Lithium materials enterprises send nickel and cobalt to apply for Hong Kong IPO

Published: Feb 20, 2022 16:31

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[lithium materials enterprises apply for Hong Kong IPO] according to documents filed by the Hong Kong Stock Exchange, Shanghai Gepai Nickel-Cobalt Materials Co., Ltd. (referred to as "Gepai Nickel-Cobalt") has applied for Hong Kong IPO. According to the public data of the market, Gepai Nickel and Cobalt was established in 2006, focusing on the R & D, production and manufacture of cathode materials and raw materials for new energy vehicle power batteries, 5G digital products and mobile energy storage devices. Gepai Nickel-Cobalt investment and operation areas include: lithium-ion batteries and future batteries need key metal nickel, cobalt and lithium resources; high-nickel battery nickel-cobalt materials; lithium manganate and lithium iron phosphate cathode materials.

According to HKEx documents, Shanghai Gepai Nickel-Cobalt Materials Co., Ltd. (referred to as "Gepai Nickel-Cobalt") has applied for Hong Kong IPO.

According to the public data of the market, Gepai Nickel and Cobalt was established in 2006, focusing on the R & D, production and manufacture of cathode materials and raw materials for new energy vehicle power batteries, 5G digital products and mobile energy storage devices.

Gepai Nickel-Cobalt investment and operation areas include: lithium-ion batteries and future batteries need key metal nickel, cobalt and lithium resources; high-nickel battery nickel-cobalt materials; lithium manganate and lithium iron phosphate cathode materials.

According to the official website of Gepai Nickel and Cobalt, the company has established the Academia Sinica and continues to invest heavily in research and development in areas such as high-performance lithium-ion batteries, solid-state batteries and sodium-ion batteries. By 2021, more than 100 patents have been applied for, including more than 20 invention patents.

It is understood that the Academia Sinica has been established to continue to invest in high-performance lithium-ion batteries, solid-state batteries, sodium-ion batteries and other fields. By 2021, GE has applied for more than 100 patents, including more than 20 invention patents.

It is worth noting that GE Pai Nickel and Cobalt has completed several rounds of financing, with an amount of more than 1 billion yuan:

In January 2021, GE Pai Nickel and Cobalt received round B financing from Fuzhe Capital, Zhejiang Venture Capital, National Reform Fund and Wanyin Capital.

In September 2021, LG Chemical, one of the world's largest battery manufacturers, injected 35 billion won (about 200 million yuan) into GE Pai Nickel and Cobalt.

In December 2021, GE Pai Nickel and Cobalt successively launched round C and round C + financing. Among them, C+ round financing has been highly recognized by many investment institutions, led by Pacific Century Capital and Shengshi Capital, followed by Yuntai Capital and Lishui State Capital, and Jinsha Capital (Shagang Group).

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