Hyundai Motor Group to Invest KRW 100 Billion in POSCO Future M's Vietnam Artificial Graphite Anode Material Project

Also Seeks to Secure Priority Purchase Rights for Artificial Graphite Anode Materials

Artist's rendering of the artificial graphite anode material plant POSCO Future M is building in Thai Nguyen Province, Vietnam. POSCO Future M

POSCO Future M announced on November 3 that it had signed a letter of intent (LOI) with Hyundai Motor Group to cooperate on a project to develop artificial graphite anode materials in Vietnam.

Under the agreement, Hyundai Motor Group will consider making an equity investment of KRW 100 billion in POSCO Future M's artificial graphite anode material project in Vietnam and seek to secure priority purchase rights for the materials.

In April 2025, POSCO Group and Hyundai Motor Group signed a business cooperation agreement covering the steel and secondary battery sectors to gain an early foothold in the future mobility materials market.

The LOI will give POSCO Future M a foundation for building global production facilities, while Hyundai Motor Group will be able to establish a stable battery materials supply chain based on its priority purchase rights.

The two companies also plan to cooperate on the advance development and quality evaluation of artificial graphite anode materials tailored to electric vehicles' performance requirements.

Artificial graphite anode materials are beneficial for improving batteries' fast-charging performance and lifespan. Demand for the materials is steadily increasing as electric vehicle performance continues to advance.

They are also attracting attention as a key material requiring supply chain diversification, as global supply chains are being reshaped at an accelerating pace following the introduction of the Prohibited Foreign Entity (PFE) requirements in the United States and the announcement of the Industrial Acceleration Act (IAA) in Europe.

POSCO Future M began construction this year on an artificial graphite anode material plant in Thai Nguyen, Vietnam, with an investment of approximately KRW 357 billion. It has completed customer order contracts for the first phase of investment, targeting mass production in 2028, and is currently pursuing the second phase.

This content was produced with the assistance of AI translation services.