POSCO Chemical has signed a contract to supply high nickel NCA cathodes for electric vehicle batteries to Samsung SDI for 10 years from this year to 2032. The supply contract, which is worth KRW 40 trillion, is the largest and longest-term order POSCO Chemical has landed since its foundation.With the signing of the contract, POSCO Chemical has expanded its product portfolio to include *NCA cathodes on top of NCM and NCMA cathodes, which have so far been the company’s principal products, as well as earning a new client, Samsung SDI, who supplies batteries to various global automakers, thereby laying the stepping stones for for another quantum leap forward.NCM and NCM(A) cathodes: cathodes made using lithium,·nickel,·cobalt,·manganese (and aluminum) as raw materials. NCA cathodes: cathodes made using lithium, nickel, cobalt and aluminum as raw materials. A material that can maximize battery efficiency due to the high levels of battery density and output it affords.Cathodes account for more than 40% of total battery production costs and are a key material in determining battery capacity and output. Cathodes are made using raw materials, such as lithium, nickel, cobalt, manganese and aluminum, and in fact, the characteristics and performance of electric vehicle batteries are determined by the combination of the raw materials used.
POSCO Chemical has signed a contract to supply high nickel NCA cathodes for electric vehicle batteries to Samsung SDI for 10 years from this year to 2032. The supply contract, which is worth KRW 40 trillion, is the largest and longest-term order POSCO Chemical has landed since its foundation.With the signing of the contract, POSCO Chemical has expanded its product portfolio to include *NCA cathodes on top of NCM and NCMA cathodes, which have so far been the company’s principal products, as well as earning a new client, Samsung SDI, who supplies batteries to various global automakers, thereby laying the stepping stones for for another quantum leap forward.NCM and NCM(A) cathodes: cathodes made using lithium,·nickel,·cobalt,·manganese (and aluminum) as raw materials. NCA cathodes: cathodes made using lithium, nickel, cobalt and aluminum as raw materials. A material that can maximize battery efficiency due to the high levels of battery density and output it affords.Cathodes account for more than 40% of total battery production costs and are a key material in determining battery capacity and output. Cathodes are made using raw materials, such as lithium, nickel, cobalt, manganese and aluminum, and in fact, the characteristics and performance of electric vehicle batteries are determined by the combination of the raw materials used.
