Global battery materials company ELN&F announced on July 29 that it has signed a long-term supply agreement for lithium iron phosphate (LFP) cathodes with U.S. battery technology firm CoreShell Technology.
This agreement comes amid a market environment where the origin, supply chain, and regulatory requirements for battery materials are increasingly stringent in the United States.
ELN&F successfully secured this contract based on its capability to supply LFP cathodes that comply with U.S. supply chain and origin regulations, including the One Big Beautiful Bill (OBBB). The company has also established a non-China supply chain that meets the strict standards required in defense and strategic industries, such as those outlined in the National Defense Authorization Act (NDAA).
CoreShell, headquartered in California, is developing next-generation battery platforms utilizing domestically sourced metal silicon. The company has been conducting technology validation and sample supply activities for global original equipment manufacturers (OEMs) and is expanding its business into electric vehicles, energy storage systems for power grids, and defense.
With this agreement, CoreShell aims to establish a battery supply system that excludes Chinese minerals and components from anode to cathode while ensuring compliance with U.S. production and regulatory standards. The company has secured a large-scale production base capable of meeting supply chain standards for key demand sectors, including defense, electric vehicles, and energy storage systems for power grids.
Jonathan Tan, CEO of CoreShell, stated, "This agreement is a significant milestone in realizing our strategy of a battery supply chain based on non-China sources. We have established a foundation to reliably supply batteries that meet the highest regulatory compliance standards demanded by our customers."
This contract with CoreShell is seen as a continuation of ELN&F's expansion, demonstrating that its LFP cathodes have been recognized for both technological capability and competitiveness in a non-China supply chain in the North American market. ELN&F noted, "We have built a supply system that meets the stability, regulatory responsiveness, and procurement readiness required by North American customers."
Ryu Seung-heon, CFO of ELN&F, remarked, "Based on a two-track strategy encompassing ultra-high nickel NCM and LFP, we will respond broadly from premium electric vehicles to the affordable market, contributing to the establishment of a stable and competitive non-China supply chain that global customers demand."
Meanwhile, ELN&F announced on July 21 that it would begin its NCM (nickel-cobalt-manganese) and LFP battery recycling business based on strategic cooperation with CIS Chemical.
* This article has been translated by AI.
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