Posco Future M makes first shipments
Posco Future M has conducted the initial shipment of products from its 30,000 tonnes/year nickel-cobalt-aluminium (NCA) cathode material plant in Pohang, South Korea. This was built to supply Samsung SDI with materials for electric vehicle (EV) batteries, following a $2.9 billion supply agreement in January 2023.
The company is also building a second 52,500 tonnes/year facility at Gwangyang, which will open in 2025, and plans to expand the production of single-crystal cathode materials at both sites. These integrate raw materials into a single-particle structure and are in growing demand due to the increasing performance requirements of EVs in terms of battery thermal stability and lifespan.
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