I AM Signs Business Agreement with Zhonghuachang... "Cooperation for Commercialization of Composite Coating and Entry into China"

IM, which is promoting a new business in composite copper foil, announced on the 26th that it has signed a business agreement with China's Huachuang for cooperation in the composite copper foil and high-end flexible copper clad laminate (FCCL) business.

According to this agreement, both companies plan to cooperate mutually to establish composite copper foil standards, commercialize the product, and secure market dominance. IM will provide composite copper foil samples for secondary batteries and be responsible for technical support necessary for standard establishment. Huachuang will actively cooperate in marketing IM's entry into the Chinese composite copper foil market, including technical cooperation required for mass production of composite copper foil.

Huachuang is a Chinese copper foil manufacturer directly invested in by global secondary battery companies CATL (Ningde Shidai) and BYD.

Composite copper foil is manufactured by depositing and plating copper on both sides of polymer films such as polyethylene terephthalate (PET) and polypropylene (PP). It is regarded as a product that overcomes the technical limitations of existing copper foil. In particular, as interest in battery safety has increased due to recent consecutive electric vehicle fire accidents, the safety of composite copper foil, which is effective in preventing thermal runaway, is receiving more attention.

IM is currently preparing performance tests for mass production of composite copper foil. It plans to continue sample testing and commercialization discussions with various domestic customers, including major domestic corporations.

An IM official stated, “We have maintained continuous exchanges with Huachuang, including joint research related to composite copper foil,” and added, “We will continue to strengthen cooperation with technologically capable domestic and international companies to secure a leading position in the rapidly growing global composite copper foil market.”

Meanwhile, according to China Guohai Securities, the composite copper foil market size is expected to grow to 3.4 trillion KRW by 2025.

This content was produced with the assistance of AI translation services.