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…

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