Ford Battery Partner Eyes Korea Expansion After IRA Clarity (1)

Ecopro Group, a battery materials maker that supplies Ford Motor Co. and Samsung SDI Co., plans to expand its manufacturing presence in South Korea, according to people familiar with the matter, after guidance last week clarified provisions around the US’s landmark climate bill.

Ecopro already has a 5.3 million-square-foot site in Korea’s southeastern metals hub of Pohang, where it’s investing 3.2 trillion won ($2.4 billion) to produce 270,000 tons of cathode-active materials annually to be used in electric-car batteries. The company is considering another site of around 7 million square feet, the people said, asking not to be ...