L&F to supply ultra-high nickel cathodes to Korean, US EV makers

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Sources said L&F’s move to mass-produce ultra-high-nickel cathodes is part of its business strategy to set it apart from Chinese battery materials makers, which largely focus on lithium iron phosphate (LFP) cathodes, widely used in batteries for low-end EVs.L&F counts Tesla Inc.as well as Korea’s top three battery makers – LG Energy Solution Ltd., SK On Co.and Samsung SDI Co.– among its major clients.

TESLA’S CYBERCABL&F has already commercialized high-nickel cathode materials with over 90% nickel content, supplying batteries in partnership with LG Energy Solution to clients such as General Motors Co.“Korean battery-related companies have strengths in high-nickel batteries – a key differentiator with Chinese rivals, which have yet to catch up with,” said a battery industry official.

South Korea’s leading battery materials maker L&F Co.plans to begin mass production of nickel-cobalt-manganese (NCM) battery cathodes with 95% nickel content in December – the highest nickel content for such a battery type.

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Article Details

Category: Economy

Markets: South Korea

Topics: Tesla Industry Content Makers Materials Battery Batteries Cathodes Energy Nickel Cells

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Article Type: News Report

Published On: 2024-11-03 @ 18:06:06 (2 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

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