Doosan Solus Signs Long-Term Supply Contract for Battery Film Worth 100 Billion KRW

[Asia Economy Reporter Ki-min Lee] Doosan Solus announced on the 16th that its Hungarian subsidiary DCE (Doosan Corporation Europe) has signed a long-term supply contract for copper foil used in electric vehicle batteries with a global battery manufacturer.

The contract period is four years, from 2021 to 2024, with a contract value in the range of 100 billion KRW. This is the second long-term supply contract for copper foil by Doosan Solus, following another supply agreement signed with a different battery company at the end of last year.

Doosan Solus's Hungarian subsidiary secured a supply destination for about 80% of the annual production volume of 10,000 tons of copper foil even before the factory's completion. A Doosan official explained, "The Hungarian subsidiary plans to complete construction by the end of this month, obtain permits, and start full-scale mass production from August."

Doosan Solus plans to gradually increase its production capacity from the current annual scale of 10,000 tons to 50,000 tons in line with market demand.

Copper foil is a thin copper sheet used in the anode material of electric vehicle batteries and serves as a pathway for electric current in the battery. The company explained that Doosan Solus's copper foil has excellent strength and elongation characteristics. Doosan Solus secured the core technology for copper foil by acquiring Circuit Foil Luxembourg (CFL) in 2014.

Yoon Seok Lee, CEO of Doosan Solus, stated, "The signing of the long-term supply contract is the result of global battery customers recognizing the performance and quality of Doosan Solus's copper foil," adding, "We will continue to strive to supply the best products that satisfy our customers."

This content was produced with the assistance of AI translation services.