Doosan Solus stocks rose 6.7 percent from a day before to 49,400 won on Friday, following a news report that it is in talks with Tesla to supply copper foil for Tesla electric vehicles in Europe.
Doosan Group's material solutions unit is expected to sign an agreement on general terms and conditions with Tesla.
The parties would still have to agree on the size and length of the contract.
Doosan Solus is the only copper foil manufacturer in Europe, operating a plant in Hungary.
Last month, Doosan Solus announced that it would invest 270 billion won to boost the Hungary plant’s capacity from 10,000 metric tons to 25,000 tons by 2022.
Electric vehicle battery use is expected to soar globally from 303 gigawatt-hours this year to 1,270 gigawatt-hours in 2025. European EV battery use is expected to increase from 70 gigawatt-hours to 330 gigawatt-hours in the same period.
How well the copper foil bonds with the slurry of graphite coating determines the structural stability of the battery.
The copper foil also serves as a path through which electrons travel. With high heat conductivity, the copper foil is a channel through which a battery brings out heat generated from the inside.


Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat 



