# POSCO Chemical wins $689 million anode material supply contract with Ultium Cells

POSCO Chemical signed a $689 million contract to supply artificial graphite anode materials from its Pohang plant to Ultium Cells from 2023 to 2028 for EV batteries.

- Type: Contract
- Announced: 2022-12-05
- Where: Pohang, North Gyeongsang Province, South Korea
- Value: $689.0M
- Status: announced
- Products: artificial graphite anode materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ultium Cells](https://endata.com/companies/12110.md) (customer)
- [POSCO Chemical](https://endata.com/companies/44695.md) (supplier)

## Sources

- [koreatimes.co.kr](https://www.koreatimes.co.kr/business/companies/20221205/posco-chemical-wins-689-million-order-for-anode-materials-from-ultium-cells), 2022-12-05: "The completion of a perfect value chain and expansion of our product portfolio led us to win the order."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.