POSCO Future M Invests 683.4 Billion KRW in Cathode Material Facility Expansion
POSCO Future M announced on the 24th that it has decided to invest in facilities for supplying high-nickel NCA cathode materials for EV batteries, amounting to 683.4 billion KRW.
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This investment represents 25.8% of its equity capital and is planned to be made in the Gwangyang Yulchon 1st Industrial Complex. The investment period is from July 24, 2023, to October 31, 2025.
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