South Korean steel-making company POSCO announced the launch of the ‘e Autopos,’ an integrated eco-friendly mobility products and solutions brand. ‘e Autopos’ stands for Eco-friendly and Electrified Automotive Solution of POSCO.
“We will focus on creating high-quality, high-value-added products and innovative solutions that meet the needs of the market, and we will lead the eco-friendly car market through win-win cooperation with customers,” said Jung Tak, POSCO’s marketing division manager.
POSCO aims to target incorporating technologies from POSCO Chemical, POSCO International, and POSCO SPS. Using the integrated technology, POSCO will manufacture eco-friendly steel materials and solutions for customers. In line with ‘e Autopos,’ the company will release products including high-tensile steel plates for vehicle bodies and battery packs. Additionally, POSCO will produce energy-sufficient steel materials for driving motors, metal separators for hydrogen vehicles, and electrodes for secondary battery materials.
‘e Autopos’ is POSCO’s second products and solutions integrated brand after they released the Innovilt. In 2019, POSCO launched the steel brand Innovilt to enhance the premium steel market in Korea. With the goal of improving the construction industry, Innovilt represents the eco-friendly technologies POSCO uses in their high-quality steel production.
POSCO’s next-generation hydrogen supply and clean energy
“The market for eco-friendly vehicles such as electric vehicles and hydrogen vehicles is expected to grow from 6 million units in 2020 to 39 million units in 2030,” said POSCO.
Following the rising regulations on carbon neutrality, POSCO is envisioning becoming a leading green hydrogen company. By 2040, POSCO is planning to upgrade its annual green hydrogen production system to 2 million tons. With plans to expand their hydrogen supply chains, POSCO is aiming for a 5 million-ton annual production capacity by 2050. Using natural gas and byproducts, the company is currently producing 7,000 tons of hydrogen per year.
“For hydrogen-powered vehicles, there is still a lot to do in developing the technology. Difficulty and high costs of production remain challenges to work on,” said Lee Kang-hoo, a senior researcher at the Korea Automotive Technology Institute. With the release of ‘e Autopos,’ POSCO will join the eco-friendly automotive industry under the slogan, “Drive Green Future, Together.”
Check out other must-read articles from KoreaTechToday:
- POSCO, Ministry of SMEs Inaugurates Startup Incubator in Seoul
- Hyundai Rotem Starts Operation of Hydrogen Extractor Factory This Month
- Doosan Mobility to Utilize Hydrogen Drones for Smart Ship Solution
- Ministry of SMEs Open K-Startup Centers in Singapore, Finland, Sweden
