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Huayou Cobalt (Shanghai: 603799), founded 2002 and headquartered in Tongxiang,
Chen Xuehua and Huayou Holdings act as concert parties (一致行动人); combined they hold ~20.6% (~391M shares) per the 2025-10 disclosure. GLEIF has no parent data on file for this entity (LAPSED LEI, no relationship filed), so this ownership block rests on Chinese-language company/exchange disclosures, not GLEIF. Not a subsidiary of any other dossier in this corpus — Huayou Holdings is a privately-held holding vehicle with no dossier of its own.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 2 suppliers, 16 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Name withheld. Disclosed on its own under the SSE trigger for a >50% single customer / a NEW entrant to the top 5 / severe dependence — on these figures the new-entrant limb is the applicable one. RMB 5.114bn. Rank label is NOT joinable across vintages, and is not even stable WITHIN this filing: a separately-numbered 客户1-5 table for the trading segment lists a different 客户5 at RMB 0.269bn / 0.33%.
Name withheld. Disclosed under the same trigger as 客户5 above. RMB 2.108bn. Same caveat: rank label not joinable across vintages.
Signed contract for 127,800 t of ultra-high-nickel cathode material. Named in the MD&A narrative as a contracted counterparty; NOT mapped to any numbered top-5 slot by the filing.
Order for 76,000 t precursor plus 88,000 t cathode material. Also named separately as a battery-recycling cooperation partner. Not mapped to a numbered top-5 slot.
The filing states Huayou signed a supply framework agreement with Tesla and entered its core supply chain for NCM precursor. This is the only OEM in the filing described as holding a direct contract — the other automakers named are end-use applications reached through cell makers. NCM precursor is a component, not raw nickel trade; the filing names no plant or delivery country.
Strategic agreement covering solid-state and semi-solid-state battery materials. Also a named industry-academia research partner. No volume or value disclosed.
Strategic agreement on solid/semi-solid batteries, and separately named as a low-altitude-economy supply-chain customer. No volume disclosed.
Named as a supply-chain entry in the low-altitude-economy (eVTOL/drone) segment. Qualification-stage language; no volume disclosed.
Named as a low-altitude-economy supply-chain entry. No volume disclosed.
Named as a low-altitude-economy supply-chain entry. No volume disclosed.
New H1-2026 name, not in the FY2025 filing. MD&A: solid-state battery collaboration 'proceeding smoothly' alongside LGES/Molicel/WeLion/QingTao Energy. No volume or contract value disclosed (p.10 of the PDF).
New H1-2026 name. Same solid-state battery collaboration sentence as the SK On row above. No volume or contract value disclosed (p.10 of the PDF).
New H1-2026 name. Same solid-state battery collaboration sentence as the SK On row above. No volume or contract value disclosed (p.10 of the PDF).
Indirect: disclosed under 'other material contracts' (announcement 2026-007, 2026-01-31). HYD Investment Limited — owned 70% by a Huayou wholly-owned subsidiary, alongside wholly-owned subsidiaries of EVE Energy and PT DAAZ Bara Lestari Tbk — signed a framework agreement with PT Aneka Tambang Tbk and PT Industri Baterai Indonesia for an Indonesia EV-battery full-industry-chain project; ore for the project is stated to be supplied by an Aneka Tambang subsidiary. Recorded as `supplier` to the Huayou-controlled JV vehicle, not directly to Huayou's own balance sheet — flagged as an indirect relationship, not diluted to a `both`/ambiguous role.
New H1-2026 disclosure, different product line from the FY2025 127,800t cathode contract row: cylindrical (大圆柱) battery materials now at 'scale volume' (规模放量) across EVE and other leading cell makers, described as market-leading. Also a named counterparty on the Hungary ternary-cathode plant's long-term contracts (with LGES) — see LGES row below. No new tonnage/value figures disclosed.
New H1-2026 disclosure, distinct from the FY2025 76,000t precursor / 88,000t cathode order row: Huayou's Hungary ternary-cathode-material plant (entering line-commissioning) has signed long-term contracts with LGES and EVE Energy locking in project offtake ahead of European localised production. No tonnage/value disclosed.
Status upgrade from the FY2025 row: FY2025 described CALB as a 'qualification-stage' low-altitude-economy (eVTOL) entry; H1-2026 states mass production (量产) has been achieved for CALB and Zhejiang Jinyu as eVTOL customers. No volume disclosed.
Same status upgrade as the CALB H1-2026 row: mass production achieved for the eVTOL supply-chain relationship, versus FY2025's qualification-stage language. No volume disclosed.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
5 other tracked dossiers name this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 1004 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
LG Corp's own release: LG Chem established a JV (51% LG Chem) with Huayou Cobalt subsidiary B&M to produce NCMA cathode material at Gumi, South Korea (mass production from H2 2024, 60,000t/yr); a separate LG Chem-Huayou JV for precursor material is planned at Gunsan (phase 1 capacity 50,000t/yr, targeted 2026). Huayou Cobalt is an independent Chinese company, not under common control with LG Chem -- not a related party.
Three-way JV (Ford, PT Vale Indonesia, Huayou) for the Pomalaa HPAL project, Indonesia; Huayou also refines DRC-origin cobalt ore for Ford's NCM cathode supply chain. Total project capacity up to 120 kt/yr contained nickel as MHP; Ford's specific offtake share not stated in the public 2023 agreement announcement. Pomalaa HPAL was not yet in production per the 2023 announcement, so no purchase is evidenced and no destination is stated.
Same prospectus passage (p.252): customers of the nickel-cobalt compound (MHP) produced by TBP's HPAL Project 'primarily include smelting/refining companies and ternary battery-material producers in China's NEV industry, such as GEM China, CNGR Advanced Material Co., Ltd., and Huayou Cobalt.' No tonnage or share-of-sales percentage disclosed.
Volkswagen Group China's own press release: two non-binding MoUs, not a binding offtake — Huayou is party to BOTH the upstream Indonesia nickel/cobalt raw-material JV (with Tsingshan Group also a party) and a separate downstream JV in Guangxi, China refining nickel/cobalt sulfates, precursor and cathode active material. Upstream JV targets nickel/cobalt raw-material output sufficient for 160 GWh of battery demand at final expansion; no equity split or in-service date given in the primary release (third-party coverage, not re-cited here as primary, put first production around 2025). confidence: secondary because this is a signing-stage MoU, not a confirmed operating supply flow — no post-2022 construction/operational update was found in this search, so treat as an unconfirmed-progress commitment, not a live counterparty relationship. Fills this dossier's previously-flagged gap of no named nickel/cobalt cathode-precursor miner upstream of Umicore/IONWAY (this is a separate, VW-China-direct nickel/cobalt line, not upstream of IONWAY specifically). Dossier: docs/intelligence/dossiers/huayou-cobalt.md. MoU only, not a purchase; no delivery route stated.
Recorded as customer because the Huali/Pomalaa HPAL joint ventures process PT Vale Indonesia's Sorowako/Pomalaa nickel ore into MHP that Huayou further refines into nickel/cobalt sulphate and PCAM for EV batteries (Huayou is simultaneously JV equity partner and HPAL-technology provider, not a pure offtaker). Per Vale's 25-Aug-2023 press release: Definitive Cooperation Agreement targeting 60,000t nickel + ~5,000t cobalt/year in MHP from the Sorowako block (Huali project); parallel Pomalaa HPAL facility (with Ford Motor Co. as third equity partner) targets ~120,000t/yr contained nickel. No per-tonne offtake price or volume split disclosed in this release.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
This company sits on the supply side for 4 of its 5 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is coverage-limited.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.