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By Shane Lasley
Metal Tech News 

POSCO signs $733M Ultium graphite deal

To supply artificial graphite for batteries powering GM EVs Metal Tech News – January 4, 2023

 

Last updated 1/3/2023 at 3:31pm

Worker remote operates crane moving large graphite cylinders inside plant.

POSCO Chemical

POSCO's artificial graphite anode material plant in Korea.

In a deal that will further support General Motors' electric vehicle ambitions, POSCO Chemical has entered into a contract to supply Ultium Cells LLC with $733 million (939.9 billion Korean won) of artificial graphite anode material over the next six years.

While natural, or mined, graphite makes up much of the anode material going in the lithium-ion batteries that power EVs, artificially produ...



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