POSCO FUTURE M

POSCO Future M recorded consolidated revenue of 845.4 billion won and operating profit of 17.2 billion won in the first quarter.

Posco Future M CEO Eom Gi-chen on Monday vowed to capture over 7.4 trillion won ($5 billion) in sales revenue by 2027, leveraging the electric vehicle supply chain’s decreasing reliance on China.

POSCO Future M held its 54th Ordinary General Meeting of Shareholders on the 24th and resolved major agenda items, including the election of inside and outside directors.

POSCO Future M is expanding its industry-academic collaboration to nurture talent in battery materials and secure technological leadership.

POSCO Future M features its new cathode and anode material technologies and products at InterBattery 2025, held at COEX Seoul from the 5th to the 7th.

POSCO Future M will participate in InterBattery 2025, held at COEX Seoul, from March 5 to 7. It will highlight its cathode and anode technology roadmap and the group-level supply chain achievements spanning raw materials, battery materials, and recycling.

Posco Future M said Tuesday it plans to invest 489.4 billion won ($342 million) into Ultium Chem, its cathode materials joint venture with General Motors in Quebec, Canada, despite a slowdown in electric vehicle demand exacerbated by ongoing trade disruptions in North America.

POSCO Future M has announced its 2024 consolidated financial results, reporting revenue of KRW 3.6999 trillion and an operating profit of KRW 700 million. Revenue decreased by 22.3%, while operating profit declined by 98.0% compared to the previous year.

POSCO Future M received ministerial commendations from three government ministries for its contributions to export promotion, environmental protection, and safety accident prevention.

POSCO Future M said Monday that it recently received awards from the trade, environment and labor ministries for its efforts to promote exports, protect the environment and prevent workplace accidents.