COSMO Chemical Signs KRW 14.1 Billion Supply Contract for Secondary Battery Cathode Material Raw Materials

It is worth noting that with the gradual ramp-up of large cylindrical battery production, the share of 9-series materials is rising rapidly both domestically and internationally.

On June 10, CAAM released data showing that in May, auto production and sales reached 2.616 million units and 2.629 million units, up 1.6% and 4.1% MoM, respectively, but down 1.2% and 2.1% YoY, respectively. In the first five months of this year, production totaled 12.235 million units, down 4.6% YoY, and sales reached 12.207 million units, down 4.2% YoY, with the decline narrowing further from the first four months. In export terms, May exports stood at 930,000 units, up 3.1% MoM and up 68.7% YoY, remaining above 900,000 units for two consecutive months. For the first five months, exports reached 4.059 million units, up 63% YoY.