Posco Future M, China's CNGR to build LFP cathode plant in Pohang

Posco Future M said Wednesday it would set up a joint venture with China’s CNGR to develop cost-competitive cathode materials, targeting the rapidly expanding energy storage system battery market. Under the agreement, Posco Future M will jointly develop lithium iron phosphate cathode materials through C&P Advanced Technology, its joint venture with CNGR and CNGR’s Korean subsidiary Fino. The signing ceremony, held at Fino’s headquarters in Anyang, Gyeonggi Province, on Tuesday, was attended by Y