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Posco International Corporation, a subsidiary of South Korea s largest steelmaker, said it plans to expand its capacity to produce bipolar plates used in hydrogen fuel cell systems that power electric vehicles (EVs), according to local reports.
Posco plans to expand its capacity to produce bipolar plates at its Cheonan plant in South Korea to 10,000 tonnes per year by 2027, from 1,400 tonnes at present, in anticipation of rapid growth in global demand. This would be enough for 245,000 fuel cell electric vehicles, the company reportedly said in a statement.
The industrial giant has recently shifted its focus to supplying the growing global EV market. Last month the group s Posco Chemical Company subsidiary said it was investing KRW276bn (US$242m) to expand its production capacity of cathodes, a key component for EV batteries.  ....

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