Posted on 08 Jul 2022
According to multiple mainstream South Korean media outlets, South Korean steel giant POSCO has recently acquired a 100% stake in Tera Technos, a company focused on lithium-ion battery technologies and materials, from the Kosdaq-listed machinery component, anode material, and renewable energy company Tera Science.
According to The Korea Economic Daily, on 5 July, POSCO Holdings announced that it had purchased Tera Technos. And according to Info Stock Daily, Tera Science announced this transaction on 1 July and the price was about KRW 47.8 billion ($36.80 million). The goal of this acquisition is "to invest in future growth engine businesses such as bio and blockchain." Yet, the related announcements are not found on the websites of POSCO, Tera Technos, or Tera Science.
POSCO Holdings is likely to prepare for production at Tera Technos soon. Some inferred that it will start production in the first half of 2024, Kallanish learns.
Based in Daejon, South Korea, and founded in 2007, Tera Technos designed a technique to lower thermal risks by using nano-sized silicon particles. The anode material market has great potential as it is an important part of the electric vehicle battery material business.
With the ambition to lead the EV battery material business in 2030, POSCO Holdings set the goal of reaching 178,000 tonnes of anode material production in 2026 and then 322,000 t in 2030.
Business Korea says: "The silicon anode material market is expected to grow by 39% every year by 2030. The content of silicon anode materials in lithium-ion batteries is currently less than 5%, but is expected to grow to more than 10% by 2025 and more than 25% by 2030."
Source:Kallanish
