Constellium Partners with Lotte Infracell to Boost EV Battery Foil Production in Europe, Invests €30M in German Plant for EV Battery Foil, Creating Jobs
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Constellium SE (NYSE:CSTM) has partnered with Lotte Infracell to supply foilstock for EV battery foil applications in Europe. Constellium will invest €30 million in its German plant to enhance production capacity, creating around 20 new jobs.
July 23, 2024 | 7:41 am
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Constellium SE has entered a long-term agreement with Lotte Infracell to supply foilstock for EV battery foil applications in Europe. The company will invest €30 million in its German plant to enhance production capacity, creating around 20 new jobs.
The partnership with Lotte Infracell and the €30 million investment in the German plant are likely to enhance Constellium's production capacity and market position in the EV sector. This strategic move is expected to positively impact revenues and investor sentiment.
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