POSCO Chemical finishes construction at expanded Gwangyang cathode production facility

POSCO Chemical finishes construction at expanded Gwangyang cathode production facility

POSCO Chemical completed construction at the expanded Gwangyang cathode production facility in November, which will ramp-up production of high-nickel cathode active materials for EVs and ESS applications.

Blue View

The Gwangyang facility in the South Jeolla province of South Korea is POSCO Chemical’s largest cathode production facility. The expansion will triple the capacity at the plant to 90,000tpy high-nickel cathode active material, including both NCMA and NCM cathode types targeted at Li-ion batteries in the rapidly growing electric vehicle sector and for energy storage systems.

The expansion increases POSCOs overall cathode production capacity to 105,000tpy when combined with the Gumi facility in South Korea and the Zhejiang-POSCO-Huayou ESM joint venture in China. POSCO plan to further increase cathode production capacity with a target capacity of 340,000tpy by 2025 and 610,000tpy by 2030. The construction and commissioning of the Pohang plant in South Korea and the planned joint venture plant with GM in Canada are key to achieving POSCOs targeted growth in Korea and internationally. Further joint ventures to develop cathode production capacity between POSCO and major North American and European automotive companies are likely, with Ford and Stellantis already linked with POSCO unofficially.

The expanded Gwangyang facility will take advantage of POSCO Group's battery materials hub in Gwangyang. The hub will process and refine raw materials for cathode and battery manufacturing, including lithium from the POSCO-Pilbara Lithium Solution joint venture and the POSCO HY Clean Metal recycling facility.

  • 30 Nov 2022
  • Automotive
  • Batteries
  • Energy Storage

Like what you read? Subscribe now to get Project Blue's news analysis for free in your inbox every Monday.

Subscribe Now