According to the information of CNGR, on the morning of November 24, the 2022 "Power Battery Leading City" Pohang International Conference was officially held in the POSCO International Pavilion of Pohang, Gyeongsangbuk-do, South Korea, and CNGR signed the Memorandum of Understanding on Investment with Pohang Municipal Government. According to the memorandum, CNGR will establish a world leading lithium battery cathode material precursor and battery grade nickel sulfate plant in South Korea's Yingri Bay Industrial Park, and South Korea's Gyeongsangbuk-do and Pohang City will provide the corresponding support for CNGR's project construction.