Posco Chemical announced on March 27 that it will supply cathode active material to General Motors Korea.
Under the deal, Posco Chemical will supply cathode active material to GM Korea for electric vehicle batteries from 2019 to 2023.
This is the first time that Posco Chemical has supplied cathode active material to a foreign automaker.
Posco Chemical plans to supply cathode active material to GM Korea through its overseas subsidiary, Posco Chemical America.
Posco Chemical is a subsidiary of Posco, the world’s fourth-largest steelmaker by output. Posco Chemical produces and supplies various chemicals, including electrolytes and anodes, to manufacturers of lithium-ion batteries.