Constellium Partners with Lotte Infracell to Boost EV Battery Foil Production in Europe, Invests €30M in German Plant for EV Battery Foil, Creating Jobs
Constellium SE (NYSE:CSTM) announced today that it has signed a long-term agreement with Lotte Infracell, a subsidary of Lotte Aluminium, a leading provider of aluminium solutions, to supply foilstock for Lotte's battery foil applications in Europe. This partnership highlights Constellium's commitment to the growing electric vehicle (EV) market and its strategic focus on cutting-edge automotive aluminium solutions.
Under this agreement, Constellium will supply high-quality foilstock from its Singen site in Germany. With Lotte Infracell's financial support, Constellium is planning to invest around €30 million in new finishing lines at its Singen facility to enhance production capacity, creating around 20 new jobs in the process. This strategic investment is expected to further cement Constellium Singen's position as a key player in the aluminium automotive specialties market.