SHUNHUA LITHIUM is a high-tech enterprise focusing on the safe and harmless recycling of waste lithium-ion batteries. It recently completed a Series A+ Funding round worth hundreds of millions of CNY, led by Minmetals Securities and Jiangsu Guoxin Corp.
Founded in 2016 and headquartered in Zhuzhou, SHUNHUA LITHIUM (Chinese: 湖南顺华锂业有限公司) is a technology company focusing on lithium-ion batteries recycling. It recently completed a series A+ funding round worth hundreds of millions of CNY, led by Minmetals Securities and Jiangsu Guoxin Corp, with participation by Shenzhen Guarantee Group, Keyuan Palm Innovation Fund, Shenzhen Guohua Investment Management Corp and Hunan Yitong. SHUNHUA will use the capital for the recycling project of 150,000 tons of waste lithium iron in Miluo City and R&D investment activities.
Based on the belief in developing high efficiency, green and energy-saving production line, Shunhua insists on using the lithium phosphate waste powder extraction method to recycle the waste lithium batteries, which could contribute to more than 92% of the recycle rate of valuable elements of lithium batteries.
Shunhua expanded its plant in June 2022, planning to build 6,000 square feet of production workshops, warehousing and relevant office buildings. It is expected to lead to an annual increase of 1500 tons of lithium carbonate material when this plan is executed.
Zhao Wei, R&D director of Shunhua, stated that a B2B model among battery manufacturers, car companies and recycling enterprises could be formed in the future. Shunhua currently reached strategic relationships with Guizhou Wei Te new energy technology company, Sany Automobile Manufacturing company and Miluo Wanrong car recycling company.
Shunhua 's competitors include Lithion Recycling Inc, Li-Cycle Corp, Duesenfeld GmbH, Fortum, Doe Run Company, Gopher Resource LLC, Battery Solutions and Envirostream.