Huayou Cobalt, Posco to set up lithium-ion battery materials joint ventures

Huayou Cobalt and Posco will invest in two joint ventures in China’s Zhejiang province to produce lithium-ion battery materials, according to a statement filed on the Shanghai Stock Exchange on Wednesday January 10.

With a total investment of 1 billion yuan ($154 million), Zhejiang HUAYOU-POSCO New Energy Co, Ltd will be dedicated in the research and development, production, as well as sales of lithium-ion battery precursor materials. Huayou Cobalt and Posco will hold 60% and 40% stakes respectively in the new...

Published

Susan Zou

January 11, 2018

15:58 GMT

Shanghai