On September 30, the world's largest lithium battery and electrolytic copper foil manufacturer Norde Shares signed a memorandum of understanding with Indonesia Battery Corporation (IBC). The scope of cooperation under this MoU includes market research for lithium-ion battery and PCB copper foil, and exploring investment plans to form a copper foil joint venture.
The head of Indonesia Battery Corporation expressed strong support for this initiative, promoting Indonesia as a global production hub for the battery industry, capable of supplying battery products and components to the EU, the US, and Asia. Norde Chairman Chen Lizhi stated that leveraging Indonesia's abundant copper resources, Indonesia will become Norde's hub for market expansion in the ASEAN region, and Norde is pleased to become a partner of IBC in building the battery new energy materials ecosystem.
Norde Shares is the first domestic enterprise in China to independently develop and produce electrolytic copper foil. Its products are mainly used in lithium batteries and 5G electronic communication products. The lithium battery copper foil produced by the company accounts for over 35% of the domestic copper foil market share and over 20% of the international market share. It is a leading global supplier of lithium battery copper foil for new energy vehicles. Indonesia's nickel reserves are the largest in the world, accounting for 25% of global reserves. Over the past decade, Chinese enterprises led by Tsingshan have invested in Indonesia's nickel mining industry, which has not only given China a huge advantage in the supply chain of stainless steel and new energy battery raw materials but also attracted more and more Chinese new energy battery upstream and downstream enterprises, including CATL, BYD, Gotion High-tech, REPT Battero, Lopal Technology, GEM, BTR, Hailiang, Norde, etc., to invest in Indonesia. At the same time, it has also helped the Indonesian government leverage the advantages of its nickel and copper resources to build a complete industry chain from upstream battery raw materials, battery production to downstream electric vehicle manufacturing, making Indonesia the ASEAN electric vehicle manufacturing center.
On September 30, the world's largest lithium battery and electrolytic copper foil manufacturer Norde Shares signed a memorandum of understanding with Indonesia Battery Corporation (IBC). The scope of cooperation under this MoU includes market research for lithium-ion battery and PCB copper foil, and exploring investment plans to form a copper foil joint venture.
The head of Indonesia Battery Corporation expressed strong support for this initiative, promoting Indonesia as a global production hub for the battery industry, capable of supplying battery products and components to the EU, the US, and Asia. Norde Chairman Chen Lizhi stated that leveraging Indonesia's abundant copper resources, Indonesia will become Norde's hub for market expansion in the ASEAN region, and Norde is pleased to become a partner of IBC in building the battery new energy materials ecosystem.
Norde Shares is the first domestic enterprise in China to independently develop and produce electrolytic copper foil. Its products are mainly used in lithium batteries and 5G electronic communication products. The lithium battery copper foil produced by the company accounts for over 35% of the domestic copper foil market share and over 20% of the international market share. It is a leading global supplier of lithium battery copper foil for new energy vehicles. Indonesia's nickel reserves are the largest in the world, accounting for 25% of global reserves. Over the past decade, Chinese enterprises led by Tsingshan have invested in Indonesia's nickel mining industry, which has not only given China a huge advantage in the supply chain of stainless steel and new energy battery raw materials but also attracted more and more Chinese new energy battery upstream and downstream enterprises, including CATL, BYD, Gotion High-tech, REPT Battero, Lopal Technology, GEM, BTR, Hailiang, Norde, etc., to invest in Indonesia. At the same time, it has also helped the Indonesian government leverage the advantages of its nickel and copper resources to build a complete industry chain from upstream battery raw materials, battery production to downstream electric vehicle manufacturing, making Indonesia the ASEAN electric vehicle manufacturing center.