Hyundai Motor pursues $75M anode stake with POSCO Future M
The letter of intent targets preferential purchasing rights from a 357 billion won facility in Vietnam as carmakers race to replace Chinese synthetic graphite under U.S. tax credit rules.
SPBy Seung-min Park, Korea correspondent, batteries and EVs··Updated November 3, 2026·3 min read
ShareLinkedInXWhatsAppEmailWorkers operate industrial machinery along a conveyor line inside a battery materials processing facility. (AI-generated image)
Hyundai Motor Group and POSCO Future M signed a letter of intent on Nov. 3 to evaluate a 100 billion won equity investment in a synthetic graphite anode plant in Vietnam.
The proposed investment represents about $74.6 million for the facility under construction in Thai Nguyen Province, where POSCO Future M is spending 357 billion won ($260 million) to establish its first overseas battery materials hub.
The documents behind this briefing are linked above. East Asia Brief produces its English text with AI assistance under human editorial review, and does not translate or republish other outlets' articles. See our methodology and AI policy. Spotted an error? Tell us.
Korea correspondent, batteries and EVs — Seung-min Park covers Korean cell makers and the cathode and separator suppliers behind them, including their plants in North America and Europe.
