Korean steel company POSCO Holdings said Tuesday it plans to build an industrial gas production facility at a secondary battery complex in the country s southeastern port city of Pohang.
Three listed companies of EcoPro Group estimated their third-quarter operating gains to have fallen short of the market consensus, causing greater concerns over the Korean electric vehicle (EV) battery industry’s profitability this year.
POSCO Future M and General Motors (GM) are joining forces to bolster the battery materials supply chain in North America through a new investment initiative.
The factory will manufacture cathode-active materials, a key component of lithium-ion batteries found in electric cars. It is expected to create 200 jobs when it opens in 2025.