POSCO Chemical can now use its cathode manufacturing technology, a national core technology, in its overseas production bases. Korea’s Ministry of Trade, Industry and Energy recently held an Industrial Technology Protection Committee meeting and approved the overseas export of ‘technology used in designing, manufacturing, and processing cathode with nickel content of over 80%, a national core technology owned by POSCO Chemical.The technology involved in manufacturing cathode material with high nickel content is essential in increasing the mileage of electric vehicles. The Industrial Technology Protection Committee approved its export after giving thorough consideration to the level of technology protection of POSCO Chemical and its impact on the battery industry and the national economy.POSCO Chemical has been actively expanding joint partnerships with global automakers and material companies as well as developing its mass production capacity in its plants in North America, Europe, and China in response to the rapidly growing EV market and the reinforced protectionism of each country.Ultium CAM, a joint corporation formed by POSCO Chemical and GM, has plans to complete the construction of its high-nickel cathode plant with an annual production capacity of 30,000 tons in Quebec, Canada by June, 2024, with production expected to begin in early 2025. ZPHE, a joint corporation between POSCO Chemical and Zhejiang Huayou Cobalt, a Chinese cobalt manufacturer, is also in the works to increase its cathode production capacity from the current 5,000 tons to 35,000 tons, starting with 20,000 tons in June 2024, and an additional 10,000 tons by June 2025.
POSCO Chemical can now use its cathode manufacturing technology, a national core technology, in its overseas production bases. Korea’s Ministry of Trade, Industry and Energy recently held an Industrial Technology Protection Committee meeting and approved the overseas export of ‘technology used in designing, manufacturing, and processing cathode with nickel content of over 80%, a national core technology owned by POSCO Chemical.The technology involved in manufacturing cathode material with high nickel content is essential in increasing the mileage of electric vehicles. The Industrial Technology Protection Committee approved its export after giving thorough consideration to the level of technology protection of POSCO Chemical and its impact on the battery industry and the national economy.POSCO Chemical has been actively expanding joint partnerships with global automakers and material companies as well as developing its mass production capacity in its plants in North America, Europe, and China in response to the rapidly growing EV market and the reinforced protectionism of each country.Ultium CAM, a joint corporation formed by POSCO Chemical and GM, has plans to complete the construction of its high-nickel cathode plant with an annual production capacity of 30,000 tons in Quebec, Canada by June, 2024, with production expected to begin in early 2025. ZPHE, a joint corporation between POSCO Chemical and Zhejiang Huayou Cobalt, a Chinese cobalt manufacturer, is also in the works to increase its cathode production capacity from the current 5,000 tons to 35,000 tons, starting with 20,000 tons in June 2024, and an additional 10,000 tons by June 2025.
