Is CNGR Advanced Material Co Ltd Stock Halal?

CNGR Advanced Material Co Ltd is a CN-based company operating in Electrical Equipment industry. The company is headquartered in Tongren, Hunan and currently employs 18,038 full-time employees. The company went IPO on 2020-12-23. CNGR Advanced Material Co Ltd is a China-based company mainly engaged in the research, development, production, and sales of cathode materials and precursors for new energy batteries. The firm's main products include nickel-based materials (ultra-high nickel precursors, precursors for solid-state batteries, low-altitude economical precursors, and cost-effective medium-nickel high-voltage precursors), cobalt-based materials (high-voltage cobalt tetroxide), phosphorus-based materials (iron phosphate precursors and lithium iron phosphate), sodium-based materials (polyanionic sodium electrodes and layered oxide sodium electrodes), and new energy metal products. The firm's products can be applied in electric vehicles, energy storage systems, and consumer electronics. The firm mainly operates its businesses in the domestic and overseas markets.