UPDATE 1-China's Fulin drops plan to build battery parts in Chile [Reuters]
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: Reuters
UPDATE 1-China's Fulin drops plan to build battery parts in Chile - Reuters 3 Min Read (Adds details from Corfo statement, context, byline) By Dave Sherwood SANTIAGO, July 25 (Reuters) - China’s Sichuan Fulin Transportation Group Co has ditched a project to build parts for electric vehicles in Chile, the government said on Thursday, leaving in tatters a nascent EV battery industry in the South American nation. Fulin and two other corporate investors won a 2018 government auction for a coveted, 27-year supply of ultralight battery metal lithium. In exchange, the companies said they would build battery parts factories in the north Chilean desert. Chile development agency Corfo, which ran the tender, said in a statement it had received “letters from all three companies saying they will not go forward with their investments.” Fulin was the last of the batterymakers to drop out. In June, South Korean steelmaker Posco said it was dropping out of a joint venture with electronics giant Samsun
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PKX
Sec Filings
- 4/15/24 - Form 6-K
- 3/29/24 - Form 6-K
- 3/21/24 - Form 6-K
- PKX's page on the SEC website