POSCO Future M Co., Ltd. and Honda Motor Co., Ltd. today announced that they have reached a basic agreement on collaboration for the production of cathode materials for automotive batteries in Canada.
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.
First Vice-Minister Kang Kyung-sung of the Ministry of Trade, Industry and Energy visited the POSCO Future M’s artificial graphite anode factory in Pohang on the 17th as part of his first field activity since taking office to inspect the secondary battery material supply chain.