Hyundai Motor Group and POSCO Group sign MOU for steel and battery cooperation

Hyundai Motor Group and POSCO Group signed an MOU to cooperate on low-carbon steel production and battery materials. POSCO will make an equity investment in Hyundai's electric arc furnace steel mill project in Louisiana, USA.

“POSCO Group to make an equity investment in Hyundai Motor Group’s Electric Arc Furnace (EAF) integrated steel mill project in Louisiana, U.S., as part of continued transition to low-carbon-emissions steel production.”hyundai.com

• 1 source
• hyundai.comHyundai Motor Group and POSCO Group Agree to Cooperate Across Key Business Areas to Strengthen Future CompetitivenessApr 20, 2025

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