Posco Holdings continue battery value chain integration through agreements with GS Energy and LG Energy Solution

Oct 2022

South Korean materials company Posco Holdings has bolstered its position within the EV battery value chain through two separate, non-binding agreements with GS Energy and LG Energy Solution. The preliminary agreement with GS Energy, announced on Thursday 6th October 2022, sets up a potential JV to establish lithium-ion battery recycling capabilities, with signed-agreement expected before the end of the year. The two companies plan to invest a combined USD118.5 million in the collaboration. Although the details of the agreement’s outcome are unclear at this stage, Posco CEO Choi Jeong-woo stated the company intends to construct a “new industrial ecosystem related to secondary battery recycling”…



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