# Solus Advanced Materials and Toyota Tsusho to form copper foil JV in North America

Solus Advanced Materials signed an MOU with Toyota Tsusho to establish a joint venture in North America for producing 30,000 tons of copper foils per year, targeting EV battery markets. The JV is expected to start production in 2024.

- Type: Partnership
- Announced: 2021-05-31
- Status: announced
- Capacity: 30,000 tons per year
- Products: copper foils for EV batteries
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Toyota Tsusho](https://endata.com/companies/3935.md) (partner)
- [Solus Advanced Materials](https://endata.com/companies/52387.md) (partner)

## Sources

- [ajupress.com](https://www.ajupress.com/view/20210531165142673), 2021-05-31: "The MOU is meaningful in that it has recognized our technical skills and competitiveness."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.