GWANGYANG, South Jeolla Province Posco Future M on Thursday held a groundbreaking ceremony for a new high-nickel cathode plant in Gwangyang, South Jeolla Province, maintaining the company’s continued investment in battery materials for electric vehicles despite the slowdown in the global EV transformation. The new high-nickel cathode plant, which expects to have an annual production capacity of 52,500 tons, .
Posco to import African battery graphite to cut China reliance miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.
GWANGYANG, South Jeolla Province - POSCO Future M started building a high-nickel NCA (nickel, cobalt and aluminum) cathode materials plant in the southern port city of Gwangyang, South Jeolla Province, Thursday, aiming to supply all of the electric vehicle (EV) battery materials produced at the factory to Samsung SDI.
Posco Future M Co., which produces battery materials for companies including General Motors Co., is preparing to import graphite from Africa to reduce its dependence on supplies from China.
POSCO Group announced its decision on Wednesday to replace the CEOs of major affiliates as the nation’s fifth-largest business group prepares to appoint a new chairman following the upcoming regular general meeting of its holding firm’s shareholders on March 21.