GP Nickel Cobalt has received several rounds of financing this year, and many institutions inside and outside the province participated in its B round and B+ rounds of financing this year, and the accumulated financing amount exceeded 1 billion RMB .
Recently, the power battery material provider GP Nickel Co. announced that it has received a C round of financing led by an A-share listed company.
Power solid battery
GP Nickel Co. was established in 2006, and this year is also the 15th anniversary of the establishment of the company.
GP Nickel Co. is a high-tech enterprise mainly engaged in the deep processing of new cobalt and nickel materials and the trading of cobalt and nickel non-ferrous metals.
Its products are mainly used in the fields of cathode materials for power batteries and 3C lithium-ion batteries.
GP Nickel Co. ‘s headquarter is in Shanghai (cobalt-nickel trading) and its’ manufacturing bases are ZJ (deep processing of cobalt salt products, production expansion) and Anhui (deep processing of nickel salt products, precursor manufacturing, under planning), the market spreads all over the country and the world everywhere.
Mergers & acquisitions
GP Nickel Co. ‘s production starting point in the field of cobalt salt products was opened through mergers and acquisitions.
In 2016, GP Nickel Co. obtained the ownership of GL Cobalt & Nickel Materials Co through judicial auction, including inventory: 19.725 tons of cobalt oxide, 8.8 tons of cobalt carbonate, 4.8 tons of cobalt sulfate, and 6 tons of nickel sulfate.
The consideration paid by the auction after the completion of the transaction, the company was renamed ZJGP, and it has now developed into one of GP’s main production bases. GP Nickel Co. successfully realized the transformation from a trader to a manufacturing enterprise through this acquisition.
Development plan
At present, GP Nickel Co. is planning to build the Shanghai Global Headquarters, GP Southwest Industrial Center, etc.
It is expected to be completed in 2025, realizing an industrial base of 10,000 acres and building a new energy material manufacturing enterprise with an output value of 100 billion RMB
It is worth mentioning that in September this year, GP Nickel Co. also received an investment of 200 million RMB from a power battery manufacturer.
The current global outbreak of new energy vehicles and the growing demand for battery raw materials, the strategic cooperation with GP Nickel Co. will ensure that the power battery company obtains a stable supply of key raw materials required for the production of electric vehicle batteries.
As the core supplier of key nickel and cobalt raw materials upstream of new energy battery materials, GP Nickel Co. will provide the power battery company with 20,000 tons of nickel each year for a period of 6 years.
