POSCO Future M Ships First Batch from Pohang NCA Cathode Material Dedicated Plant... Annual Capacity of 30,000 Tons

POSCO Future M announced on the 13th that it has shipped the first products from its dedicated NCA (Nickel-Cobalt-Aluminum) cathode material plant in Pohang. This is about three months ahead of the original schedule, and the company plans to fully commence operations.

POSCO Future M evaluated that by operating the first NCA cathode material dedicated plant in Pohang with an annual production capacity of 30,000 tons, it has established a mass production system capable of stably responding to large-scale orders.

NCA cathode material is a high-nickel product with a nickel content of 88%, characterized by using nickel, cobalt, and aluminum as raw materials to increase the energy density and output of batteries.

Earlier, in January 2023, POSCO Future M signed a supply contract worth approximately 40 trillion KRW with Samsung SDI and was supplying NCA cathode materials using part of the line at its Gwangyang plant. To meet customer demands, the company advanced the operation of the dedicated NCA cathode material plant under construction in Pohang by about three months and began operations this month.

The company is currently constructing another dedicated NCA cathode material plant in Gwangyang with an annual production capacity of 52,500 tons, aiming for completion in 2025. With this, POSCO Future M will have an NCA cathode material production system with an annual capacity of 82,500 tons.

The dedicated NCA cathode material plants in Pohang and Gwangyang plan to expand the production of single-crystal cathode materials, whose demand is rapidly increasing due to the high-performance requirements of electric vehicles. Single-crystal cathode materials are made by bonding raw materials into a single particle structure, enhancing the battery's thermal stability and lifespan.

Following the domestic first mass production of NCMA single-crystal cathode materials in March last year, POSCO Future M is expected to further solidify its position as a leading high value-added technology company by establishing a mass production and supply system for NCA single-crystal cathode materials. The company explained that by building a mass production system for NCA cathode materials alongside its main products, NCM and NCMA cathode materials, it has expanded its product portfolio to sufficiently respond to the growth of the electric vehicle market and the increasingly segmented customer needs.

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