Constellium signs long-term agreement with Lotte Infracell and invests to increase capacity at its Singen facility to supply foilstock for battery applications in Europe

Group 1 - Constellium has signed a long-term agreement with Lotte Infracell to supply foilstock for battery applications in Europe, emphasizing its commitment to the electric vehicle market [5][6][7] - The company plans to invest approximately €30 million in new finishing lines at its Singen facility, which will enhance production capacity and create around 20 new jobs [1][7] - Constellium generated €7.2 billion in revenue in 2023, indicating its strong market position and financial performance [6] Group 2 - Aluminium's properties, such as lighter weight and lower cost, make it advantageous for large-scale battery production for electric vehicles, aligning with Constellium's innovative product offerings [2] - The partnership with Lotte Infracell is expected to ensure a reliable supply of high-quality foilstock, supporting the rapid growth of the electric vehicle market in Europe [6][7]