Consortium led by POSCO, Samsung SDI to build $54M cathode materials plant in Chile for EVs
Green Car Congress
MARCH 12, 2018
A consortium led by South Korea’s POSCO and Samsung SDI, and including China’s Sichuan Fulin Industrial Group and Chile’s Molyment, has won a bid to build a cathode materials plant in Chile to support that country’s Li-ion batteries project. POSCO and Samsung SDI will jointly invest about $54 million in the plant, which will produce 3,200 tonnes of cathode a year starting in the second half of 2021, which will be used to make lithium-ion batteries for electric vehicles.