Hunan Shunhua Lithium Industry
Recycling waste lithium batteries into carbonate products.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor investor investor investor | €0.0 | round | |
* | CNY100m | Early VC | |
| Total Funding | 000k | ||
Hunan Shunhua Lithium Industry Co., Ltd. is a high-tech enterprise focused on the recycling of used lithium-ion batteries, particularly lithium iron phosphate (LFP) types. Founded in July 2016 by Xiao Songwen, the company is headquartered in Hunan, China, and operates as a key player in the country's circular economy and dual-carbon strategy. Xiao, who holds a doctorate in non-ferrous metallurgy from Central South University, leveraged his extensive research background in resource recycling to pioneer technologies for LFP battery reprocessing at a time when the market was more focused on ternary lithium batteries.
The company's core business involves the safe and non-hazardous recycling of waste LFP batteries and manufacturing scrap. It utilizes a proprietary hydrometallurgical process with selective lithium extraction to convert this waste directly into battery-grade lithium carbonate and other products, which can be reintroduced into the lithium battery supply chain. This technology is considered a domestic innovation, positioning Shunhua as a forerunner in the "priority lithium extraction" approach. Its main products include battery-grade and industrial-grade lithium carbonate.
Shunhua Lithium has expanded significantly since its inception, establishing a production line in Yanling in 2017 and developing additional facilities and subsidiaries, including a large-scale recycling project in Miluo and an R&D center in Changsha. The company has formed strategic collaborations with research institutions like Changsha Research Institute of Mining and Metallurgy and Central South University to advance its R&D capabilities. It has received numerous accolades, including being named a national "Little Giant" enterprise for its specialization and innovation. The business has attracted substantial investment through multiple funding rounds from notable venture capital firms and corporations, including a Pre-B round of nearly 100 million yuan, to fund channel expansion and new projects.
Keywords: lithium battery recycling, lithium iron phosphate, hydrometallurgy, circular economy, battery materials, lithium carbonate, resource recovery, cleantech, LFP batteries, waste utilization