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Chinese new materials firm to supply about 61,000-tonne lithium battery aluminum foil to battery firm in ROK

February 06, 2023

Abstract : Jiangsu Dingsheng New Materials Joint-Stock Co., Ltd. (603876.SH) announced that its wholly-owned subsidiary Hangzhou Five Star Aluminium Company Limited inked a cooperation agreement with LG Energy Solution, Ltd. based in the Republic of Korea (ROK), reported Shanghai Securities News.

A worker operates on a production line at a lithium battery factory in Tangshan, north China's Hebei Province, Nov. 29, 2020. (Xinhua/Yang Shiyao)

BEIJING, Feb. 6 (Xinhua) -- Jiangsu Dingsheng New Materials Joint-Stock Co., Ltd. (603876.SH) announced that its wholly-owned subsidiary Hangzhou Five Star Aluminium Company Limited inked a cooperation agreement with LG Energy Solution, Ltd. based in the Republic of Korea (ROK), reported Shanghai Securities News.

LG Energy Solution, Ltd. and its three wholly-owned subsidiaries in China will purchase about 61,000 tonnes of lithium battery aluminum foil from Jiangsu Dingsheng New Materials Joint-Stock Co., Ltd. and Hangzhou Five Star Aluminium Company Limited in 2023 to 2026. The final supply is subject to subsequent specific orders.

(Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

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Keyword: Chinese company lithium battery aluminum foil

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