Doosan “Selling battery foil arm”

By Ian Cameron28 April 2020

Doosan Group is planning to sell its stake in material solutions company Doosan Solus whose products include copper foil for electric vehicle lithium-ion batteries, reports claim.

According to industry sources Doosan Group is negotiating with Korean private equity fund SkyLake Investment on handing over all of its 61% stake in  Doosan Solus for between $495 million and $660 million “to secure liquidity to rescue debt-ridden Doosan Heavy Industries & Construction”, following a loan from Korea Development Bank and the Export-Import Bank of Korea, The Korea Herald reported.

Dosan Solus was established in October as a spinoff from Doosan Corporation. Just nine months ago Doosan Corporation held the ground-breaking ceremony for its battery foil plant in Hungary at the Tatabánya Industrial Complex, pictured.

Doosan said the planned 144,000m2 facility is Europe’s only battery foil plant and is expected to produce 50,000 tons of battery foils, enough for 2.2 million electric vehicles, per year when operational.

NEWSLETTER
Delivered directly to your inbox, New Power Progress newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
CONNECT WITH THE TEAM
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Alister Williams VP Sales Tel: +1 843 637 4127 E-mail: alister.williams@khl.com
CONNECT WITH SOCIAL MEDIA
Latest News
Clean Motion unveils Re:volt delivery vehicle
The Re:volt features roof-mounted solar panels to improve range
Epiroc to acquire battery conversion specialist FVT Research
Canadian company has expertise in converting diesel-powered mining machines to battery-electric vehicles.
Volta Zero electric truck starts testing in UK
Testing will take place in various locations in advance of series production