Tsingshan has 20% direct interest in NIC's current 4 RKEF lines (70% in the 4 lines in construction), plus Tsingshan has 18% interest in NIC's equity. Given that Tsingshan has a gigantic contract to deliver in coming years, there is no doubt that NIC will greatly benefit from this new technology.
Ann: Potential Diversification into the EV Battery Supply Chain, page-12
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