K-Battery Era Sets Sail... Pohang City Holds Groundbreaking Ceremony for Secondary Battery Cathode Material Factory

Yeongilman 4 General Industrial Complex 600 Billion Won Investment, Signal for Establishing 60,000t Production Line

On the 7th, Pohang City held a groundbreaking ceremony for POSCO Chemical's secondary battery core material cathode active material Pohang plant.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Pohang City, Gyeongbuk Province, has laid the foundation for regional innovative growth by consecutively attracting large-scale investments from secondary battery companies.

On the 7th, Pohang City and Gyeongbuk Province held a groundbreaking ceremony for POSCO Chemical's secondary battery core material cathode active material factory at the Yeongilman 4 General Industrial Complex.

This investment, totaling 600 billion KRW on a 122,100㎡ (37,000 pyeong) site within the Yeongilman 4 General Industrial Complex, will establish an annual production line with a capacity of 60,000 tons and will be carried out in two phases.

The first phase plant will establish an annual 30,000-ton cathode active material production line by 2024, and after the second phase expansion, the final 60,000-ton cathode active material production line will be completed by 2025, expected to create more than 230 new jobs.

The cathode active material produced at POSCO Chemical's Pohang plant is a high-nickel NCMA single-particle cathode active material that can increase driving range and improve safety in next-generation electric vehicles, playing a key role in securing next-generation material technology leadership in the future.

POSCO Chemical, the only company in Korea that produces both cathode and anode materials for secondary batteries, will secure a production capacity of 160,000 tons of cathode active material domestically by 2025 with the establishment of this new Pohang plant.

Recently, POSCO Chemical has also agreed to build a cathode active material joint venture plant with General Motors (GM) in Canada, and is expected to produce a total of 420,000 tons of cathode active material domestically and internationally by 2030, accelerating its global market expansion.

In addition, major secondary battery companies located in the Yeongilman 4 General Industrial Complex in Pohang include Ecopro, GS Construction, Samsung SDI, POSCO Chemical, and Douglas Hyosung, which are expected to drive regional innovative growth.

Mayor Lee Kang-deok stated, “Based on the early groundbreaking of the cathode active material plant, we will spare no administrative support to ensure that all companies investing in Pohang can stand at the top position in their respective fields.”

This content was produced with the assistance of AI translation services.