Company DigestCompaniesLast updated: 23 April 2026

POSCO Future M Wins Vietnam Approval for Its First Overseas Artificial Graphite Anode Plant

POSCO Future M, the battery materials unit of POSCO Holdings Inc., has received approval from Vietnamese authorities to build an artificial graphite anode material plant — the company's first overseas production base for this battery component. The first-phase facility at an industrial complex in Thai Nguyen will require an investment of 357 billion won (US$241 million), with construction to begin later in April 2026 and production targeted from 2028.

Battery material testing equipment in a laboratory

Approval for the first overseas anode base

SEOUL, April 23, 2026 — POSCO Future M announced that Vietnamese authorities have approved the construction of its artificial graphite anode material plant, marking the company's first overseas production base for the battery component. The announcement was published in the corporate newsroom at https://newsroom.posco.com/.

POSCO Future M is the battery materials unit of POSCO Holdings Inc. The approved project extends the company's anode material production beyond its domestic bases and establishes a manufacturing foothold in Vietnam, where the first-phase plant is to be built at an industrial complex in Thai Nguyen.

Key parameters of the project

The main characteristics of the approved first-phase project are:

product: artificial graphite anode material for batteries;
status: the company's first overseas production base for this battery component;
site: an industrial complex in Thai Nguyen, Vietnam;
first-phase investment: 357 billion won (US$241 million);
construction start: later in April 2026;
production start: targeted from 2028;
expansion: additional investments possible depending on future order volumes.

Why artificial graphite matters

Anode materials made from artificial graphite enhance the fast-charging performance of batteries and extend their lifespan, and demand for the material continues to grow alongside the battery market. At the same time, supply of artificial graphite remains heavily dependent on a limited number of countries, which increases the need for diversification of supply sources.

The Vietnamese plant addresses both trends: it adds production capacity for a material with growing demand and broadens the geography of its manufacturing beyond the countries that currently dominate supply. For POSCO Future M, the project is a step toward a more diversified supply chain for battery components.

Timeline and expansion outlook

The project follows a staged route from approval to full-scale output:

approval from Vietnamese authorities for the artificial graphite anode material plant, announced on April 23, 2026;
start of construction at the Thai Nguyen industrial complex later in April 2026;
start of production at the first-phase facility from 2028;
possible additional investments depending on future order volumes.

Company comment

In its release, POSCO Future M said: "We will work closely with Vietnam's central and provincial governments to help stabilize global supply chains and strengthen our competitiveness." The company positions the Thai Nguyen plant as a contribution to the stability of global battery supply chains.