Shenzhen Yinghe Technology

What Shenzhen Yinghe Technology does

Shenzhen Yinghe Technology (深圳市赢合科技股份有限公司, ticker SZSE:300457) is a Chinese manufacturer of intelligent equipment for lithium battery production, founded in 2006 and listed on the Shenzhen Stock Exchange ChiNext board in 2015 as one of the first publicly listed companies in China's lithium battery equipment industry. The company is headquartered in Shenzhen with four manufacturing bases across Shenzhen, Huizhou, and Dongguan (totaling approximately 870,000 m² of facility area and ~200亿元 CNY in stated annual production capacity), and operates 10 wholly-owned global subsidiaries across Germany, the United States, Hungary, Korea, and Southeast Asia to localize service for international customers.

Yinghe offers full-line lithium battery manufacturing solutions spanning electrode preparation (single/double-layer extrusion coating machines including the industry-first Super-E S-Type, rolling machines, slitting machines), cell formation (21700 and 46-series/4680 cylindrical winding machines, prismatic winding, and ultra-high-speed cutting-stacking integrated machines), and final assembly (prismatic M6T lines, cylindrical assembly lines, short-blade cell lines, aluminum-shell lines). Underlying proprietary technology includes 1.6m ultra-wide dual-layer coating at 120 m/min, 0.15 s/p three-station laser cutting-stacking, multi-material auto-change winding, magnetic levitation assembly technology, and full closed-loop winding control. The company holds 2,800+ authorized patents and led the formulation of 5+ national industry standards. Since 2025 it has launched solid-state battery equipment solutions covering both wet-process and dry-process routes, positioning for next-generation battery manufacturing. Shanghai Electric Group became a major strategic shareholder in 2020.

Yinghe generates revenue primarily through one-time/perpetual equipment sales with multi-year contracts, plus associated delivery, installation, and after-sales technical services. Pricing is project-based on equipment specification, customization level, and technical requirements. The company uses a direct sales model with a field-sales focus on global TOP10 lithium battery manufacturers and new energy vehicle OEMs, including CATL, BYD, LG Energy Solution, Samsung SDI, BMW, Volkswagen, ACC, Gotion, EVE Energy, and Yiwei Lithium — all of whom have publicly recognized Yinghe as an excellent/strategic supplier. The company also operates consumer-vape sub-brands (Sikary, Ske Vape, Memers Vape, VFLY Vape) as a secondary business line.

Name

Shenzhen Yinghe Technology

Legal name

深圳市赢合科技股份有限公司

Website

https://yhwins.com

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Shenzhen Yinghe Technology (深圳市赢合科技股份有限公司, SZSE:300457) is a Chinese manufacturer of intelligent full-line lithium battery production equipment — covering coating, winding, stacking, and assembly — plus emerging solid-state battery equipment, serving global top-tier battery makers and EV OEMs such as CATL, BYD, LG Energy Solution, Samsung SDI, BMW, and Volkswagen.

Ownership category

akta.pro rank

Product category

Lithium Battery Manufacturing Equipment

NAICS

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

SIC

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

akta.pro primary industry

Battery Pack Manufacturing & Module Assembly (EUAFABAI)

akta.pro secondary industries

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Pack & Module Manufacturing (EV) (IMACACAA), Solid-State Battery Materials & Cell Manufacturing (EUAFABAH)

Keywords

• Lithium battery equipment
• Battery cell manufacturing
• Electrode coating machines
• Winding stacking equipment
• Solid-state battery equipment

Headquarters

HQ city

Nanshanqu

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 锂电智能装备销售: 销售锂电池制造设备，包括涂布机、辊压机、分切机、卷绕机、叠片机、组装线等单机设备及整线解决方案
2. 设备交付及技术服务: 提供设备安装调试、技术支持、售后服务等

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Shenzhen Yinghe Technology designs, manufactures, and sells intelligent equipment for lithium battery production, covering the entire manufacturing chain from electrode preparation (coating, rolling, slitting) to cell assembly (winding, stacking) and final assembly. It also provides solid-state battery equipment solutions (both wet and dry process) and complete-line digital factory solutions to global battery manufacturers and new energy automotive companies.

Product overview

Shenzhen Yinghe Technology (赢合科技) provides world-class lithium battery manufacturing equipment and solid-state battery equipment solutions. The company offers comprehensive manufacturing equipment for the lithium battery production chain: electrode preparation equipment (coating, rolling, slitting), cell manufacturing equipment (winding and stacking), and assembly equipment. Key product lines include: (1) Lithium Battery Equipment Solutions covering complete line solutions, coating-rolling-cutting series (single/double-layer Super-E coating machines, rolling-cutting integrated machines, slitting machines including 2mm Bluetooth slitter), winding series (21700 high-speed winding machines, 46-series laser cutting-winding integrated machines, prismatic power winding machines), cutting-stacking series (ultra-high-speed digital cutting-stacking machines, laser cutting-stacking machines, 590 series stacking machines), and assembly line series (prismatic M6T assembly lines, cylindrical assembly lines, short-blade cell assembly lines, aluminum shell assembly lines); (2) Solid-State Battery Equipment Solutions including wet process equipment (solid electrolyte transfer equipment, solid wet coating equipment) and dry process equipment (dry dispersion+fibrillation integrated equipment, dry film formation+composite integrated equipment). The company also develops AI-powered features including an AI digital employee for customer interaction and AI-integrated production line management systems.

Differentiator

Problem solved

Functional benefit

Brands

• 雅康 (Yakang): Subsidiary specializing in winding and laser equipment for lithium batteries, including 21700/4680 cylindrical battery winding machines and laser cutting equipment.
• 和合 (Hehe)
• 隆合 (Longhe)
• 赢合智能 (Yinghe Smart)

Products and services

• Complete Line Solutions (整线解决方案) Full lithium battery production line solutions providing integrated equipment from electrode coating through final cell assembly, enabling end-to-end manufacturing capability for global battery manufacturers.
• Coating Rolling Cutting Series (涂辊分系列) Equipment series for electrode coating, rolling, and slitting including single/double-layer extrusion coating machines, Super-E coating machines, rolling-cutting integrated machines, and slitting machines.
• Super-E S-Type Coating Machine (Super-E系列S型涂布机) Industry-first S-type coating machine featuring innovative folding return design. Successfully shipped first batch to customers in January 2026, representing industry-first differentiated technology in the coating equipment segment.
• Winding Series (制卷系列) Battery cell winding equipment including cylindrical winding series (21700, 46 series), power winding series, 3C winding series, and laser series for various battery form factors.
• 21700 High-Speed Winding Machine (21700高速卷绕机) High-speed cylindrical cell winding equipment for 21700 format batteries achieving 40PPM efficiency. Features ultrasonic welding, automatic tape application, and CCD inspection.
• 46-Series Laser Cutting Winding Integrated Machine (46系列激光切卷绕一体机) 4680 cylindrical battery manufacturing equipment integrating laser tab cutting and automatic winding. Achieves 24PPM efficiency with ≥99.8% qualification rate.
• Cutting Stacking Series (切叠系列) Battery cell cutting and stacking equipment including ultra-high-speed digital cutting-stacking integrated machines, laser cutting-stacking integrated machines, and multi-station cutting-stacking machines for prismatic cells.
• Ultra-High-Speed Digital Cutting Stacking Integrated Machine (超高速数码切叠一体机) Industry-leading cutting-stacking equipment for high-speed prismatic battery manufacturing. Debuted at The Battery Show Europe 2026.
• Cutting Stacking Machine 590 Series (切叠一体机590系列) Pouch cell assembly equipment for 590 series format batteries with high efficiency and precision.
• Assembly Line Series (组装线系列) Battery cell assembly lines including prismatic cell assembly lines (M6T), cylindrical battery automatic assembly lines, short-blade cell assembly lines, and aluminum shell battery assembly lines.
• Prismatic Battery Assembly Line M6T (方壳电池组装线M6T) Complete prismatic cell assembly line for large format batteries including thermal pressing, helium testing, electrolyte injection, and sealing.
• Cylindrical Battery Automatic Assembly Line (圆柱电池自动组装线) Automated assembly line for cylindrical battery cells including feeding, welding, and packaging.
• Submerged Short-Blade Cell Assembly Line (下沉式极简短刀电芯装配线) Advanced assembly line for short-blade battery cells featuring submerged process technology.
• Aluminum Shell Battery Automatic Assembly Line (铝壳电池自动组装线) Automated assembly equipment for aluminum shell prismatic batteries.
• Solid-State Battery Equipment Solutions (固态电池装备解决方案) Next-generation solid-state battery manufacturing equipment solutions including both wet process and dry process solid-state battery equipment for emerging energy storage applications.
• Solid-State Wet Coating Equipment (固态湿法涂布设备) Wet process solid-state battery coating equipment. First batch wet solid-state battery equipment solution provider domestically and globally. Coating width up to 900mm, speed up to 80m/min.
• Solid Electrolyte Transfer Equipment (固态电解质转印设备) Equipment for transferring solid electrolyte materials in solid-state battery manufacturing. Available in 500 and 1050 series with maximum speed of 30-60m/min.
• Solid-State Dry Dispersion+Fibrillation Integrated Equipment (固态干法分散+纤维化一体设备) Dry process solid-state battery equipment integrating material dispersion and fibrillation for next-generation solid-state battery production.
• Solid-State Dry Film Formation+Composite Integrated Equipment (固态干法成膜+复合一体设备) Dry process equipment for solid-state battery electrode film formation and composite layer processing.
• Laser Scoring/Punching Machine (激光划线/打孔机) Full-automatic electrode scoring and punching equipment for coating etching with ±0.1mm spacing accuracy. Single laser ≥15m/min, dual laser ≥25m/min efficiency.
• Slitting Machine (分切机) Electrode slitting equipment for cutting coated electrodes to required widths with high precision.
• Bluetooth Slitting Machine (蓝牙分条机) Specialized narrow-width slitting machine for Bluetooth battery electrodes, achieving minimum 2mm slitting width.
• Prismatic Power Laser Winding Integrated Machine (方形动力激光卷绕一体机) Prismatic power battery equipment integrating laser tab forming and automatic winding. Achieves 6PPM efficiency with 3000mm/s line speed. Features automatic material handling, multi-stage dust removal, and CCD inspection.

Quantifiable outcome

• 涂布机在头部客户市占率超30%
• +5 more outcomes

Named customers17 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature12 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• 德国ManzcoreStrategic or Co-development Partner · 1 January 2020赢合科技与德国Manz签订战略合作协议，在业务开拓、产品线优化及研发等方面开展合作。Manz拥有不俗的基础研发能力，对欧洲技术、安全标准以及欧洲汽车产业的工艺要求熟悉。双方的合作为赢合科技开拓欧洲和美国市场打开了新的局面。
• ACC（欧洲电池公司）coreStrategic or Co-development Partner · 1 January 2020赢合科技于2020年与ACC达成整线订单合作，2021年获其追加前段量产设备订单。2022年再获ACC 13GWh法国超级电池工厂前段量产设备订单，成为其在欧洲市场的重要合作伙伴。
• 韩国AIKminorStrategic or Co-development Partner · 1 January 2019赢合科技携手韩国AIK进军半导体设备领域，拓展新的业务领域。
• LG新能源coreStrategic or Co-development Partner · 1 January 20182018年赢合科技与LG新能源建立合作，2019年联合开发超高速圆柱卷绕设备并共享七项核心技术专利。2020年签订3.7亿圆柱卷绕线合同。赢合科技与LG新能源的深度绑定合作表明双方已成为战略合作伙伴关系。
• 雅康coreOthers · 1 January 2018赢合科技收购雅康（后更名为雅康精密/金科园区），将其打造为卷绕设备的拳头产品供应商，在制卷领域成为行业标杆，被誉为日本有KAIDO，韩国有KOEM，中国有雅康。
• 和合自动化coreOthers · 1 January 2018赢合科技收购和合自动化，专注于叠片设备的研发和制造，在叠片领域推出多款行业领先产品，如三工位激光切叠一体机。
• 隆合科技coreOthers · 1 January 2018赢合科技旗下隆合科技专注于组装线设备的研发制造，推出短刀电芯装配线、590全自动软包组装线、磁悬浮技术组装线等行业领先产品。

Scale indicators17 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• ULVAC: Japanese vacuum and industrial equipment maker with significant exposure to lithium battery coating, deposition, and roll-to-roll equipment for Asian battery makers. Broader incumbent across vacuum/electronics equipment.
• Hitachi High-Tech: Japanese industrial equipment conglomerate offering battery production equipment, semiconductor metrology, and broader industrial solutions. Competes with Yinghe for Japanese/Korean battery customers (e.g., Panasonic) while operating across multiple adjacent equipment verticals.

Emerging players

• PNE Solution: Korean secondary battery equipment maker (winding, stacking, assembly) serving Samsung SDI, LG Energy, and SK On. Direct competitor in the Korean and European battery equipment market where Yinghe is actively expanding.
• Tesla (In-house Battery Equipment): Tesla's in-house 4680 dry-electrode and cell manufacturing equipment development represents both a competitor to Yinghe's winding/coating equipment and a potential customer for niche solutions. Highly relevant due to Yinghe's 4680/21700 platform focus.

Direct peers

• Manz AG: German-based battery and electronics equipment maker that signed a strategic cooperation agreement with Yinghe in 2020 to jointly develop the European market. Direct competitor in coating/winding/assembly, particularly relevant for European gigafactory customers.
• Hangke Technology: Specializes in lithium battery formation, grading, and pack assembly equipment, with a strong focus on soft-pack and consumer battery customers. Competes with Yinghe's assembly-line business unit for similar customer wallet share.
• Wuxi Lead Intelligent Equipment: China's largest lithium battery equipment manufacturer offering coating, winding, stacking, and assembly equipment to the same CATL, BYD, LG, Samsung SDI customer base. Directly competes with Yinghe for nearly every major battery maker contract.
• Xianhui Technology: Chinese supplier of lithium battery pack assembly equipment and module/PACK lines, with growing exposure to European customers. Directly competes with Yinghe in battery pack assembly-line integrations.

Regional players

• GreatPower (Su Zhou) Energy: Hong Kong-listed energy storage and battery cell maker with vertically integrated equipment sourcing needs. Functions as both a regional equipment buyer and a fellow participant in Asia-Pacific ESS/battery equipment markets.

Others

• Targray Battery Equipment: North American distributor and integrator of battery manufacturing equipment and materials. Functions as a channel partner/competitor for Yinghe's North American expansion plans, particularly with U.S. gigafactory customers.

Market position

Weaknesses4 records

Competitive moat7 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Shenzhen Yinghe Technology