[InterBattery] Kim Jun-hyung, Head of POSCO Eco-friendly Future Materials, "Jang In-hwa Team, No Slowdown in Battery Investment"

Meeting with the Press at COEX on the 6th

Kim Jun-hyung, Head of Eco-friendly Future Materials at POSCO Holdings, said on the 6th, "Jang In-hwa, the next chairman candidate of POSCO Group, also stated that 'there is no need to slow down the overall pace of investment in secondary batteries.'

At the POSCO Holdings booth at 'InterBattery 2024' held at COEX in Gangnam-gu, Seoul, Kim emphasized the continuous investment policy in the battery materials sector. He said, "Chairman candidate Jang places great emphasis on continuously pushing forward investment in secondary batteries to develop it as a future growth industry."

Regarding lithium iron phosphate (LFP) production, he hinted at the possibility of a joint venture with Chinese companies. Kim said, "There are quite a few successful companies in the LFP sector in China," adding, "Since there are many Chinese companies that have traditionally maintained good relationships with POSCO Group, we are considering partnerships with several firms."

On the recent downturn in the global battery market, he stated, "I clearly call it a 'Chasm'?a temporary stagnation in a growth industry," and added, "Orders related to secondary battery materials have not decreased yet, and since investments are based on secured orders, we do not engage in risky investments."

Kim also said, "The group's main focus this year is lithium," noting, "The first products started coming out as early as March, and now we are in the wrap-up stage, so we will focus on lithium promotion as we move into full-scale mass production."

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