SungEel HiTech is a global leader in lithium-ion battery recycling and sustainable material production. Founded in 2000 and based in Gunsan, South Korea, the company has established itself as a significant contributor to the circular economy in the battery sector. Through its advanced hydrometallurgical processes, SungEel HiTech recovers valuable materials such as nickel, cobalt, and lithium from end-of-life batteries and manufacturing scrap, achieving recovery rates exceeding 95%.
The company operates across multiple continents, with facilities in South Korea, China, Malaysia, India, Hungary, and the United States. Its mission centers on transforming finite resources into infinite ones, supporting the growing electric vehicle (EV) industry while reducing environmental impact through sustainable practices.
Battery Technology
SungEel HiTech’s proprietary technology focuses on an environmentally responsible approach to battery recycling. Their process begins with a specialized discharge and dismantling procedure, followed by component separation using advanced hydrometallurgical techniques. This method enables the production of high-purity materials essential for new battery manufacturing, including nickel sulfate, cobalt sulfate, lithium carbonate, manganese sulfate, and electrolytic metals.
The company’s facilities implement a 100% circulatory recycling system, which minimizes waste generation while maximizing material recovery. Their process operates without generating wastewater, significantly reducing the environmental footprint compared to traditional mining and refining methods. The technology reduces carbon emissions by 40-67% compared to conventional raw material extraction processes.
SungEel HiTech’s recycling capacity supports the production of batteries for approximately 400,000 EVs annually. The company continuously enhances its processes through partnerships with automation specialists and battery manufacturers, ensuring their recovered materials meet strict quality standards for reuse in new batteries.
Recent Projects
In 2024, SungEel HiTech announced the development of a recycling park in Indiana, USA, their second North American facility. This installation, scheduled to begin operations by Q2 2025, will produce battery materials sufficient for 100,000 electric vehicles annually. The company is also expanding its European presence with plans for additional hydrometallurgical post-treatment plants in Hungary, Germany, and France, addressing EU regulations on black mass exports.
Investors
SungEel HiTech completed its initial public offering on July 28, 2022, and trades on the KOSDAQ exchange under the ticker symbol 365340. SJ Investment Partners serves as a known investor, though specific details about other investors are not publicly available. The company maintains its fiscal operations from January to December.
Business Details
Location: Gunsan, South Korea
Website: https://sungeelht.com
LinkedIn: https://www.linkedin.com/company/64848935
