Korea Joongang Daily
Korea JoongAng Daily

Posco Future M invests in U.S. 'dream battery' company Factorial Energy

Posco Future M has made a direct investment in U.S.-based solid-state battery company Factorial Energy as part of its growth strategy focused on the next-generation battery market, the company said Tuesday.

2026-01-27

Posco Future M signs MOU with Chinese firm for battery material project

Posco Future M and CNGR Advanced Material signed a memorandum of understanding to cooperate on a battery materials project.

2025-08-11

Posco Future M wins EV battery materials supply contract from Japan

Posco Future M, the battery materials unit of steel giant Posco Holdings, said Friday it has secured an electric vehicle (EV) battery materials supply contract from a major Japanese battery manufacturer.

2025-07-11

Posco Future M clinches $1.4 billion deal to provide material for EV batteries

Posco Future M clinched a 1.85 trillion won ($1.4 billion) battery materials deal with an undisclosed EV battery maker, according to a regulatory filing on Wednesday.

2024-09-11

Posco to source 60,000 tons of graphite from Africa in pull away from China

Posco Future M plans to reduce its reliance on Chinese graphite by sourcing the material from Africa's Mozambique Balma operation via a deal with Australia's Syrah Resources.

2024-03-03

Posco Future M looks to EV batteries to swell revenue

Posco Future M aims to up its revenue 13-fold to 43 trillion won ($32 billion) by 2030 through aggressively expanding its battery materials business.

2023-08-28

Posco Future M to co-build nickel plant in the Philippines

Battery material supplier Posco Future M will produce nickel in the Philippines in cooperation with a local mining company.

2023-08-18

EV battery stocks run out of juice as focus turns to other sectors

EV battery stocks have lost traction in recent weeks as the expected recovery of Chinese tourists put hotels, duty-free shops and cosmetics into the spotlight following China’s lifting of its group tour ban to Korea last week.

2023-08-15

Sell reports for reusable battery stocks abound

Analysts have increasingly issued sell reports for reusable battery stocks, citing the overvaluation of an industry facing rapidly increasing competition.

2023-08-04

Posco Future M to invest $533 million to build battery materials plant

Posco Future M will invest 683.4 billion won ($533 million) to build a high-nickel cathode battery materials plant in Gwangyang, South Jeolla.

2023-07-25