Solus Advanced Materials Signs New Battery Foil Supply Deal with Chinese Battery Maker in Europe

Supplying to a Top 10 Global Chinese Battery Manufacturer
Achieves Target of Eight Clients, Largest Portfolio Among Domestic Firms

Solus Advanced Materials announced on November 26 that it has signed a supply contract for approximately 20,000 tons of battery foil (copper foil for batteries) with a top 10 global Chinese battery manufacturer that is currently building a battery plant in Europe.

Solus Advanced Materials Hungary Battery Foil Plant Exterior. Solus Advanced Materials

The customer is scheduled to begin production at the end of next year and commence full-scale mass production in 2027. Through this mid- to long-term supply contract, Solus Advanced Materials expects to supply around 20,000 tons of battery foil for at least five years starting next year. The actual supply volume may vary depending on market demand. Batteries using Solus Advanced Materials' battery foil are expected to be ultimately delivered to a German-based global automotive OEM in Europe.

The key aspect of this contract is that it involves next-generation ultra-thin, high value-added "high-end products." As these "ultra-thin" products align with the trend toward lighter electric vehicle batteries, the expansion of premium product orders is expected to contribute positively to profitability next year.

Earlier this year, Solus Advanced Materials set a goal to double its supply partners to eight compared to last year. With this contract, the company has now secured a total of eight customers, giving it the largest global customer portfolio among domestic copper foil manufacturers. Next year, the company plans to add two more new customers, completing a portfolio of ten clients and further solidifying its diversified customer base in the global market.

Kwark Geunman, CEO of Solus Advanced Materials, stated, "Europe is rapidly restructuring its policies, demand, and regulations around electric vehicles, emerging as a key battleground in the global EV market. By building a diversified customer portfolio in the electric vehicle and energy storage system (ESS) markets, we are simultaneously improving both revenue stability and profitability. We will continue to strengthen our stable supply system and technological differentiation capabilities to drive long-term growth."

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