POSCO Future M, Honda to set up JV in Canada for battery materials partnership
Apr 26, 2024
POSCO Future M, the battery materials unit of POSCO Holdings, said Friday it will set up a joint venture (JV) with Honda Motor in Canada mainly for the supply of a core battery material to the Japanese carmaker. The two companies have signed a memorandum of understanding to establish a joint company in Ontario to supply cathodes for Honda's vehicles assembled in Canada and the United States, POSCO Future M said in a statement. Through the strategic partnership, they expect to secure a new grow