A self-made Chinese billionaire with a fascination for metallurgy is posing a fundamental challenge to a traditional auto industry already struggling to compete with China in the development of electric vehicles and batteries.
Bai Houshan, the 59-year-old founder and chair of Shanghai-listed Ronbay Technology, dominates a key part of the global market for cathode electrodes, which are core building blocks in EV batteries and account for 30 to 50 per cent of component costs.
With battery chemistries and components constantly evolving in the search for lower material costs and higher energy density, Ronbay has led a shift from cathodes with a lower nickel content to better-performing high-nickel cathode materials.
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