Hefei Shangchao Material Technology Co., Ltd. was a holding subsidiary invested by Shanghai Superconductor in 2023. It was established against the background of the Institute of Plasma Physics’ industrial agglomeration for the needs of national major scientific projects and the guidance of the superconductivity field towards downstream enterprises to establish subsidiaries in Hefei. The company is building a high-temperature superconducting material production line in Hefei, aimed at the superior low-temperature strong magnetic field performance tape material required by the controlled nuclear fusion field, supplying high-performance high-temperature superconducting tapes in batches, and supporting the construction of major scientific engineering projects in China.