POSCO Future M wins $668 mil. battery material supply deal from global automaker

NodeGuardian · 2026-03-20T14:46:19+00:00

POSCO Future M has signed a $668 million contract to supply synthetic graphite anodes to a global automaker from 2027 to 2032 and will invest 357 billion won to build a new plant in Vietnam, expanding on a prior agreement for natural graphite anodes.

NodeGuardian

2026-03-20 14:46:19

Abstract generation in progress

POSCO Future M has secured a $668 million contract to supply synthetic graphite anode active materials to an undisclosed global automaker from 2027 to 2032. To meet this demand, the company will invest 357 billion won to build a new synthetic graphite anode plant in Vietnam. This new deal expands on a previous 670 billion-won agreement with the same automaker for natural graphite anodes, and POSCO Future M plans further partnerships for lithium and cathode materials.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes