Following its Pohang site, POSCO FUTURE M has commenced construction of a high-value-added, high-nickel NCA (Nickel, Cobalt, Aluminum) cathode material plant in Gwangyang.
POSCO Chemical has decided to issue 400 billion KRW worth of bonds, twice as much as the initially planned amount of 200 billion KRW, as a result of its good performance in an ESG bond demand forecast.
Will expand the annual cathode output to 100,000 tons
- The Gwangyang cathode plant is set to expand the high-nickel NCMA production line for next-generation EVs
- Annual production capacity is set to grow by 30,000 tons, and a 100,000-ton production system will be running in 2023
- Investment on next-generation materials to secure a future growth engine and boost competitiveness of customers