Yibang International wins the bid for industrial land in Inner Mongolia, planning to build a new material production base for amorphous and nanocrystalline materials

Deep Tide TechFlow News, June 14, according to GlobeNewswire, Nasdaq-listed company Ebang International announced that its subsidiary has successfully won a bid for an industrial land in Xinghe County, Ulanqab City, Inner Mongolia Autonomous Region, and plans to build an efficient amorphous and nano-crystalline new material production base.

It is understood that the project will leverage Inner Mongolia's abundant wind power, photovoltaic resources, and local clean energy policy advantages, focusing on the research and development and manufacturing of amorphous and nano-crystalline new materials.

According to the company's disclosure, the production base will focus on the production of high magnetic permeability, ultra-low loss materials, with product performance meeting the latest transformer energy efficiency standards of the U.S. Department of Energy (DOE), and can be applied in photovoltaic power generation, energy storage systems, new energy power conversion equipment, and smart data centers, among other fields.

As global AI computing power demand and new energy infrastructure construction continue to grow, the high-performance power materials market is attracting increasing attention. This layout also demonstrates that Ebang International is further expanding its business boundaries, exploring new materials and new energy-related tracks beyond the digital asset industry.