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POSCO FUTURE M Breaks Ground on High-Value-Added High-Nickel NCA Cathode Material Plant in Gwangyang

- Annual production capacity of 52,500 tons, supplying batteries for 580,000 electric vehicles... Completion expected in the first half of 2025

- Solidifying its position as a leading high-value technology company by mass-producing and supplying NCA single crystal following the domestic first NCMA single crystal, based on unparalleled technological expertise

Representative Director Kim Jun-hyung: "We will respond seamlessly to the growth of the electric vehicle market, even in unpredictable business environments."

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.

The groundbreaking ceremony, held on the 22nd at the Yulchon 1st Industrial Complex in Jeollanam-do Province, was attended by POSCO FUTURE M Representative Director Kim Jun-hyung and Samsung SDI Vice President Kim Ik-hyeon, among others.

The plant's production capacity is set at 52,500 tons annually, sufficient to manufacture batteries for approximately 580,000 electric vehicles (60kWh each), with the entire output being supplied to Samsung SDI.

High-nickel NCA cathode materials are in increasing demand due to their high energy density and output, aligning with the trend toward high-performance electric vehicles. POSCO FUTURE M began producing high-nickel NCA cathode materials in some lines of the Gwangyang plant since April last year. With the dedicated plants in Pohang and Gwangyang completed by the end of this year and the first half of next year, respectively, the company can produce 82,500 tons of high-value-added, high-nickel NCA cathode materials annually.

Notably, the NCA cathode material exclusive plants in Pohang and Gwangyang plan to expand the production of single-crystal cathode materials, whose demand is surging with the high-performance evolution of electric vehicles. Single crystal cathode materials enhance the thermal stability and lifespan of batteries by combining the raw materials into a single particle structure, requiring advanced technology in the manufacturing process. Following its first domestic mass production of NCMA single crystal cathode materials in March last year, POSCO FUTURE M is set to further solidify its position as a leading company in high-value technology by establishing a mass production and supply system for NCA single crystal cathode materials.

At the groundbreaking ceremony, Representative Director Kim Jun-hyung emphasized, "Despite the unpredictable business environment, we will expand our production system for NCA cathode materials, a high-value-added product, and respond flawlessly to the growth of the electric vehicle market," and stated, "We aim to leap forward as a global top-tier battery material company and pave the future of POSCO Group's eco-friendly energy material business."  

  • (Photo) POSCO FUTURE M Representative Director Kim Jun-hyung is delivering a speech at the NCA cathode material plant groundbreaking ceremony in Gwangyang on the 22nd.
  • (Photo) POSCO FUTURE M held a groundbreaking ceremony for the NCA cathode material plant in Gwangyang on the 22nd. From left, POSCO FUTURE M's Gwangyang Cathode Material Chief Choi Wook; Energy Material Marketing Chief Yoon Young-ju; Workers' Representative of the Labor-Management Council Kim Young-hwa; Planning and Support Chief Yoon Deok-il; Representative director Kim Jun-hyung; Samsung SDI Vice President Kim Ik-hyeon; Energy Material Business Chief Eom Ki-cheon; Facility Investment Chief Kim Kwon; POSCO E&C Secondary Battery Business Chief Shin Young-sik; and POSCO DX Gwangyang Automation Business Chief Kwon Kyung-hwan performing the groundbreaking.
  • (Photo) POSCO FUTURE M breaks ground on the high-value-added, high-nickel NCA cathode material exclusive plant in the Yulchon 1st Industrial Complex, Jeollanamdo Province, on the 22nd. The photo shows an aerial view of the planned NCA cathode material exclusive plant in Gwangyang.
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