Core Viewpoint - The strategic partnership between Nord Holdings' subsidiary, Shenzhen Baijiada New Energy Materials Co., Ltd., and Zhongchuang Xinhang Technology Group Co., Ltd. has been further deepened through a supply framework agreement for copper foil products from 2026 to 2028, ensuring a total supply of 373,000 tons [1][2]. Group 1 - The supply commitment includes 58,000 tons in 2026, 130,000 tons in 2027, and 185,000 tons in 2028, with an estimated total market value of approximately 40 billion yuan based on current copper foil market prices [2]. - This agreement follows a previous supply framework for 2025, where Baijiada committed to supplying 45,000 tons of copper foil, demonstrating a consistent growth in supply commitments over the years [2]. - Nord Holdings currently has an annual copper foil production capacity of 140,000 tons, with plans to expand to a total global capacity of 300,000 tons by 2030, covering various types of lithium battery copper foil and high-end electronic circuit copper foil [3].