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(Photo=POSCO FutureM) |
[Alpha Biz= Reporter Kim Minyoung] POSCO Future M announced on the 25th that it will enter into a joint venture with Japan's Honda Motor on cathode materials, a core material for batteries.
The two companies signed a memorandum of understanding (MOU) to establish a cathode materials joint venture in Ontario, Canada. The goal is to conclude a final contract this year, and the cathode materials produced by the joint venture will be supplied to Honda for electric vehicle batteries manufactured in North America.
Previously, POSCO Group and Honda decided to pursue cooperation in areas such as anode and cathode materials, which are core materials for secondary batteries, and next-generation batteries, in April last year. POSCO Future M explains that as a result of continued close consultation, they succeeded in signing an MOU.
POSCO FutureM has secured Honda as its new customer, which is seeking to build an annual production system for more than 2 million electric vehicles by 2030.
Alphabiz Kim Minyoung (kimmy@alphabiz.co.kr)
