LISHEN

What LISHEN does

LISHEN is a state-holding Chinese lithium-ion battery manufacturer founded in 1997, positioned as China's first lithium-ion battery R&D firm. The company operates across three primary product lines: consumer Li-ion batteries (polymer, square, and cylindrical formats including 18650, 21700, and 46-series), vehicle-mounted batteries (passenger EVs, light/heavy commercial vehicles with L300, L194, 46 Big Cylindrical, MEB L220, and VDA L148 series), and energy storage products (40Ah-280Ah cells for grid, industrial/commercial, and household applications). Technology spans LFP, NCM, solid-state/semi-solid-state, sodium-ion, lithium titanate, and supercapacitor chemistries, with 3,600+ patents (1,312 invention, 2,664 utility model) and an annual production capacity of 31GWh across manufacturing bases in Tianjin, Suzhou, Qingdao, Chuzhou, and Wuxi.

The company is controlled by China Chengtong, a central state-owned enterprise supervised by SASAC, which became the major shareholder in 2020. LISHEN generates revenue primarily through direct B2B hardware sales to tier-1 OEM manufacturers, with a sales-led go-to-market targeting consumer electronics brands (Apple, Samsung, Motorola, LG, HP, Dell, Lenovo), EV manufacturers, and energy storage customers globally. Customer segments are roughly horizontal across consumer electronics, e-mobility, and stationary energy storage, with pricing negotiated bilaterally under long-term supply agreements; no consumer-facing pricing exists. Distribution relies on direct enterprise field sales, regional sales offices (Shenzhen, Shanghai), and participation in major trade shows (Battery Show North America, CIBF, Canton Fair).

Recent strategic activity signals aggressive capacity expansion (Chuzhou 36GWh and Tianjin Binhai 24GWh projects), vertical diversification (marine energy storage JV with Sinoma, household ESS), and technology migration (semi-solid-state, sodium-ion, and lithium-rich manganese solid-liquid battery reportedly integrated with China FAW at >500Wh/kg). RMB 20 billion was raised in 2023 for power battery expansion, plus RMB 2.9 billion in B-round financing for the Qingdao base. Operational footprint spans 16+ countries across Asia Pacific, Europe, North America, and the Middle East.

Name

LISHEN

Legal name

Tianjin Lishen Battery Joint-Stock Co., Ltd.

Website

https://en.lishen.com.cn

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

LISHEN is a China-based, state-owned lithium-ion battery manufacturer founded in 1997, producing consumer, EV, and energy storage battery cells and systems for global OEMs including Apple, Samsung, and Motorola, with 31GWh of annual capacity.

Ownership category

akta.pro rank

Product category

Lithium-ion Battery Manufacturing

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910), Electrical Equipment Manufacturing (3353)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)

akta.pro secondary industries

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Pack Manufacturing & Module Assembly (EUAFABAI), Solid-State Battery Materials & Cell Manufacturing (EUAFABAH), Battery Cell Manufacturing (EV) (IMACACAB), Batteries & Battery Packs (Rechargeable/Primary, Device-Specific Packs) (CRACATAG)

Keywords

• Lithium-ion batteries
• Battery cell manufacturing
• Energy storage systems
• Electric vehicle batteries
• Consumer electronics batteries

Headquarters

HQ city

Nankai

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Battery Cell Manufacturing and Sales: Manufacturing and direct sales of lithium-ion battery cells and modules to OEM manufacturers in consumer electronics, e-mobility, and energy storage sectors. Revenue generated through hardware sales with long-term supply agreements with major international brands.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

LISHEN (Tianjin Lishen Battery Joint-Stock Co., Ltd.) manufactures lithium-ion battery cells, modules, and packs across three business lines: consumer Li-ion batteries for smartphones, laptops, and wearables; vehicle-mounted (power) batteries for passenger and commercial electric vehicles; and stationary energy storage products for power-grid, industrial/commercial, and household applications. The company produces multiple cell form factors (polymer, prismatic/square, cylindrical 18650/21700/46 series) and chemistries (LFP, NCM, semi-solid-state, sodium-ion, lithium titanate).

Product overview

LISHEN (Tianjin Lishen Battery Joint-Stock Co., Ltd.) is China's first lithium-ion battery R&D and manufacturing enterprise, offering a comprehensive portfolio of battery products across three main categories: Consumer Li-ion Batteries (including polymer batteries, square batteries, and cylindrical batteries in 18650/21700/46 series formats), Vehicle-Mounted Products (batteries for passenger vehicles, light commercial vehicles, and heavy commercial vehicles with various form factors including L300, L194, 46 Big Cylindrical, MEB L220, and VDA L148 series), and Energy Storage Products (power energy storage, industrial/commercial energy storage, and household energy storage systems ranging from 40Ah to 280Ah cells). The company also develops advanced battery technologies including semi-solid state batteries, sodium-ion batteries, lithium titanate batteries, and supercapacitors. Annual production capacity is 31GWh across manufacturing bases in Tianjin, Suzhou, Qingdao, Chuzhou, and Wuxi.

Differentiator

Problem solved

Functional benefit

Products and services

• Polymer Battery

Quantifiable outcome

• 31GWh annual production capacity
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Sinoma Energy Conservation Ltd.coreStrategic or Co-development PartnerStrategic partnership for marine energy storage joint base development. Sinoma Energy Conservation Ltd. and LISHEN collaborate on developing specialized battery systems for marine vessel applications, combining Sinoma's energy conservation expertise with LISHEN's battery technology capabilities.

Scale indicators5 records

Recent moves6 records

Direct peers

• CATL (Contemporary Amperex Technology Co., Ltd.): World's largest lithium-ion battery manufacturer with dominant market share in EV cells and a growing ESS portfolio. Directly comparable to LISHEN as a Chinese-based cell manufacturer serving automotive, ESS, and consumer applications, but at materially larger scale (>500GWh capacity).
• EVE Energy Co., Ltd. Chinese lithium battery manufacturer with consumer, ESS, and EV cell products including cylindrical (21700/4680), prismatic, and LFP cells. Highly comparable to LISHEN's three-segment horizontal strategy and competing in the same mid-tier OEM customer set.
• Sunwoda Electronic Co., Ltd. Chinese battery maker with consumer electronics (smartphones, laptops), EV, and ESS product lines using LFP and ternary chemistries. Comparable to LISHEN as a horizontal Chinese cell manufacturer with three-segment exposure and similar OEM customer profiles.
• Gotion High-Tech Co., Ltd. Chinese battery manufacturer producing LFP cells for EVs, energy storage, and consumer applications, with Volkswagen as a strategic shareholder. Comparable to LISHEN in chemistry portfolio and customer mix, competing for similar tier-2 OEM slots.
• BYD Company Limited: Vertically integrated EV and battery manufacturer with significant lithium-iron-phosphate (LFP) cell production for its own vehicles plus third-party supply. Comparable to LISHEN in chemistries (LFP focus) and EV cell supply, but with the advantage of captive vehicle demand.
• CALB (China Aviation Lithium Battery Technology Co., Ltd.): Major Chinese power battery manufacturer focused on EV cells for passenger and commercial vehicles, with growing ESS presence. Direct competitor to LISHEN's e-mobility segment and comparable in scale and target customer base.

Emerging players

• Farasis Energy (Ganfeng LiEnergy): Chinese battery manufacturer specializing in soft-pack and pouch cells for EV and ESS applications, with emerging European manufacturing footprint. Comparable to LISHEN in pouch/soft-pack consumer and EV chemistries but focused on a more premium OEM segment.

Broad incumbents

• Samsung SDI Co., Ltd. Korean tier-1 battery manufacturer supplying cells to EVs, ESS, and consumer applications including IT devices. Comparable to LISHEN as an incumbent in the same end-markets, but with premium pricing positioning and broader OEM relationships including LISHEN's own customer Samsung Electronics.
• Panasonic Energy Co., Ltd. Japanese battery manufacturer with EV cells (notably supplying Tesla), cylindrical 18650/21700 cells for consumer and power tools, and emerging ESS offerings. Comparable to LISHEN in cylindrical cell formats and consumer OEM supply, with longer automotive heritage.
• LG Energy Solution, Ltd. Major Korean battery manufacturer with global EV cell, ESS, and small-format (cylindrical) battery operations. Comparable to LISHEN's three-segment model but with materially larger scale and stronger premium-OEM positioning in North America and Europe.

Market position

Strengths5 records

Weaknesses5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance14 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

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 LISHEN