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Maxion and Novelis present innovative aluminium battery housing solution for electric commercial vehicles. 3MINS READ Stock image for referential purposes only Maxion Structural Components, a key producer in the production of automotive structural components in the Americas, and Novelis, the world leader in aluminium rolling and recycling, jointly announce the development of an innovative battery housing solution for electric commercial vehicles. Developed from stamped rolled aluminium, using a new alloy specially created to meet this demand, the product - targeted at large vehicles such as buses and trucks - combines lightness, safety, and energy efficiency, offering a direct answer to the industry's growing demand for more sustainable and high-performance technologies. For Novelis, the partnership marks an important and innovative step in diversifying and expanding the automotive market in Americas, a sector where the company already has a strong presence in regions like North America and Europe, with robust and recognized operations. The project also reinforces a significant step in Maxion's new mobility strategy, as the company continues to invest in structural chassis solutions geared toward electric mobility. The new technology provides a lighter battery compartment structure - about 35 per cent lighter compared to an extruded aluminium housing with the same technical requirements - and delivers 11 per cent more energy density. The use of stamped aluminium, already widely used in the global automotive industry, brings great competitive advantages over current market processes, such as easy access to replacement parts, maintenance of internal components, and better cost-effectiveness. To know the global production, demand and consumption forecasts of aluminium extrusions, explore its report "The World of Aluminium Extrusions to 2035" "The development of this solution represents a crucial step in our strategy to reduce the weight of electric commercial vehicles and, consequently, contribute to reducing CO[2] emissions without compromising vehicle load capacity," says Marco Tulio Ricci, Global Director of Innovation and Engineering at Maxion Structural Components. "We always work with a focus on anticipating the needs of the automotive industry, offering the best in design, technology, and the use of different materials." Novelis, in turn, brought its recognised expertise in high-quality, low-carbon aluminium solutions to the partnership. As the largest aluminium recycler in the world, the company provided the ideal raw material expertise to meet the weight, strength, and sustainability requirements needed for automotive applications. "Aluminium offers a synergy between lightness and impact absorption capability, essential attributes for optimising the safety and performance of electric commercial vehicles. Not to mention, the metal has enormous circularity potential, being infinitely recyclable, which results in lower energy consumption and less greenhouse gas emissions - up to a 95% reduction. With over 40 years of experience in the automotive sector, Novelis is focused on co-creating innovative and customised solutions to meet the demand for more sustainable mobility," says Daniele Albagli, Vice President of Sales for Novelis South America. The new battery housing, named Maxion InVolt, is versatile and can be adapted to different vehicle sizes, from light to heavy commercial vehicles. The solution is able to serve all global markets, especially North America, where automotive electrification is among the most advanced in the world. Connect with verified aluminium extrusion buyers and suppliers through the AL Biz marketplace. With this launch, Maxion, together with Novelis technology, reaffirms its commitment to innovation and sustainability, offering solutions that enhance the performance of electric commercial vehicles and contribute to a greener, more efficient future aligned with the needs of modern mobility. Note: This article has been shared by Novelis and has been published by AL Circle with its original information without any modifications or edits to the core subject/data. Last updated on: 25 AUGUST 2026

Despite lower shipments, Novelis sees lift in profitability. Adjusted EBITDA increased 24 percent year over year, supported by lower aluminum scrap prices, cost efficiencies and favorable timing of insurance proceeds tied to the Oswego, New York, fires. Published August 06, 2026 Novelis has reported adjusted earnings before interest, taxes, depreciation and amortization of $516 million in the first quarter of its 2027 fiscal year, an increase of 24 percent year-over-year despite a 5 percent year-over-year decrease in rolled product shipments of 916,000 metric tons. The company's President and CEO Steve Fisher says the Atlanta-based recycler and manufacturer of aluminum products is experiencing positive momentum that has been supported by the restart of its Oswego, New York, hot mill earlier this summer. Production activities at that mill are ramping up to support pent-up demand and normalize shipments. "We are pleased to start the new fiscal year on a positive note, supported by strong execution, favorable market trends and continued demand for sustainable aluminum solutions," Fisher says in the news release accompanying its earnings. "Momentum continues to build, buoyed by the successful restart of the Oswego hot mill in early June. At the same time, the initial commissioning of key assets at Bay Minette represents another important step in strengthening our operational capabilities and positioning Novelis for its next phase of growth." Quarterly financial highlights. Net sales for the first quarter of fiscal year 2027 increased 23 percent year over year to $5.8 billion, which the company attributes to higher average aluminum prices, partially offset by a 5 percent decrease in total rolled product shipments to 916,000 metric tons. Shipments for the quarter were reduced by an estimated 33,000 metric tons related to the Oswego production disruption from the fires in fiscal year 2026. While shipments were down by 3 percent in North America, they increased in Europe by 5 percent, while EBITDA for that region grew by 44 percent. Novelis cites higher beverage packaging and automotive shipments to support North America, favorable product price mix and a favorable metal benefit for the growth seen in its Europe segment. Novelis' Asia segment saw shipments grow by 8 percent in the quarter and adjusted EBITDA increase by 30 percent, while its South America segment's shipments grew by 7 percent, helping to support North America, and adjusted EBITDA increased by 56 percent. Net income attributable to the company's common shareholders was $164 million for the quarter, a 71 percent increase from the prior-year period, which Novelis attributes to favorable metal price lag resulting from higher metal prices, partially offset by $265 million in pretax net losses related to the Oswego fires. The increase in adjusted EBITDA was driven by lower aluminum scrap prices and cost efficiencies, which were partially offset by higher net tariffs. The estimated impact from the Oswego fires in the company's adjusted EBITDA is an $18 million benefit, with the favorable timing of insurance proceeds more than offsetting the estimated negative impact of production interruptions in the quarter, Novelis says. Net income attributable to Novelis' common shareholders, excluding special items, increased 128 percent year over year to $265 million. Net cash used in operating activities was an outflow of $455 million in the first quarter of fiscal year 2027 versus net cash inflow of $105 million in the prior-year period. The higher outflow largely was related to higher working capital from rising aluminum prices and impacts from the Oswego fires, net of insurance recoveries. Adjusted free cash flow was an outflow of $1.1 billion in the current-year period compared with the prior-year period outflow of $295 million. The company attributes this difference to lower operating cash flow, as well as higher capital expenditures related to the company's U.S. greenfield rolling and recycling plant in Bay Minette, Alabama, which has begun commissioning. Bay Minette update. Novelis is constructing a 600,000 metric ton greenfield low-carbon aluminum rolling and recycling facility in Bay Minette, and expects to begin commercial shipments in the first quarter of its 2028 fiscal year. The company has estimated total capital costs for the project at $5 billion, with $3.8 billion having been spent through the end of the first quarter of its 2027 fiscal year. End market trends. Novelis estimates that beverage packaging accounted for 62 percent of its fiscal 2026 shipments, with automotive, aerospace and specialty markets totaling 18 percent, 3 percent and 17 percent, respectively. In beverage packaging, the company estimates a compound annual growth rate (CAGR) of about 4 percent (excluding China) from fiscal year 2026 to 2031, with sustainability preferences driving a package mix shift favoring aluminum. It estimates a 3-5 percent CAGR in the automotive segment aided by lightweighting and innovation for vehicle performance, favorable vehicle mix in North America; slower battery electric vehicle adoption ex-China; and lower aluminum adoption in China. In aerospace, Novelis estimates a CAGR of about 4 percent, citing multiyear original equipment manufacturer order backlogs and the growing importance of sustainability. Novelis estimates demand from the specialty market will increase long-term at a rate that is greater than the gross domestic product rate given the undersupplied U.S. housing market and lightweighting and sustainability trends. Sponsored Content Optimal productivity, heavy construction, safety features and operator comfort come together in the SENNEBOGEN 360 G-series telescopic wheel loader, designed for work across the waste and recycling industry. Telescopic wheel loaders manufactured by SENNEBOGEN have a growing presence at transfer stations, material recovery facilities (MRFs), construction and demolition (C&D) recycling plants and metal recycling facilities across North America. Return to positive free cash flow expected. While cash flow weakened considerably in the quarter, the company expects that to improve before the end of its 2027 fiscal year. "With Oswego back online and Bay Minette's commissioning process getting underway, we are confident in our expectation to return to positive free cash flow in the fourth quarter of this fiscal year," says Dev Ahuja, executive vice president and chief financial officer, Novelis Inc. "Supported by ongoing cost discipline, expected insurance recoveries and the continued strength of the underlying business, we anticipate beginning to deleverage as capital spending normalizes following the Bay Minette startup." Novelis says it aims to be the leading provider of low-carbon, sustainable aluminum solutions and to achieve a fully circular economy by partnering with its suppliers and customers in the aerospace, automotive, beverage packaging and specialties industries throughout North America, Europe, Asia and South America. The company is a subsidiary of Hindalco Industries Ltd., the metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai. 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Novelis Q1 profit jumps 71% as Hindalco arm gains from aluminium demand, cost savings. Hindalco Industries' US-based aluminium subsidiary Novelis reported a 71% rise in first-quarter net profit, helped by higher aluminium prices, cost efficiencies and strong demand for sustainable aluminium products. However, shipments declined due to production disruption at its Oswego facility. By Navneet Singh August 5, 2026, 4:28:35 PM IST (Published) Novelis Inc, the wholly owned subsidiary of Hindalco Industries Ltd, reported a sharp improvement in profitability for the first quarter of fiscal year 2027, supported by stronger execution, favourable aluminium market conditions and continued demand for sustainable aluminium solutions. The aluminium rolling and recycling major reported a net income of $164 million for the quarter, compared with the year-ago period, marking a 71% increase in profitability. Excluding special items, net income more than doubled to $265 million, up 128% year-on-year. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), a key measure of operating performance, rose 24% to $516 million during the quarter. Novelis said the improvement reflected better operational execution, cost efficiencies and supportive market trends, even as production challenges affected shipment volumes. Higher aluminium prices lift revenue Novelis' net sales increased 23% year-on-year to $5.8 billion during the quarter, primarily driven by higher average aluminium prices. However, higher revenue did not translate into volume growth. Total rolled product shipments declined 5% year-on-year to 916 kilotonnes. The company attributed the decline mainly to the impact of production disruption at its Oswego facility following fires in fiscal year 2026. The disruption resulted in an estimated negative shipment impact of 33 kilotonnes during the quarter. Despite lower shipments, operating profitability improved. Adjusted EBITDA per tonne shipped increased 30% year-on-year to $563, indicating that the company generated higher earnings from each tonne of aluminium sold. Novelis said lower aluminium scrap prices and cost improvement initiatives supported EBITDA growth during the quarter. However, these benefits were partially offset by higher net tariffs. The company added that the Oswego fire incident resulted in an estimated $18 million benefit to adjusted EBITDA during the quarter, as insurance proceeds received during the period more than offset the estimated impact of production interruptions. Oswego restart, Bay Minette expansion progress Commenting on the performance, Novelis President and CEO Steve Fisher said the company began the new fiscal year on a positive note, supported by strong execution and continued demand for sustainable aluminium solutions. He said momentum improved after the restart of the Oswego hot mill in early June, while the initial commissioning of key assets at the Bay Minette facility represented another step in expanding the company's manufacturing capabilities. The Bay Minette project is a major investment aimed at increasing Novelis' aluminium rolling and recycling capacity, helping the company cater to growing demand from industries such as automotive, beverage packaging and other sustainable aluminium applications. Cash flow impacted by investments, working capital While profitability improved, cash flow remained under pressure during the quarter. Novelis reported a net cash outflow from operating activities of $455 million, compared with an inflow of $105 million in the year-ago period. The company said the decline was primarily due to higher working capital requirements caused by rising aluminium prices, along with the impact of the Oswego disruption after adjusting for insurance recoveries. Adjusted free cash flow stood at an outflow of $1.1 billion, compared with an outflow of $295 million a year earlier. The company attributed the increase in cash outflow mainly to lower operating cash generation and higher capital expenditure related to the Bay Minette rolling and recycling plant. At the end of the quarter, Novelis reported a net leverage ratio of 4.5 times and total liquidity of $2.1 billion. This included $1.1 billion in cash and cash equivalents and $1 billion available through committed credit facilities. Outlook remains focused on cash generation Chief Financial Officer Dev Ahuja said the company expects to return to positive free cash flow in the fourth quarter of the current fiscal year. The improvement is expected to be supported by the restart of the Oswego facility, expected insurance recoveries, continued cost-control measures and lower capital spending after the completion of major investments related to the Bay Minette facility. The quarterly performance highlights Novelis' ability to improve profitability despite operational disruptions, while ongoing expansion projects are expected to strengthen its long-term capacity in recycled and value-added aluminium products. Shares of Hindalco Industries Ltd ended 1.52% higher at ₹1,035.55 on Wednesday.