Amidst a significant shift in the global clean energy supply chain, POSCO Future M (a subsidiary of South Korea’s POSCO Group) has officially selected the Song Cong 2 Viglacera Industrial Park in Thai Nguyen Province, northern Vietnam, as the site for its first large-scale battery materials plant in the country. Notably, this facility marks POSCO’s first overseas production base for cathode materials.
The signing ceremony for the in-principle land lease agreement at Song Cong 2 Viglacera IP took place on April 9.
Speaking at the event, a representative from POSCO Future M highlighted that the company is the only entity in South Korea capable of simultaneously producing both cathode and anode materials, serving as a vital link in the global supply chains of leading electronics and electric vehicle (EV) corporations.
Following a period of extensive surveys and careful research, POSCO Future M decided on Song Cong 2 Viglacera to establish its inaugural battery materials factory in Vietnam.
The project spans 37 ha with a total investment exceeding $400 million. Construction is slated to begin in the second half of 2026, with production expected to commence in 2028
The plant is designed with an initial capacity of 55,000 tons per year and is planned for phased expansion as order volumes grow. Once operational, the facility will serve as a strategic supply hub for top EV manufacturers in the United States, European Union, and South Korean markets.
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