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'After the EV market chasm': POSCO invests $661M in battery materials

POSCO investments made "in preparation for full-scale market growth after the EV market chasm"

James Stent
POSCO Group chairperson In-hwa Chang (left) inspects the Ultium CAM JV site in Canada

POSCO Group chairperson In-hwa Chang (left) inspects the Ultium CAM JV site in Canada | Credits: POSCO

POSCO Holdings will invest KRW 922.6 billion (US$661 million) in three of its rechargeable battery material subsidiaries, the South Korean steel giant announced today (May 16). POSCO said the investments...

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