POSCO Holdings Forms Joint Venture with CNGR and FINO for LFP Cathode Materials
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POSCO Holdings Inc.'s subsidiary, POSCO Future M, has formed a joint venture with CNGR and FINO to build an LFP cathode material plant. Named CNP New Material Technology, the venture aims to expand POSCO Future M's presence in the LFP market for energy storage systems. The plant, located in Pohang, will start construction in 2026 and mass production in 2027, with a capacity of 50,000 tons annually.
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