Eager to reduce Europe’s reliance on China for materials for batteries, the European Bank for Reconstruction and Development (EBRD) said on January 10 the bank will provide a long-term loan of $28 million to support the construction of an ultra-thin copper foil factory for electric vehicle (EV) batteries in Tatabanya, northwestern Hungary,

 by Solus Advanced Materials of South Korea, which is one of the global leading producers of the material.

The first plant in Europe to produce copper foil for EV batteries, this facility will supply to European EV battery producers in Europe, the EBRD said.


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