Easen Tech Breaks Through Industry Doldrums with Technological Innovation in 2025

Against the backdrop of a structural imbalance plaguing the global lithium battery materials industry—characterized by a shortage of high-end products and an oversupply of low-end ones—China’s Easen Technology has achieved a remarkable turnaround in 2025, with its annual revenue exceeding 10 billion yuan and performance rebounding strongly from the bottom, demonstrating robust resilience amid the industry’s in-depth adjustment.

In a recent exclusive interview with China Securities Journal, Chen Yanbin, Chairman of Easen Technology, outlined the company’s strategy to redefine high-end materials through technological innovation, steadily advance production capacity layout, and accelerate the industrialization of next-generation technologies. “The root cause of the industry’s structural mismatch lies in the cluster of low-end production capacity and insufficient high-end supply,” Chen noted. “Genuine high-end materials must feature high technological content, excellent performance and high added value; while their pricing is relatively high, streamlined processes and cost leadership constitute the core competitiveness.”

Financial data revealed that in 2025, Easen Technology’s sales volume of cathode materials reached 148,900 tons, a year-on-year increase of 47.87%; its operating income hit 10.374 billion yuan, up 36.63% year-on-year; net profit attributable to parent company stood at 632 million yuan, and non-net profit was 500 million yuan, rising by 34.02% and 83.48% year-on-year respectively. Such performance indicators reflect the company’s leading profitability in the industry.

Despite the global lithium market’s volatility—with spot prices plummeting by over 80% from late 2022 highs to a low of $8,259 per ton in China by June 2025, according to Finance News—Easen Technology maintained stable operations. “Most of our orders adopt formula-based pricing to transmit price fluctuations in a timely manner,” Chen explained. “We also optimize the supply chain through a combination of long-term orders and point pricing, and extend our layout upstream to build a stable raw material cost advantage system.”

The company has made remarkable strides in multiple business segments. Its lithium iron phosphate (LFP) business, which entered the market only in 2023, has grown rapidly into a second growth engine, with monthly shipments approaching 10,000 tons and stable profitability. Backed by in-depth technological accumulation, Easen has launched third-and-a-half generation LFP products in mass production, with fourth-and-a-half and fifth-generation ultra-high compaction products also put into use, cooperating closely with leading customers such as China Innovation Aviation.

In its traditional advantageous segments, Easen has further consolidated its leading position. Its nickel-rich ternary materials, which meet the fast-charging and high-rate demands of large cylindrical batteries, are internationally advanced, with shipments growing significantly year-on-year. The company has established in-depth cooperation with international giants including LGES and SK On, signing a three-year long-term supply agreement in March 2025. In the lithium cobalt oxide sector, it has achieved a strong comeback, with mass production of 4.55V products and substantial sales growth of high-rate, high-voltage products.

Looking ahead to the next-generation technology, Easen has taken an early position in the solid-state battery track, a field regarded as a disruptive breakthrough in lithium battery technology with broad prospects, as noted by GEP Research. The company’s high-nickel ternary materials for all-solid-state batteries can meet the demand of over 400Wh/kg energy density, and its new sulfide electrolytes have entered batch verification by leading customers. Its 60,000-ton high-nickel production line in Finland is expected to partially start operation in the second half of 2026, marking a leap from overseas product sales to international production layout.

“As the industry competition is expected to intensify in 2026, we will focus on key technological breakthroughs, accelerate the development of high-end markets and promote the construction of the Finnish base,” Chen stated, reaffirming Easen’s commitment to leading the high-quality development of the industry.