Ferrari Luce EV Sells for Record $40 Million at Charity Auction 
Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion 
Canada Faces 50% U.S. Tariffs as Trade Tensions Threaten USMCA Talks 
Oil Prices Rise as Iran-U.S. Tensions Threaten Strait of Hormuz Supply 
Foreign U.S. Treasury Holdings Fall as Japan, UK and China Cut Positions 
Malaysia Inflation Eases to 1.8% in July, Below Forecast 
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push 
US Stock Futures Steady as Cooling Inflation and Strong Earnings Support Markets 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
European Stocks Edge Higher as Fed Rate Pause Bets Rise 
Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
US Dollar Hovers Near Multi-Month Lows as Fed Rate Hike Bets Ease 
Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
Dollar Slides as Soft U.S. Data Cuts Fed Rate Hike Bets 
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals 
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations 
Add as a preferred source on Google
POSCO Chemical Co. will collaborate with British battery startup Britishvolt Ltd on electric vehicle battery components development and supply in a bid to tap deeper into the European EV market.
The companies would also work to establish a stable supply chain, including securing the raw materials for EV battery components and ensuring local production in Europe.
Britishvolt plans to build plants in Quebec, Canada, and Northumberland, England, with a combined capacity of 100 gigawatt-hours per year. Its clientele are British automakers, including Aston Martin and Lotus.
A division of South Korean steel giant POSCO Holdings, POSCO Chemical has been focusing on the cathode market, a crucial component in lithium-ion batteries, as a new development engine.
POSCO Chemical is constructing a cathode production facility in southern Quebec in a joint venture with General Motors. About 30,000 tons of high-nickel cathodes will be produced annually by General Motors beginning in 2024, which will be enough to make 220,000 electric vehicles.
In addition, POSCO Chemical has established a joint venture with Huayou Cobalt, the biggest cobalt producer in China, to begin producing 35,000 tons of high-nickel cathodes every year by 2023.
