On October 25th-26th, the 2023 China International Nickel-Cobalt Industry Annual Conference with the theme "Building a Safe and Sustainable Nickel-Cobalt Industry Supply Chain" was held in Shanghai.

During the conference, Chairman of ONGOAL TECH, Mr. Luo Caihua, delivered a speech titled "Riding the Waves to Support the Internationalization of Lithium - ONGOAL Successful Path in Materials Enterprises." In his speech, he provided insights into the concerns surrounding the international expansion of the Chinese power battery industry and shared ONGOAL TECHs determination and strategies to assist lithium battery materials enterprises in their global endeavors.

The Road to International Expansion - Facing Challenges

Currently, a new round of global power battery capacity expansion is ongoing, creating a wave of production expansion in the power battery industry that is no less significant than that of China. However, the increase in overseas market demand also brings hidden concerns:

First, there are challenges related to green production, energy efficiency, and emissions reduction due to policies and differentiated standards in Europe and the United States, limiting the international expansion of the lithium battery industry.

Second, compared to mature China supply chain resources, global projects are subject to more interference and uncontrollable factors. Ensuring the orderly delivery of projects remains a significant challenge, necessitating cooperation between domestic and international entities.

ONGOAL's Assistance in Going Global

Mr. Luo Caihua mentioned that ONGOAL TECH has developed a comprehensive business plan based on the global market and customer conditions. They have established subsidiaries in Germany, the United States, and Hungary, with plans for subsidiaries in Brazil and Japan.

In terms of compliance and certification, ONGOAL TECH has set milestones for EU CE certification, Korean KC certification, U.S. UL certification, ATEX QAN explosion-proof system, ISO system certification, and alignment with local standards for piping, materials, and coatings. This provides compliance assurance for their international expansion.

In the assembly line setup, ONGOAL TECH utilizes modular design and construction to provide standardized operations. With modular design, modules can be rapidly combined like building blocks, reducing on-site work by over 50%, shortening the project cycle by approximately 20%, and reducing the overall cost by about 20%, ensuring timely delivery for customer orders.

Regarding product equipment, ONGOAL TECH focuses on energy efficiency, reduced consumption, and high efficiency as the core research and development directions. They follow a green battery strategy and have introduced an automated solution for battery recycling "crushing segment" to support the goal of creating "zero-carbon factories."

In terms of management systems, ONGOAL TECH has introduced the concept of a "Production Management Dashboard." This platform allows for unified management, data connectivity, and monitoring of overseas production data, achieving transparency in the production process at the group level.

At present, the global expansion of the Chinese lithium battery industry is at a critical stage. ONGOAL TECH remains committed to the long-term philosophy of "dedicating ourselves to serving customers," addressing customer needs and industry pain points, and empowering the industry for high-quality development.

In the future, ONGOAL TECH will steadily advance its overseas business, accelerate technological iterations, and continue to support the development and transformation of the global new energy industry.