Coinbase Q1 2026 Earnings Miss Sends COIN Stock Lower Amid Crypto Market Slump 
Australia Budget 2026: Smaller Deficit Expected Amid Tax Reform Push 
Dollar Slips as Strong U.S. Jobs Data Reduces Fed Rate Cut Expectations 
Goldman Sachs Delays Fed Rate Cut Forecast to 2026 Amid Rising Inflation Concerns 
Nintendo Shares Tumble as Weak Forecast and Rising Switch 2 Costs Worry Investors 
S&P 500, Nasdaq Hit Record Highs as AI Stocks Rally and Strong Jobs Data Boost Confidence 
Nike Tariff Refund Lawsuit Sparks Consumer Backlash Over Price Increases 
AcadeMedia Q3 Profit Climbs as International and Adult Education Segments Drive Growth 
Morgan Stanley Bets on Optical Component Stocks in Greater China Tech Sector 
Asian Stocks Rise Despite Middle East Tensions as Chipmakers Boost Markets 
Malaysia Unveils Energy Security Plan Amid Iran Conflict and Rising Oil Costs 
Hantavirus Cruise Ship Outbreak Triggers Global Health Alert 
Judge Delays SEC Settlement With Elon Musk Over Twitter Stock Disclosure Case 
ECB Signals Possible Interest Rate Move if Inflation Outlook Fails to Improve 
Orsted Q1 EBITDA Beats Expectations Despite U.S. Impairments 
AI-Driven Inflation Raises U.S. Consumer Prices, Goldman Sachs Says 
K+S Raises 2026 Earnings Outlook After Strong Q1 Results 
Posco Holdings Inc. and Honda Motor signed a memorandum of understanding (MOU) to form a joint venture for the electric vehicle and battery business. The companies will work together on the supply and recycling of EV battery materials.
Choi Jeong Woo, the chairman of Posco Holdings and Toshihiro Mibe, chief executive officer of Honda Motor, met up for a signing ceremony of the MOU on Tuesday this week. The event was held at the Posco Center in Seoul, South Korea.
As per Pulse News, under the MOU, it was agreed that Posco and Honda would look at technical exchanges on key battery materials like anode and cathode materials, battery materials recycling, and materials for all-solid-state batteries where the companies agreed to promote joint technology development via steady exchanges in the business and technology sectors.
In the recycling business, they have agreed to work on methods that will link Honda's electric vehicle business with Posco Group's recycling business that is operating worldwide. For steel, the companies will consider the expansion of applications of environmentally-friendly steel plates for carbon neutrality.
The Posco Group's goal is to set up a production and sales system that will cover 610,000 tons of anode materials, 300,000 tons of lithium, 320,000 tons of cathode, and 220,000 tons of nickel by the year 2030. It also wants to reach KRW41 trillion or $31 billion in sales solely from this battery materials business. On the other hand, Honda Motor is planning to put in $40 billion by 2030 to boost the brand's competitiveness in the EV industry.
"Honda has been our strategic partner in the steel business, and we are pleased to expand our cooperative system into the field of battery materials," Choi Jeong Woo, Posco Holdings chairman, said in a press release. "We are expecting that the POSCO Group's 'full value chain' for battery materials, which includes elemental materials such as lithium and nickel, cathode and anode materials, future battery materials, and recycling, will be of great help to Honda's strategy to expand its electric vehicle business."
Honda's chief Toshihiro Mibe further said, "We believe that this expansion of our partnership with POSCO, which has extensive expertise in the areas of battery materials, recycling, and steel sheet and electric steel sheet will help us further accelerate our electrification strategies."
