Ronbay Technology's Q3 2024 Sales Surge, Leading Global Ternary Material Market

[Ronbay Technology's Q3 2024 Performance Report] SMM has learned that Ningbo Ronbay New Energy Technology Co., Ltd. released its third-quarter report for 2024 on October 30th. The report indicates that in the third quarter, Ronbay Technology's total sales of main business products amounted to 36,400 tonnes, with sales of ternary materials exceeding 35,000 tonnes, marking a year-on-year increase of 27% and a quarter-on-quarter increase of 33%. Since 2022, its market share has consistently ranked first globally.

During the same period, Ronbay Technology's global ternary market share reached 14.4%, a significant increase of 4 percentage points compared to the second quarter. Its market share advantage over the second and third players in the industry has further expanded, indicating a more concentrated industry landscape. In the third quarter of 2024, Ronbay Technology's sales to overseas customers amounted to nearly 15,000 tonnes, representing a year-on-year increase of over 500%. Sales of ultra-high nickel products with a nickel content above 9 series exceeded 20,000 tonnes, marking a year-on-year increase of over 250%.