Lotte Energy Materials Narrows Q4 Operating Loss to KRW 33.8 Billion as Downstream Weakness Persists
Lotte Energy Materials narrowed its Q4 operating loss to KRW 33.8 billion amid weak downstream demand, focusing on expanding AI circuit foil sales and high-end battery foil production.
Solus Advanced Materials Co. has sold its Luxembourg copper foil subsidiary for 278.4 billion won ($215 million) to focus on electric vehicle battery materials, as it ramps up battery foil production in Europe and North America amid strong EV market growth.
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Solus Advanced Materials Sells European Subsidiary for 278.4 Billion Won to Focus on Battery Foil
Solus Advanced Materials Co. has sold its Luxembourg copper foil subsidiary for 278.4 billion won ($215 million) to focus on electric vehicle battery materials, as it ramps up battery foil production in Europe and North America amid strong EV market growth.
Solus Advanced Materials Signs Battery Foil Supply Deal with China’s CATL—First for a Korean Firm
Solus Advanced Materials becomes the first Korean supplier to sign a battery foil deal with CATL, targeting the European EV market from 2026 via its Hungarian plant.
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