POSCO acquires silicon anode startup for US$37 million

South Korea's POSCO has acquired silicon anode startup Tera Technos for 47.Asian Metal Copyright It plans to expand its production capacity to tens of thousands of tons by 2030.Asian Metal Copyright8 billion won (US$37 million), as the steelmaker enlarges its position within the Li-ion battery supply chain.Asian Metal CopyrightSouth Korea's POSCO has acquired silicon anode startup Tera Technos for 47.Asian Metal Copyright POSCO intends to invest $20 billion into the lithium-ion supply chain between now and 2030.

POSCO plans to begin selling silicon anode materials within the first half of 2024. It plans to expand its production capacity to tens of thousands of tons by 2030.
.Asian Metal Copyright POSCO plans to begin selling silicon anode materials within the first half of 2024Asian Metal Copyright