Volta Energy Solutions (VES), the world’s first developer of electrodeposited copper foil for batteries, is making waves in the North American electric vehicle (EV) market. With the increasing demand for EVs and the need for a reliable battery supply chain, VES has taken the initiative to establish a state-of-the-art battery copper foil plant in Quebec, Canada.
The EV market in the United States is set for unprecedented growth, surpassing other regions. According to S&P Global Mobility, battery electric vehicles (BEVs) are projected to achieve global sales of 13.3 million units by 2024, with the United States accounting for an impressive 13.2% market share. This represents a significant 66.4% increase compared to the previous year. Such high demand underscores the urgent necessity for key players to secure a stable supply chain.
Copper foil, a critical component of EV batteries, is expected to experience exponential growth by 2030. SNE Research predicts that the demand for copper foil for secondary batteries will rise from 490,000 tons in 2021 to 2.07 million tons in 2030, reflecting an average annual growth rate of 27%. The market size is estimated to expand from USD 2.61 billion in 2021 to USD 7.47 billion in 2025.
At the forefront of this revolutionary development is VES. The company’s cutting-edge copper foil technology originates from its European subsidiary, Circuit Foil Luxembourg (CFL), which boasts over 60 years of experience in copper foil manufacturing for various high-tech industries. Leveraging CFL’s unrivaled expertise, VES has already built its first battery copper foil plant in Canada.
With an annual production capacity of 25,000 tons, VES aims to meet the soaring demand for copper foil in the North American market. The company has established itself as a trusted supplier, providing battery copper foils to major global businesses in the United States and Europe. Its clientele includes renowned automakers such as Mercedes-Benz, LG Energy Solutions, and SKON.
By expanding its presence in the North American EV market, VES ensures the stability of the regional supply chain and contributes to the growth of the regional economy. In a time when automakers are striving to strengthen their supply chains and promote sustainable transportation solutions, VES remains committed to delivering innovative copper foil technology that propels the electrification revolution forward.
FAQ:
1. What is Volta Energy Solutions (VES)?
Volta Energy Solutions (VES) is the world’s first developer of electrodeposited copper foil for batteries. It specializes in manufacturing copper foil for electric vehicle (EV) batteries.
2. Where is VES establishing its battery copper foil plant?
VES is establishing its battery copper foil plant in Quebec, Canada.
3. Why is the entry of VES significant for the North American EV market?
The entry of VES is significant for the North American EV market because it helps fill the gap in the battery supply chain. With the growing demand for EVs, having a stable supply of copper foil is crucial.
4. What is the projected growth of the EV market in the United States?
The EV market in the United States is projected to witness unprecedented growth. Battery electric vehicles (BEVs) are expected to achieve global sales of 13.3 million units by 2024, with the United States accounting for a remarkable 13.2% market share.
5. Why is copper foil important for EV batteries?
Copper foil is a critical component of EV batteries. It plays a significant role in the performance and efficiency of the batteries.
6. What is the projected growth of copper foil demand?
The demand for copper foil for secondary batteries is expected to rise from 490,000 tons in 2021 to 2.07 million tons in 2030, with an annual average growth rate of 27%.
7. What is the estimated market size for copper foil for batteries?
The market size for copper foil for batteries is estimated to expand from USD 2.61 billion in 2021 to USD 7.47 billion in 2025.
8. Who is VES’ European subsidiary and what is their expertise?
VES’ European subsidiary is Circuit Foil Luxembourg (CFL), which has over 60 years of experience in copper foil manufacturing for various high-tech industries.
9. What is the annual production capacity of VES’ battery copper foil plant?
VES’ battery copper foil plant has an annual production capacity of 25,000 tons.
10. Who are some of VES’ major clients?
VES’ major clients include renowned automakers such as Mercedes-Benz, LG Energy Solutions, and SKON.
Links:
– [Volta Energy Solutions](https://www.youtube.com/embed/IvzhYWCN2F8)
The source of the article is from the blog jomfruland.net