## Ningbo Ronbay New Energy Technology Co., Ltd. Analysis
Ningbo Ronbay New Energy Technology Co., Ltd. is a multinational group specialized in high-tech new energy materials industry, with a focus on lithium/sodium battery cathode materials. Established in 2014, the company has grown to over 4,000 employees and achieved an annual revenue exceeding 30 billion RMB. It was jointly founded by Chinese and Korean teams with extensive entrepreneurial experience in the lithium battery cathode material industry.
On July 22, 2019, the company was listed on the Shanghai Stock Exchange's STAR Market, making it one of the first 25 companies listed on the STAR Market, with the stock abbreviation: Ronbay Technology and stock code: 688005. The company's mission revolves around developing the new energy industry and improving the living environment of human beings to create a brighter future.
Watere Capital conducted a Private Equity Round investment in the company on 01 May 2019. With a strong focus on the energy and manufacturing sectors, Ningbo Ronbay New Energy Technology Co., Ltd. is positioned as a key player in the high-tech new energy materials industry, with applications in electric vehicles, two-wheelers, energy storage equipment, and various electronic products.
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