SK Holdings is set to invest $240m in the copper foil manufacturer as the corporate pursues a strategy to increase its ecosystem of electric vehicles-related companies.
China-based copper foil manufacturer Lingbao Wason Copper Foil is set to receive ₩270bn ($240m) from SK Holdings, the holding company of telecoms firm SK Group, China Money Network reported today.
Founded in 2001, Lingbao Wason produces copper foil, boasting an annual manufacturing capacity of 30,000 tonnes. Copper foil is an essential element of batteries, with the company’s clients including consumer electronics producer Panasonic Electric and carmaker BYD Auto.
The company is a subsidiary of gold mining company Lingbao Gold Group.…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
