Jinsheng New Energy
A lithium battery recycling solution provider.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | CNY200m | Series C |
| Total Funding | 000k | ||
Guangdong Jinsheng New Energy Co., Ltd. operates as a key player in the lithium battery recycling sector, addressing the growing demand driven by the new energy vehicle (NEV) and energy storage markets. The company was founded in December 2010 by five brothers: Li Sen, Li Xin, Li Yao, Li Yan, and Li Wang, who leveraged their prior experience in the non-ferrous metal industry since 2005. Headquartered in Zhaoqing, Guangdong, Jinsheng New Energy has established itself as a significant third-party recycler, processing retired lithium-ion batteries to recover valuable materials.
The company's core business revolves around the harmless treatment and resource utilization of decommissioned lithium batteries. This process involves the disassembly and crushing of used batteries to perform full element recovery, extracting materials like lithium, nickel, cobalt, graphite, manganese, and iron. Jinsheng New Energy's business model is centered on creating a closed-loop industrial system, from battery retirement to the production of new lithium battery materials. Revenue is primarily generated from the sale of these recycled products, which include battery-grade cobalt sulfate, nickel sulfate, manganese sulfate, and lithium carbonate. These materials are then supplied to manufacturers in the global battery supply chain, including those serving prominent new energy vehicle companies.
Jinsheng New Energy's clients include lithium battery manufacturers and electric vehicle producers from whom they source decommissioned batteries and production waste. The company has gained significant recognition, being included in the Ministry of Industry and Information Technology's "white list" of enterprises for comprehensive utilization of waste power batteries and was listed on the 2024 Hurun Global Unicorn List. The company has undertaken several funding rounds, attracting investment from notable firms such as CICC, Fosun RZ Capital, GAC Capital, and Bosch Ventures, and has filed for an IPO in Hong Kong.
Keywords: lithium battery recycling, battery materials, resource recovery, circular economy, new energy vehicles, cobalt sulfate, nickel sulfate, lithium carbonate, energy storage, battery supply chain, waste battery utilization, sustainable materials, cleantech, industrial recycling, EV batteries, hazardous waste treatment, non-ferrous metals, battery recycling solutions, e-waste management, green technology