Yonhap Infomax NewsSolus 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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#YonhapInfomax #SolusAdvancedMaterials #BatteryFoil #CFLDivestment #EVMarket #OperatingLoss #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=74444
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.