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Stock impact report

Posco, Sila to collaborate in next-gen battery technologies [Yahoo! Finance]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Company Research Source: Yahoo! Finance
Posco Future M Company, the battery materials subsidiary of South Korea's Posco Holdings, announced that it has signed an agreement with US-based Sila Nanotechnologies to collaborate on the development of advanced materials for next-generation battery cells. Sila has developed a lithium-silicon battery anode, the Titan Silicon, using nano-engineered silicon particles, which it says is capable of storing significantly more energy than conventional graphite-based battery anodes. The new anode could potentially significantly extend the driving range of battery electric vehicles (BEVs) and enable faster charging. The company also offers battery engineering services to outside battery manufacturers, with its clients also including Mercedes-Benz. Posco Future M mainly produces cathode materials for nickel-cobalt-manganese (NCM) and nickel-cobalt-manganese-aluminum (NCMA) batteries and is looking to expand its product portfolio to include lithium iron phosphate (LFP), all-solid-state ba Show less Read more
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