Solus Advanced Materials Signs Electrode Foil Supply Contract with Europe's Largest Battery Company ACC

Partnership for Advanced Development of Core Materials for Electric Vehicle Batteries

Battery foil produced at Solus Advanced Materials' factory in Hungary.

[Asia Economy Reporter Jin-ho Kim] Solus Advanced Materials announced on the 27th that it has signed a mid- to long-term supply contract for battery copper foil with ACC, the largest electric vehicle battery manufacturer in Europe.

According to the contract, approximately 200 billion KRW worth of battery copper foil will be sequentially supplied over five years from 2024 to 2028. The volume will be produced at Solus Advanced Materials' Hungary plant and delivered to ACC's first gigafactory located in Douvrin, France.

Solus Advanced Materials cited its customer-tailored battery copper foil manufacturing technology as the reason for being selected as a supplier to ACC. The Hungary plant plans to implement ACC-specialized battery copper foil by utilizing the world's first battery copper foil development technology and production know-how transferred from Circuit Foil Luxembourg, a subsidiary of Solus Advanced Materials.

Additionally, the Hungary plant holds a geographical advantage that secures sales competitiveness due to the EU's declaration of self-sufficiency in electric vehicle batteries within the region. In particular, same-day delivery to ACC's gigafactory in France is possible, facilitating product quality management and close customer support.

ACC is an electric vehicle battery joint venture established by Saft, a subsidiary of Total, a leading French energy company, and Stellantis, a global automaker. Solus Advanced Materials aims to establish itself as a partner for advanced research and development of core materials for electric vehicle batteries with ACC.

Lee Jun-wook, Executive Director of the Battery Copper Foil Sales Division at Solus Advanced Materials, said, "This supply contract is the result of continuous efforts to enter the automotive market ecosystem and diversify our customer base," adding, "With the full-scale realization of carbon neutrality in Europe and the concurrent shortage of battery copper foil, we expect Solus Advanced Materials' position to be further strengthened."

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