# 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.

- Type: Partnership
- Announced: 2025-04-21
- Where: Louisiana, United States
- Status: announced
- Capacity: 2.7 million metric tons per year
- Products: low-carbon steel sheets, lithium, battery anode materials
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hyundai Motor Company](https://endata.com/companies/6382.md) (partner)
- [POSCO](https://endata.com/companies/8856.md) (partner)

## Sources

- [hyundai.com](https://www.hyundai.com/worldwide/en/newsroom/detail/0000000945), 2025-04-20: "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."

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