SEOUL, May 27 (Korea Bizwire) — South Korean chemical maker POSCO Chemical Co. said Friday it is building a US$327 million cathode plant with General Motors Co. in the Canadian city of Quebec to supply the key electric vehicle battery component to the U.S. automaker. The two have signed a final agreement on setting up [...]
SEOUL, April 7 (Korea Bizwire) — POSCO Chemical Co., a unit of South Korea’s steelmaker POSCO, said Thursday it has started the construction of a high-nickel cathode plant in the country to meet demand from electric vehicle companies. POSCO Chemical will invest 290 billion won (US$238 million) to build a 30,000-ton-a-year cathode plant in Pohang, [...]
SEOUL, March 25 (Korea Bizwire) — POSCO Chemical Co., a unit under South Korean steel giant POSCO, said Friday it expects to be able to secure more than 90,000 tons of lithium through in-house supply, backed by the parent firm’s aggressive investment in the key material for rechargeable batteries. By 2024, POSCO Chemical will procure [...]
SEOUL, March 8 (Korea Bizwire) — South Korean chemical maker POSCO Chemical Co. said Tuesday it will build a joint cathode venture with U.S. auto giant General Motors Co. in Canada to supply the key material to the U.S. automaker’s electric vehicles. The US$400 million cathode materials JV in Quebec, Canada, will supply the materials [...]
SEOUL, March 7 (Korea Bizwire) — South Korean secondary battery materials maker POSCO Chemical Co. said Monday it will construct a new plant in the country to manufacture precursors to meet growing demand for electric vehicle (EV) batteries. The unit of South Korean steel giant POSCO said it will start to invest around 600 billion [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korean chemical maker POSCO Chemical Co. said Thursday it has agreed with U.S. auto giant General Motors Co. to set up a joint venture for a key component for electric vehicle (EV) batteries and build a plant in North America. The cathode materials JV will begin production of [...]
SEOUL, Nov. 24 (Korea Bizwire) — POSCO Chemical Co., a unit of South Korean steel giant POSCO, said Wednesday it has completed the construction of a new refractory plant in the southern city of Pohang as part of its efforts to boost production of basic industrial materials. The 49.2 billion won (US$41.5 million) plant has [...]
SEOUL, Nov. 10 (Korea Bizwire) — POSCO Chemical Co., a unit of South Korean steel giant POSCO, said Wednesday it plans to acquire a 15 percent stake in a Chinese manufacturer of artificial graphite anode material as part of efforts to bolster its battery materials business. The decision, reached at a board meeting earlier in [...]
SEOUL, Oct. 25 (Korea Bizwire) — POSCO Chemical Co., a unit of South Korea’s steel giant POSCO, said Monday it has signed a deal with a Norwegian electric vehicle (EV) battery maker on development and supply of key EV battery components in a bid to tap deeper into the European market. Under the contract with [...]
SEOUL, Sept. 9 (Korea Bizwire) — POSCO Chemical Co. said Thursday that it has acquired a 13 percent stake in Qingdao Zhongshuo New Energy Technology Co. for 4.9 billion won (US$4.2 million) in the latest move to secure a key material required to make anodes used for EV batteries. The chemical unit of South Korean [...]