POSCO Holdings announced it has entered into an agreement with ProLogium to support ProLogium for the development and supply of cathode, anode and solid electrolyte materials needed for the production of ProLogium's next-generation solid-state batteries. Under the arrangement, POSCO Holdings will invest in ProLogium and become a long-term strategic partner of the Company. The two parties will work together to develop and manufacture anode, cathode, and solid electrolyte materials that meet ProLogium's specifications for its proprietary solid state battery technology.
ProLogium and POSCO Holdings aim at entering a preferred supply arrangement upon the successful development of the materials. Such arrangement will provide POSCO Holdings with direct access to the highly attractive solid-state battery market, and will in turn enhance supply security for ProLogium and its customers.