Chinese copper foil manufacturer Long Dian Huaxin has applied to go public in the United States or to raise $350 million.

Chinese copper foil and copper-clad laminate manufacturer Chengdu Dragon Electronics and New Materials Co., Ltd. submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission (SEC) last Thursday. The company plans to list on the New York Stock Exchange, but has not yet determined its stock code. It is estimated that the company's IPO fundraising scale could reach up to $350 million. Chengdu Dragon Electronics and New Materials Co., Ltd. is headquartered in Shenzhen, China, and was established in 2001. The company is a manufacturer of electrolytic copper foil, which is a key material for lithium-ion batteries used in electric vehicles (EVs). The company also produces energy meters and energy storage systems. With its production capacity and market share, the company has become one of the world's largest lithium battery copper foil manufacturers, with multiple production bases in China and a new production base under construction in Malaysia. The company's products include high-performance lithium battery copper foil, electronic circuit copper foil (RTF and HVLP), and flexible copper-clad laminate, which are widely used in electric vehicle batteries, 5G communication, consumer electronics, and energy storage industries. Its customers include major battery manufacturers such as Contemporary Amperex Technology, BYD Company Limited, LG Energy Solution, Samsung SDI, and Panasonic. The company achieved revenue of $1.6 billion in the past 12 months as of December 31, 2025.