Constellium and Lotte Infracell Sign Long-Term Agreement to Supply Aluminium Foilstock for EV Batteries

Constellium has announced a long-term agreement with Lotte Infracell, a subsidiary of Lotte Aluminium, to supply foilstock for battery foil applications in Europe. This partnership underscores Constellium's commitment to the expanding electric vehicle (EV) market and its focus on advanced automotive aluminium solutions.

Under the agreement, Constellium will supply high-quality foilstock from its Singen site in Germany. Supported by Lotte Infracell's financial backing, Constellium plans to invest approximately EUR30 million in new finishing lines at the Singen facility, creating around 20 new jobs. This investment aims to enhance production capacity and solidify Constellium Singen's role as a key player in the aluminium automotive specialties market.

"We are thrilled to collaborate with Lotte Infracell and supply their European operations with our high-quality foilstock," said Jean-Marc Germain, CEO of Constellium. "This partnership is a testament to Constellium's expertise in developing cutting-edge aluminium solutions for the growing electric vehicle market. Our investment in the Singen site underscores our commitment to innovation and our dedication to meeting the evolving needs of our customers."

"We are excited to partner with Constellium, a renowned leader in aluminium automotive specialty solutions," said Mr. Yon Su Choi, CEO of Lotte Aluminium and Lotte Infracell. "This collaboration will ensure a reliable supply of high-quality foilstock for our battery applications, supporting the rapid growth of the electric vehicle market in Europe."

Aluminium's lightweight, conductivity, chemical stability, and cost-effectiveness provide a balanced combination of properties ideal for the large-scale production of EV batteries. Constellium's innovative aluminium products meet the demands of this dynamic market, delivering superior performance and contributing to the sustainability of electric vehicles.