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POSCO Int l to produce 2 million EV motor cores Posted : 2021-04-28 16:36 By Kim Jae-heun POSCO Group announced a plan to convert itself into a green mobility company Wednesday, launching the green autoparts brand e Autopos, in response to the rapidly growing market for electric vehicle (EV) parts. It will also increase its production of electric motor cores. Affiliate POSCO International said it will invest 22.9 billion won in Cheonan, Gyeonggi Province, and in Pohang, North Gyeongsang Province ― homes to its subsidiary, POSCO SPS ― to build new production facilities for the motor cores. Its goal is to expand its production capacity in the Korean market from 660,000 per year, to 2 million by 2025, to cope with the growing demand for EVs. ....