex New Energy. In early 2026, the company redirected HK$198 million in IPO proceeds from LMFP production in Hubei to the higher-value Jintan cathode project, signaling a portfolio consolidation toward advanced cathode chemistries and international expansion via the Indonesia plant.
Jiangsu Lopal Tech firmographics
Firmographics- Name
- Jiangsu Lopal Tech
- Legal name
- Jiangsu Lopal Tech Group Co., Ltd.
- Website
- https://lopal.com.cn
- Company type
- Public
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Jiangsu Lopal Tech (龙蟠科技) is a Chinese specialty chemicals and lithium battery cathode materials manufacturer producing LFP and LMFP materials for EV power batteries and energy storage systems, selling primarily through long-term B2B supply contracts with battery cell producers.
- Ownership category
- akta.pro rank
Jiangsu Lopal Tech industry classification
Industry- Product category
- Battery Cathode Materials
- NAICS
- Battery Manufacturing (33591)
- SIC
- Industrial Inorganic Chemicals (2810)
- akta.pro primary industry
- Cathode Active Materials (CAM) Manufacturing (EUAFABAB)
- akta.pro secondary industries
- Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)
Keywords
Where Jiangsu Lopal Tech is headquartered
LocationHeadquarters
- HQ city
- Nanjing
- HQ country
- China
- HQ region
- Asia
Offices4 records
Markets served
Jiangsu Lopal Tech business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Infrastructure, Personnel
Revenue model
- Battery Material Sales: Revenue generated from the sale of lithium-iron phosphate (LFP) cathode materials to EV manufacturers and energy storage battery producers. Major long-term supply agreement with Cornex New Energy for up to 1.3 million tons valued at USD6.3 billion.
Go-to-market motion2 records
Jiangsu Lopal Tech product offering
Product offeringCore offering
Jiangsu Lopal Tech manufactures and sells lithium-iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode materials used in electric vehicle power batteries and energy storage batteries. The company supplies these materials under long-term contracts — including a landmark deal to deliver up to 1.3 million tons of LFP cathode materials to Cornex New Energy by December 2030 — and operates dedicated production projects in China (Jintan, Jiangsu) and Indonesia (Batang, Central Java).
Product overview
Jiangsu Lopal Tech (龙蟠科技) is a lithium battery materials company with a platform-plus-modules architecture centered on cathode materials for electric vehicles and energy storage. Core products include Lithium-Iron Phosphate (LFP) cathode materials and LMFP (Lithium Manganese Iron Phosphate), produced through subsidiaries like LBM (Lopal Battery Materials). The company operates multiple sub-brands including Longpan (main group brand), Klus, Dike, GreenGua, LopalTime, ThreeDan, Beauty, and Bo. Recent strategic investments include a high-performance lithium battery cathode project in Jintan, Jiangsu Province (up to RMB2 billion) and Indonesia LBM Phase III expansion (US$160 million). A major customer relationship with Cornex New Energy involves supplying 1.3 million tons of LFP cathode materials by 2030 (valued up to USD6.3 billion).
Differentiator
Problem solved
Functional benefit
Products and services
- Lithium-Iron Phosphate (LFP) Cathode Materials Lithium-iron phosphate (LFP) cathode material supplied to electric vehicle power battery manufacturers and energy storage battery producers. Supports large-scale EV and stationary storage battery production.
- LMFP (Lithium Manganese Iron Phosphate) Cathode Materials Lithium manganese iron phosphate (LMFP) cathode material — an advanced variant of LFP chemistry — intended for electric vehicle power batteries and energy storage batteries.
- High-Performance Lithium Battery Cathode Materials (Jintan Project) High-performance lithium battery cathode material offering produced at a new project in Jintan, Jiangsu Province, targeting electric vehicles and energy storage applications.
- Indonesia LBM Phase III Cathode Materials Production Cathode materials production capacity for new energy vehicle power batteries and energy storage batteries, built at the LBM Phase III facility in Batang Integrated Industrial Park, Central Java, Indonesia, with a total investment of US$160 million.
Quantifiable outcome
- Supply of 1.3 million tons of LFP cathode materials to Cornex New Energy by December 2030
Companies that use Jiangsu Lopal Tech
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Jiangsu Lopal Tech technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Jiangsu Lopal Tech partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Cornex New EnergyflagshipMajor strategic customer partnership with Cornex New Energy for long-term supply of LFP cathode materials. Cornex increased its order from CNY5 billion to CNY45 billion (USD6.3 billion) maximum, covering 1.3 million tons of materials by December 2030. The partnership aligns with Cornex's plans to increase energy storage battery production capacity and build new battery plants.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Jiangsu Lopal Tech competitors and assessment
Company assessmentDirect peers
- Dynanonic: LFP cathode materials pure-play supplying power and energy storage battery manufacturers. Direct competitor to Lopal in LFP CAM with similar product positioning and customer segments.
- Hunan Yuneng New Energy: China's largest dedicated LFP cathode materials manufacturer and a direct competitor in LFP/LMFP CAM serving the same EV and energy storage battery customers. Closely comparable in product mix, chemistry focus, and downstream customer overlap with Lopal.
- Easpring Material Technology: Cathode active materials manufacturer producing both NCM and LFP chemistries for EV and energy storage applications. Comparable as a diversified CAM peer serving overlapping downstream customers.
- Rongbay Technology: Major Chinese cathode materials manufacturer historically focused on NCM, expanding into LFP. A direct peer in cathode materials manufacturing serving global lithium-ion battery customers.
- CNGR Advanced Material: Leading battery materials precursor manufacturer (NCM and LFP precursors). Comparable as an upstream/downstream cathode materials peer with overlapping customer base and chemistry roadmap.
Broad incumbents
- GEM Co. Established Chinese battery materials and recycling company producing cathode precursors and CAM. Comparable as a broad incumbent in battery materials with overlapping LFP exposure and downstream customer relationships.
- Umicore: Belgian global materials group with a cathode materials business serving EV and energy storage battery customers. Comparable as a broad incumbent offering LFP/NCM CAM in a wider portfolio that overlaps with Lopal's chemistry focus.
- POSCO Future M: Korean cathode materials manufacturer (formerly POSCO Chemical) producing NCM and LFP CAM for global battery makers. Comparable as an established, geographically diverse broad incumbent in cathode materials competing for the same tier-1 cell-maker customers.
- BASF Battery Materials: Global chemical company's cathode active materials business serving automotive and energy storage cell makers. Comparable as a broad incumbent pursuing CAM contracts in the same end markets as Lopal.
Emerging players
- Nano One Materials: Canadian emerging player developing LFP and nickel-rich CAM production technologies. Comparable as an emerging LFP-focused CAM technology developer pursuing the same downstream customers and chemistries as Lopal.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Jiangsu Lopal Tech social profiles
Digital presenceJiangsu Lopal Tech financial estimates
Financial estimateRevenue estimate
Valuation estimate
Jiangsu Lopal Tech leadership team
Management profileNumber of profiles
Profiles1 record
Jiangsu Lopal Tech subsidiaries and ownership
Company hierarchySubsidiaries10 records
Jiangsu Lopal Tech funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Jiangsu Lopal Tech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Jiangsu Lopal Tech
What does Jiangsu Lopal Tech do?
Jiangsu Lopal Tech manufactures and sells lithium-iron phosphate (LFP) and lithium manganese iron phosphate (LMFP) cathode materials used in electric vehicle power batteries and energy storage batteries. The company supplies these materials under long-term contracts — including a landmark deal to deliver up to 1.3 million tons of LFP cathode materials to Cornex New Energy by December 2030 — and operates dedicated production projects in China (Jintan, Jiangsu) and Indonesia (Batang, Central Java).
Is Jiangsu Lopal Tech a public or private company?
Jiangsu Lopal Tech is a public company. It is classified as public and is currently operating.
When was Jiangsu Lopal Tech founded?
Jiangsu Lopal Tech was founded in 2003. It employs 1,001 to 5,000 people.
Where is Jiangsu Lopal Tech based?
Jiangsu Lopal Tech is headquartered in Nanjing, China, in the Asia region.
How does Jiangsu Lopal Tech make money?
One revenue line is on record: battery Material Sales.
Who are Jiangsu Lopal Tech's main competitors?
Direct peers on record are Dynanonic, Hunan Yuneng New Energy, Easpring Material Technology, Rongbay Technology and CNGR Advanced Material. Broad incumbents are GEM Co., Umicore, POSCO Future M and BASF Battery Materials. Nano One Materials is listed as an emerging player.
Does Jiangsu Lopal Tech have an API?
No public API is recorded for Jiangsu Lopal Tech.
What industry is Jiangsu Lopal Tech in?
Jiangsu Lopal Tech's product category is Battery Cathode Materials. Its primary akta.pro industry code is EUAFABAB, Cathode Active Materials (CAM) Manufacturing, with a secondary code of EUAFABAA, Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite). Its NAICS code is 33591 and its SIC code is 2810.