Ground was broken for Posco Chemical’s artificial graphite-based anode facility in Pohang, North Gyeongsang, the company said Wednesday.
Lotte Chemical is acquiring 53.3 percent of Iljin Materials for 2.7 trillion won ($1.9 billion), aiming to be a major supplier of electric vehicle (EV) battery materials.
SKC, a chemical affiliate of SK Group, is going into the silicon anode material business.
K Materials said Tuesday it is forming a joint venture with U.S.-based anode material manufacturer Group14 Technologies to get more involved in the battery materials business.
Posco Chemical will supply anodes, one of four core components of an electric vehicle (EV) battery, to Ultium Cells, an EV battery joint venture between General Motors and LG Energy Solution.
Korea JoongAng Daily Sitemap