- Records consolidated sales of 467.2 billion and operating profit of 34.3 billion won in Q1, showing a sharp increase from last year
- Debt-to-equity ratio drops by over twofold, strengthening financial soundness and accelerating investment on energy materials
- Rise in sales to the EV sector improves sales of cathodes by 236% and anodes by 26% YOY
- Increased profit by PMC Tech following the rising demand for electrode rods reflected in the net profit
- POSCO Chemical to supply essential battery materials, cathodes and anodes, to Ultium Cells, and enter the global market in earnest
- Developed proprietary anodes with low-volume expansion for GM EV batteries with longer life and rapid charging
- Backed by the support of POSCO Group, synergy is expected from the integration of separate businesses, and R&D to obtain visible results in the secondary cell sector
- Will accelerate growth with differentiated competitiveness by developing market-leading products and securing a value chain for raw materials