- Business
- Guangdong Dowstone Technology Co., Ltd. (300409.SZ) engages primarily in the research, development, production and sale of advanced inorganic non-metallic materials, including lithium battery materials, carbon materials and ceramic materials, serving industries such as new energy vehicles, batteries, high-end equipment, aerospace, military applications, plastics, rubber, coatings and building ceramics in China and internationally. Its core products encompass lithium battery materials like ternary precursors, cobalt sulfate and cobalt chloride; carbon materials such as carbon nanotube powder and slurry, graphene conductive paste, graphene powder and slurry, and carbon nanotube-graphene composite paste and slurry; ceramic materials including ceramic glaze, ceramic ink, frit, dry granular materials and new ceramic materials; as well as emerging offerings like silicon-carbon anodes, graphitization processing, carbon nanotube conductive agents and graphene conductive agents. Founded in 2007 and headquartered in Foshan, China, the company operates as a national high-tech enterprise listed on the Shenzhen Stock Exchange's GEM board since 2014, with approximately 2,369 employees and a focus on material innovation, process optimization and product development across its carbon materials, lithium battery materials, ceramic materials and strategic resources segments.
In recent developments, Guangdong Dowstone Technology signed a joint venture agreement in November 2024 with Foshan Solid State Qihui Private Equity Partnership to establish Guangdong Dowstone Solid State Battery Technology Co., Ltd., targeting research, development and industrialization of sulfide solid-state battery electrolytes and comprehensive solid-state battery material solutions, leveraging the company's strengths in single-walled carbon nanotubes, high-nickel ternary precursors, lithium-rich manganese-based precursors and silicon-based anodes. The company also formed a strategic partnership with Anhui Axxiva New Energy Technology Co., Ltd. in late 2024 to collaborate on solid-state battery materials, including advanced R&D, production and sales of carbon nanotubes and related novel materials. Additionally, in 2025, a subsidiary invested approximately USD 30 million in the Pre-B financing round of Qiangnao Technology (Brain Family), a brain-computer interface firm, to acquire minority shareholder rights via preferred shares and advance applications of its carbon materials in electronic skin and key humanoid robot components, including partnerships with Suzhou Nengsida Electronic Technology and Xinpensen for carbon materials in robotics; the company further announced plans to invest up to USD 165 million in a copper hydrometallurgy project in the Democratic Republic of Congo and reallocated raised funds to a 120-ton-per-year single-wall carbon nanotube project.