SEOUL, February 06 (AJP) - South Korean manufacturer of battery materials, L&F, is exploring the direct production of lithium iron phosphate (LFP) cathode materials in the United States in the face of potential trade restrictions under the Donald Trump administration.
L&F officials said the company is pursuing a dual approach to its LFP business, considering both domestic production in South Korea and establishing manufacturing in the U.S. The company plans to unveil detailed business plans in the second quarter.
The company anticipates that high-nickel cathode materials will constitute roughly 75 percent of its sales by 2027, with LFP products comprising the remaining 25 percent.
Mass production of LFP materials is slated to begin in 2026, targeting markets outside of countries.
“Despite significant policy uncertainties and volatility in the electric vehicle industry, our high-nickel products are expected to achieve record-high quarterly shipments,” said Ryu Seung-heon, L&F’s chief financial officer.
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