What Solus Advanced Materials does

Solus Advanced Materials Co., Ltd. is a Seoul-headquartered Korean advanced materials manufacturer operating two main product lines: battery-grade copper foil for electric vehicle lithium-ion cells, and OLED materials for television and automotive displays. The company is one of Korea's three major copper foil producers and ranks among the top global suppliers in PCB HVLP copper foil for high-speed electronics, with a stated ~60.4% share within its niche in 2023. Manufacturing is distributed across three continents, with an OLED materials plant in Iksan, South Korea (completed March 2026 on a 20,000-square-meter site with 37.6 billion won investment), a battery foil plant in Hungary operated through its wholly-owned subsidiary Volta Energy Solutions (the only local European battery-foil production base among global copper foil suppliers, established with European Bank for Reconstruction and Development support in 2022), and a Canadian battery foil facility described as the only North American mass-production base for localized EV battery supply chains.

Name

Solus Advanced Materials

Legal name

Solus Advanced Materials Co., Ltd.

Website

https://solusadvancedmaterials.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Solus Advanced Materials is a Seoul-based Korean manufacturer of battery copper foil for electric vehicle cells and OLED materials for displays. Operating production facilities in South Korea, Hungary (Volta Energy Solutions), and Canada, it supplies enterprise battery and display manufacturers globally.

Ownership category

akta.pro rank

Product category

Advanced Materials Manufacturing

NAICS

Aluminum Sheet, Plate, and Foil Manufacturing (331315)

SIC

Metal Forgings & Stampings (3460)

akta.pro primary industry

Current Collectors & Foils (Copper, Aluminum) Manufacturing (EUAFABAF)

Keywords

• Battery copper foil
• OLED materials
• EV battery materials
• Advanced materials manufacturing
• PCB HVLP copper foil

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure

Revenue model

1. Battery Copper Foil: Sale of copper foil to electric vehicle battery manufacturers. Long-term supply contracts with battery makers including multi-year deals for thousands of tons of battery foil.
2. OLED Materials: Sale of OLED materials for television and automotive display manufacturing.
3. PCB HVLP Copper Foil: Specialized low-profile copper foil for PCB applications in AI servers, data centers, 5G/6G infrastructure, and high-speed networking equipment.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Solus Advanced Materials manufactures and distributes two core product lines: battery copper foil used as an electrode current collector in electric vehicle batteries, and OLED materials for television and automotive display panels. The company operates manufacturing facilities in South Korea (Iksan for OLED materials), Hungary (battery foil for the European market via subsidiary Volta Energy Solutions), and Canada (battery foil for North American EV manufacturers), positioning itself as a localized supplier of copper foil for EV battery makers.

Product overview

Solus Advanced Materials is a materials manufacturing company offering two core product lines: Battery Copper Foil for electric vehicle batteries and OLED Materials for display applications. The company operates production facilities in South Korea (Iksan for OLED materials), Hungary (battery foil for Europe), and Canada (battery foil for North America), positioning itself as a localized supplier for battery manufacturers in key markets. The battery copper foil business claims to be the only facility among global copper foil companies producing battery foil locally in Europe.

Differentiator

Problem solved

Functional benefit

Brands

• Volta Energy Solutions: European subsidiary brand for battery foil operations, including Hungary plant production.

Products and services

• Battery Copper Foil
• OLED Materials
• PCB HVLP Copper Foil

Quantifiable outcome

• Supply of 20,000 tons of battery foil over five years to major battery manufacturer
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered major.

• European Battery ManufacturersmajorStrategic or Co-development Partner · 1 January 2026Three of four new contracts signed in the past year going to European battery makers. Solus set to sign battery foil supply contracts with two new battery customers in first half of 2026, including a Chinese battery maker expanding into Europe.
• CATL (Likely)majorStrategic or Co-development Partner · 27 November 2025Major copper foil supply deal signed with Chinese EV battery producer (likely CATL) to supply 20,000 tons over five years from the Hungary plant. Part of Solus's broader strategy to expand market presence in Europe.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Iljin Materials: Korean copper foil maker (now folded into SK Nexilis/SKC). Historically a head-to-head Korean competitor in battery copper foil with overlapping customer relationships.
• LG Chem: Korean chemicals company with established OLED materials (and battery materials) businesses. Direct competitor in OLED display materials for the same Korean and global display customers.
• Mitsui Mining & Smelting: Operates one of the world's largest copper foil businesses (including battery and PCB HVLP grades). Direct global competitor in both Solus's core and emerging product segments.
• Furukawa Electric: Japanese manufacturer of electrolytic copper foil for lithium-ion batteries, PCBs, and electronics. Direct competitor across both battery foil and PCB HVLP foil product lines.
• Universal Display Corporation: U.S.-based leader in OLED emitter and host materials technology and licensing. Direct competitor in the OLED materials segment that Solus supplies from its Iksan facility.
• Co-Tech Development: Taiwanese manufacturer of electrolytic copper foil serving global battery and PCB customers. Direct competitor in both battery and PCB-grade copper foil.
• SK Nexilis (SKC): South Korea's largest battery copper foil manufacturer and the entity actively litigating Solus over core foil IP. Most direct peer in copper foil capacity, Korean customer base, and global EV battery supply chains.
• JX Nippon Mining & Metals: ENEOS subsidiary producing copper foil for lithium-ion batteries and electronic components. Direct competitor in battery-grade copper foil across global EV supply chains.
• Merck KGaA: German science and technology group with a significant OLED and electronic materials portfolio. Direct competitor in OLED display materials supplied to TV and automotive OEMs.
• Fukuda Metal: Japanese specialty copper foil manufacturer with strong positioning in PCB HVLP foil (alongside Mitsui, named alongside Solus in the company's own competitive set). Direct competitor for Solus's PCB HVLP business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Solus Advanced Materials