Who is Ningbo ronbay?

Ningbo Ronbay New Energy Technology Co Ltd is a China-based company mainly engaged in the research and development (R&D), production and sales of lithium battery cathode materials and their precursors. The Company's core products are NCM811 series, NCA series, Ni90 and above ultra-high nickel series ternary cathode and precursor materials.

What happened to Ningbo ronbay New Energy Technology Co Ltd?

On Monday, Ningbo Ronbay New Energy Technology Co Ltd (688005:SHH) closed at 29.44, 53.57% above the 52 week low of 19.17 set on Sep 18, 2024. Data delayed at least 15 minutes, as of Oct 28 2024. All markets data located on FT.com is subject to the FT Terms & Conditions

What currency does Ningbo ronbay New Energy Technology Co Ltd use?

Data as of Dec 05 2024. Currency figures normalised to Ningbo Ronbay New Energy Technology Co Ltd's reporting currency: Chinese Yuan Renminbi CNY Ningbo Ronbay New Energy Technology Co Ltd (688005:SHH) company profile with history, revenue, mergers & acquisitions, peer analysis, institutional shareholders and more.

Does Ningbo ronbay support audio?

audio is not supported! (Yicai) Aug. 21 -- Ningbo Ronbay New Energy Technology will spend CNY2.6 billion (USD362 million) to construct two battery materials factories in Chungju, South Korea in order to better meet demand from South Korean battery giants and to expand its footprint overseas.

Will ronbay GO Global?

Ronbay plans to leverage the South Korean market to go global in Europe, North America and Japan, the firm said in its globalization strategy released on Aug. 9. The company is made up of both Chinese and South Korean management teams and so it is very familiar with the business culture and laws in South Korea.

Why is ronbay positioned in South Korea?

By positioning itself in South Korea, Ronbay is able to bypass international trade barriers. South Korea enjoys zero tariffs on exports to Europe and the US, while Ronbay’s China-based plants are slapped with a 25 percent tariff on exports to the US and 6 percent to Europe, it said in its 2022 annual report.