Nordic Ways joins hands with IBC Indonesia to build battery industry chain

On September 30th Golden Globe's largest lithium battery, electrolytic copper foil producer Nordic Corporation signed a memorandum of cooperation with Indonesian battery group IBC. The scope of cooperation of the memorandum includes market research of lithium electronic battery and PCB copper foil, and explore the investment plan to form a copper foil joint venture.

The head of Indonesia Battery Group expressed great support for this initiative to promote Indonesia to become the production center of the global battery industry, which can supply battery products and battery components to the European Union, the United States and Asia. Nordic chairman Chen Lizhi said the use of Indonesia's rich copper resources, Indonesia will become the center of Nordic market development in the ASEAN region, Nordic is pleased to become a partner of IBC to build the battery new energy materials ecosystem.

Nordic is the first domestic enterprise to independently develop and produce electrolytic copper foil, the products are mainly used in lithium batteries and 5G electronic communication products, the production of lithium copper foil in the domestic copper foil market share of more than 35%, the international market share of more than 20%, is the international new energy automobile lithium copper foil materials leading supplier, Indonesia's nickel resource reserves for the world's first, accounting for the world reserves of 25%, over the past decade, led by Qingshan, Chinese investment in the nickel industry in Indonesia not only allows China to gain a huge advantage in stainless steel and raw materials supply chain for new energy batteries. 25%, in the past ten years, Chinese enterprises, led by Qingshan, have invested in Indonesia's nickel mining industry, which not only gives China a huge advantage in the supply chain of stainless steel and raw materials for new energy batteries, but also attracts more and more upstream and downstream enterprises of China's new energy batteries, including NINGDETAE, BYD, Guoxuan Gaoke, Ruipu Lanjun, Longbao Science and Technology, Grimmie, Bertram's, Hailiang, and Novo Nordisk to land in Indonesia. At the same time, we also help the Indonesian government to build a whole industry chain from upstream battery raw materials, battery production to downstream electric vehicles by taking advantage of the country's nickel and copper resources. Make Indonesia become the manufacturing center of electric vehicles in ASEAN.