Posco Future M, located in Gwangyang, South Jeolla Province, has secured a significant deal worth 1.8 trillion won to supply high-nickel cathode materials for electric vehicle batteries. Although the identity of the battery maker involved in the deal has not been revealed, the final terms and conditions will be disclosed on December 31. This decision was made to honor the battery company's request due to industry uncertainties. The deal represents 38.8 percent of Posco Future M's sales revenue from last year and is seen as a crucial development amidst challenges in the clean mobility market. The company's recent business adjustments, including production target cuts and the cancellation of a joint venture with a Chinese company, reflect the impact of the electric vehicle market slowdown. However, Kim Jun-hyung, a general manager at Posco Holdings, underlined that these are minor adjustments and emphasized the company's commitment to the battery business as a key driving force, despite facing challenges in the industry.