HÀ NỘI — POSCO Future M, a subsidiary of the Republic of Korea’s POSCO Group, has selected Sông Công II Industrial Park in Thái Nguyên Province to build its first large-scale battery materials plant in Việt Nam, according to Viglacera Corporation.

The project will also be POSCO Future M’s first overseas cathode materials production facility, underscoring the growing attractiveness of Việt Nam’s industrial ecosystem, particularly amid the ongoing shift in global clean energy supply chains.

Following extensive surveys and feasibility studies, the company decided to locate the 37-haproject at the Viglacera-developed industrial park. With total investment exceeding US$400 million, construction is expected to begin in the second half of 2026, with operations slated for 2028.

Once completed, the plant will have a designed capacity of 55,000 tonnes per year, serving as a key supplier of battery materials for leading electric vehicle manufacturers in the US, the EU and the Republic of Korea.

A representative of POSCO Future M highlighted Việt Nam’s competitive advantages, including lower production and logistics costs compared to regional peers such as Indonesia. The company also cited favourable geological conditions, stable and ample power supply, and modern infrastructure at Sông Công II Industrial Park as key factors behind its decision.

Covering nearly 296ha, the industrial park enjoys a strategic location adjacent to the Hà Nội – Thái Nguyên Expressway and Ring Road 5, offering efficient connectivity to major manufacturing hubs in northern Việt Nam, particularly in electronics and automotive sectors. — VNA/VNS