NDTB announced on the 27th that the company will raise non-public offering of shares to a total of no more than 200 million RMB, after deducting the issue costs, will be used to produce 25,000 tons of electrolytic copper foil for power batteries per year The project and supplementary working capital are detailed in the table below:
According to the announcement, the annual production of 25,000 tons of electrolytic copper foil for power batteries is part of NDTB's annual output of 40,000 tons of electrolytic copper foil for power batteries. The project is positioned to produce 6 micron and 8 micron lithium copper foil products, which are designed to meet Power lithium batteries improve technical goals such as energy density, weight reduction, and weight reduction. The project will be completed by Qinghai Nuode, with a construction period of 3 years, and the total planned investment of the project is 1.812205 million yuan.
The announcement shows that, driven by the rapid development of the new energy vehicle industry, power lithium batteries have also flourished and production and sales have increased rapidly. The vigorous development of new energy automobile industry and power lithium battery industry has brought huge market demand for lithium battery copper foil.
According to public information, the former name of NDTB is the Changchun Heat-shrinkable Material Factory established by the Changchun Institute of Applied Chemistry of the Chinese Academy of Sciences in 1987, and it is a national high-tech enterprise. The company is mainly engaged in the research and development, production and sales of electrolytic copper foil. Its copper foil products are mainly used in power lithium battery production and manufacturing of copper foil for power lithium batteries. In addition, the company has been operating in the standard copper foil market for printed circuit boards for many years, and has a rich foundation in the standard copper foil market.
In addition,NDTB has established a stable and stable cooperative relationship with well-known domestic power battery companies such as CATL, BYD, Guoxuan Hi-Tech, Tianjin Lishen, and Waterma, and it is gradually becoming well-known internationally with Panasonic, LG Chemical, etc. Manufacturers established business cooperation relationships and started to penetrate the international market of lithium battery copper foil for power batteries.