Lotte Chemical to invest $2.3B through 2028 to boost production of copper foil for EV batteries
Green Car Congress
JULY 5, 2023
trillion KRW (US$2-billion) acquisition of electric foil manufacturer Iljin Materials, and changed Iljin’s name to Lotte Energy Materials , in a bid to boost its battery business. Lotte Energy Materials is a major copper foil producer and has long-term supply contracts with global battery companies both in Korea and abroad.
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