L&F, a company specializing in secondary battery materials, announced that its subsidiary L&F Plus shipped its first production from the country's first lithium iron phosphate (LFP) cathode material production line on July 31.
The shipment consists of products produced during the ramp-up phase of the production line, aimed at stabilizing production and increasing output. These initial products will undergo customer evaluations and quality verification to establish a full-scale production and supply system.
The shipped products are high-density third-generation LFP cathode materials developed to achieve higher energy density than standard LFP. L&F Plus plans to enhance the relatively low energy density of existing LFP by developing products with a density of 2.50 g/cc or higher.
With this foundation, the company aims to target the high-value LFP market, focusing on both price and performance competitiveness. The application range will expand, starting with energy storage systems (ESS) for power grids, followed by ESS for AI data centers and affordable electric vehicles.
L&F Plus plans to begin full-scale production at an annual capacity of 30,000 tons by the end of Q3, following customer evaluations and additional process stabilization. Subsequently, it will gradually increase production capacity to 60,000 tons by mid-2027 to meet demand in the North American ESS market.
As over 90% of the global LFP supply chain is concentrated in China, L&F aims to respond to the growing demand for LFP cathode materials outside of China. The company plans to pursue a two-track strategy by supplying both LFP and high-nickel NCM (nickel-cobalt-manganese) to address diverse needs in the electric vehicle and ESS markets.
Heo Je-hong, CEO of L&F, stated, "The first shipment of these initial products marks a significant starting point for stabilizing production at the country's first LFP cathode material production line and preparing for full-scale production. We will respond promptly to customer evaluations and quality verifications while establishing a stable production system."
He added, "Based on our two-track strategy encompassing LFP and high-nickel NCM, we will address diverse demands in the EV and ESS markets while strengthening the competitiveness of the non-China LFP supply chain to continuously expand our presence in the global market."
* This article has been translated by AI.
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