Honda and Posco sign MoU for Canadian cathode JV [Yahoo! Finance]
POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX)
US:NYSE Investor Relations:
posco.com/homepage/docs/eng5/jsp/invest/archive/s91b6010071l.jsp
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Source: Yahoo! Finance
The automaker last night formally announced a C$15bn (US$11bn) investment to build a BEV plant in Alliston, Ontario with capacity for 240,000 units per year, along with a battery plant with capacity of 36 GWh per year, with operations scheduled to begin in 2028. Posco has established itself as a leading supplier of battery materials with battery makers including Samsung SDI, LG Energy Solution and Ultium Cells among its key customers. Honda and Posco began discussions a year ago and the memorandum of understanding (MoU) signed this week allowed for more detailed discussions in coming months with the two companies aiming to sign a formal joint venture agreement before the end of 2024. Posco said cathode materials produced by the JV would be used in Honda vehicles made in Canada and the US. Cathode materials are typically a blend of minerals such as lithium, cobalt, nickel and manganese, and account for a significant proportion of the cost of BEV battery cells. The joint vent
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News
- POSCO Holdings: Operating Income Recovery Overshadowed By Cautious Capex Outlook [Seeking Alpha]Seeking Alpha
- POSCO HOLDINGS INC. Files its Annual Report on Form 20-FPR Newswire
- Asia-Pacific $769 Mn Next-Generation Anode Materials Markets, 2023-2024 & 2032: Growing Demand for Solid-State Lithium-Metal Batteries, Creating Resilient Binders for Assuring the Stability of Silicon Anodes [Yahoo! Finance]Yahoo! Finance
- Benefits gained via regional coordination [Yahoo! Finance]Yahoo! Finance
- POSCO Holdings Inc. (NYSE: PKX) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
PKX
Sec Filings
- 5/2/24 - Form 6-K
- 4/29/24 - Form 20-F
- 4/25/24 - Form 6-K
- PKX's page on the SEC website