Information
11 Igokdong-ro, Dalseo District, Daegu, South Korea
+82 53-592-7301
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Overview
- Summary
- L&F is a global top-tier manufacturer of cathode active materials for lithium-ion secondary batteries, a company that has accumulated unique technological capabilities in secondary battery materials since its establishment in 2000. It is a company that proactively responds to market changes with a two-track strategy encompassing high-nickel NCM and NCMA cathode materials, as well as Lithium Iron Phosphate (LFP) cathode materials. It is a company focused on developing next-generation cathode material technologies that simultaneously achieve high energy density and stability, thereby strengthening its global market position. It is a company that provides sustainable energy solutions through the supply of core materials for electric vehicles and energy storage systems (ESS).L&F is a global top-tier manufacturer of cathode active materials for lithium-ion secondary batteries, a company that has accumulated unique technological capabilities in secondary battery materials since its establishment in 2000. It is a company that proactively responds to market changes with a two-track strategy encompassing high-nickel NCM and NCMA cathode materials, as well as Lithium Iron Phosphate (LFP) cathode materials. It is a company focused on developing next-generation cathode material technologies that simultaneously achieve high energy density and stability, thereby strengthening its global market position. It is a company that provides sustainable energy solutions through the supply of core materials for electric vehicles and energy storage systems (ESS).
- Key Products/Technologies
- High-nickel NCM and NCMA cathode active materials are L&F's core product line, with the ultra-high-nickel NCMA cathode material, boasting over 95% nickel content, representing the culmination of its technology, being the world's first to be mass-produced. This product is characterized by its ability to achieve high energy density while simultaneously improving battery life and safety. The company possesses optimized technology for 46-series (46mm diameter) cylindrical batteries, offering products that cater to the next-generation battery market. Its unique technology, which combines polycrystalline and single-crystal cathode active materials, resolves structural instability, degradation, and gas generation issues in high-nickel materials.High-nickel NCM and NCMA cathode active materials are L&F's core product line, with the ultra-high-nickel NCMA cathode material, boasting over 95% nickel content, representing the culmination of its technology, being the world's first to be mass-produced. This product is characterized by its ability to achieve high energy density while simultaneously improving battery life and safety. The company possesses optimized technology for 46-series (46mm diameter) cylindrical batteries, offering products that cater to the next-generation battery market. Its unique technology, which combines polycrystalline and single-crystal cathode active materials, resolves structural instability, degradation, and gas generation issues in high-nickel materials.
- Lithium Iron Phosphate (LFP) cathode active materials represent a new growth engine for L&F, with a focus on establishing a non-Chinese supply chain and securing cost competitiveness. The company has developed a precursor-free LFP manufacturing method, which directly synthesizes cathode materials by mixing iron oxide, phosphate raw materials, and lithium sources in one step, reducing costs by up to 20%. Through its proprietary FP (iron phosphate) technology, it secures production efficiency and price competitiveness, achieving a compaction density comparable to third-generation Chinese products. LFP cathode materials primarily address the demand in the energy storage system (ESS) and entry-level electric vehicle markets.Lithium Iron Phosphate (LFP) cathode active materials represent a new growth engine for L&F, with a focus on establishing a non-Chinese supply chain and securing cost competitiveness. The company has developed a precursor-free LFP manufacturing method, which directly synthesizes cathode materials by mixing iron oxide, phosphate raw materials, and lithium sources in one step, reducing costs by up to 20%. Through its proprietary FP (iron phosphate) technology, it secures production efficiency and price competitiveness, achieving a compaction density comparable to third-generation Chinese products. LFP cathode materials primarily address the demand in the energy storage system (ESS) and entry-level electric vehicle markets.
- Mid-nickel NCM cathode materials have been consistently produced and supplied since 2007, offering a suitable solution for the mid-to-low-end electric vehicle market. Mid-nickel cathode materials incorporating single-crystal technology provide differentiated competitiveness by enhancing lifespan and stability compared to conventional polycrystalline materials. Based on proprietary material design and process technology, the company designs various concepts of materials and stably produces high-purity, high-precision compounds through synthesis and powder processing technologies. The company possesses comprehensive cathode material technology know-how, having accumulated LCO (Lithium Cobalt Oxide) mass production experience since 2006.Mid-nickel NCM cathode materials have been consistently produced and supplied since 2007, offering a suitable solution for the mid-to-low-end electric vehicle market. Mid-nickel cathode materials incorporating single-crystal technology provide differentiated competitiveness by enhancing lifespan and stability compared to conventional polycrystalline materials. Based on proprietary material design and process technology, the company designs various concepts of materials and stably produces high-purity, high-precision compounds through synthesis and powder processing technologies. The company possesses comprehensive cathode material technology know-how, having accumulated LCO (Lithium Cobalt Oxide) mass production experience since 2006.
- Core Advantages
- L&F's success in the world's first mass production of ultra-high-nickel NCMA cathode active materials with 95% nickel content demonstrates its unparalleled technological leadership. This technology is an innovation that contributes to the expansion of the electric vehicle battery market and the establishment of a carbon-neutral foundation by enhancing the mass production stability of high-performance batteries. It offers a technological advantage by simultaneously improving battery life and safety alongside high energy density. The ability to supply cathode materials optimized for 46-series cylindrical batteries positions the company as a leader in the next-generation battery market.L&F's success in the world's first mass production of ultra-high-nickel NCMA cathode active materials with 95% nickel content demonstrates its unparalleled technological leadership. This technology is an innovation that contributes to the expansion of the electric vehicle battery market and the establishment of a carbon-neutral foundation by enhancing the mass production stability of high-performance batteries. It offers a technological advantage by simultaneously improving battery life and safety alongside high energy density. The ability to supply cathode materials optimized for 46-series cylindrical batteries positions the company as a leader in the next-generation battery market.
- L&F's 'two-track strategy,' encompassing both high-nickel NCM/NCMA and LFP cathode materials, represents its strong market responsiveness. This flexible product portfolio meets both the high-performance demands of the premium EV market and the economic and stability requirements of the entry-level EV and ESS markets. It is a strategy that proactively responds to market changes, simultaneously securing product competitiveness and business stability. The company is establishing a new growth axis for the K-battery industry by being the first in Korea to commercialize LFP cathode material business.L&F's 'two-track strategy,' encompassing both high-nickel NCM/NCMA and LFP cathode materials, represents its strong market responsiveness. This flexible product portfolio meets both the high-performance demands of the premium EV market and the economic and stability requirements of the entry-level EV and ESS markets. It is a strategy that proactively responds to market changes, simultaneously securing product competitiveness and business stability. The company is establishing a new growth axis for the K-battery industry by being the first in Korea to commercialize LFP cathode material business.
- The establishment of a non-Chinese LFP cathode material supply chain is a significant differentiating factor for L&F. Its capability to produce FEOC-free LFP cathode materials makes it an attractive supplier for customers, addressing geopolitical risks. Through its proprietary precursor-free LFP manufacturing method and in-house FP technology, the company secures cost competitiveness, offering superior quality and price competitiveness compared to Chinese products. It is strategically positioned to proactively respond to the increasing demand for non-Chinese LFP cathode materials driven by the rapid growth of the North American ESS market.The establishment of a non-Chinese LFP cathode material supply chain is a significant differentiating factor for L&F. Its capability to produce FEOC-free LFP cathode materials makes it an attractive supplier for customers, addressing geopolitical risks. Through its proprietary precursor-free LFP manufacturing method and in-house FP technology, the company secures cost competitiveness, offering superior quality and price competitiveness compared to Chinese products. It is strategically positioned to proactively respond to the increasing demand for non-Chinese LFP cathode materials driven by the rapid growth of the North American ESS market.
- Continuous R&D investment and technological innovation capabilities are core competitive advantages for L&F. It possesses proprietary know-how in cathode active material design and process technology, enabling the stable production of high-purity, high-precision compounds. The acquisition of CAMX Power's GEMX platform patent license enhances its high-nickel cathode material technology, allowing for reduced cobalt usage and improved safety and performance. Its research capabilities are further strengthened through collaborations with external institutions like the Korea Research Institute of Chemical Technology, accelerating the development of next-generation cathode material technologies.Continuous R&D investment and technological innovation capabilities are core competitive advantages for L&F. It possesses proprietary know-how in cathode active material design and process technology, enabling the stable production of high-purity, high-precision compounds. The acquisition of CAMX Power's GEMX platform patent license enhances its high-nickel cathode material technology, allowing for reduced cobalt usage and improved safety and performance. Its research capabilities are further strengthened through collaborations with external institutions like the Korea Research Institute of Chemical Technology, accelerating the development of next-generation cathode material technologies.
- Production capacity expansion and plans for global production base establishment are key growth drivers for L&F. The company is constructing an LFP cathode material production plant in Daegu with an annual capacity of 30,000 tons, with plans to secure an additional 30,000 tons through a second phase expansion. It is considering building a production base in North America to prepare for geopolitical risks and strengthen its global supply chain. The completion of the Saemangeum precursor plant through a joint venture with LS strengthens the K-battery value chain.Production capacity expansion and plans for global production base establishment are key growth drivers for L&F. The company is constructing an LFP cathode material production plant in Daegu with an annual capacity of 30,000 tons, with plans to secure an additional 30,000 tons through a second phase expansion. It is considering building a production base in North America to prepare for geopolitical risks and strengthen its global supply chain. The completion of the Saemangeum precursor plant through a joint venture with LS strengthens the K-battery value chain.
- L&F's commitment to safety management and a systematic safety and health management system forms the foundation for its sustainable management. The company integrates safety and health items into all employee KPIs and systemizes on-site safety management through competency training and evaluation for supervisors. It is a company that sets an example in safety by achieving 'triple zero' in industrial accidents, similar accidents, and serious accidents. It implements digital safety management systems, including an AI-based safety and health chatbot 'Lucid' and an AI smart system for forklifts.L&F's commitment to safety management and a systematic safety and health management system forms the foundation for its sustainable management. The company integrates safety and health items into all employee KPIs and systemizes on-site safety management through competency training and evaluation for supervisors. It is a company that sets an example in safety by achieving 'triple zero' in industrial accidents, similar accidents, and serious accidents. It implements digital safety management systems, including an AI-based safety and health chatbot 'Lucid' and an AI smart system for forklifts.
- Target Industries
- The Electric Vehicle (EV) industry is a primary application area for L&F's cathode active materials, with products applied to a wide range of models from premium to entry-level EVs. The company supplies ultra-high-nickel cathode materials for high-performance EV batteries that demand high energy density. For the mid-to-low-end EV market, where price competitiveness is crucial, it provides LFP and mid-nickel cathode materials to meet market demands. It is a key material supplier contributing to the enhancement of battery performance and price competitiveness for global finished vehicle manufacturers.The Electric Vehicle (EV) industry is a primary application area for L&F's cathode active materials, with products applied to a wide range of models from premium to entry-level EVs. The company supplies ultra-high-nickel cathode materials for high-performance EV batteries that demand high energy density. For the mid-to-low-end EV market, where price competitiveness is crucial, it provides LFP and mid-nickel cathode materials to meet market demands. It is a key material supplier contributing to the enhancement of battery performance and price competitiveness for global finished vehicle manufacturers.
- The Energy Storage System (ESS) industry is a core growth market for L&F's LFP cathode materials. The company's strategy involves expanding LFP cathode material supply in line with the rapid growth of the North American ESS market. It offers solutions that respond to the increasing demand from the ESS market, which is gaining attention as a power source for AI data centers, and the expansion of renewable energy. Through LFP cathode materials, which boast long lifespan and stability, the company contributes to grid stabilization and efficiency improvement.The Energy Storage System (ESS) industry is a core growth market for L&F's LFP cathode materials. The company's strategy involves expanding LFP cathode material supply in line with the rapid growth of the North American ESS market. It offers solutions that respond to the increasing demand from the ESS market, which is gaining attention as a power source for AI data centers, and the expansion of renewable energy. Through LFP cathode materials, which boast long lifespan and stability, the company contributes to grid stabilization and efficiency improvement.
- IT devices and home appliances represent another industry where L&F's secondary battery cathode active materials are applied. The company supplies cathode active materials for various small batteries used in portable IT devices and power tools. It contributes to the advancement of various electronic devices in modern society through high-value-added, eco-friendly energy materials. Future growth drivers include the anticipated demand for ultra-high-nickel cathode materials in next-generation fields such as humanoid robots.IT devices and home appliances represent another industry where L&F's secondary battery cathode active materials are applied. The company supplies cathode active materials for various small batteries used in portable IT devices and power tools. It contributes to the advancement of various electronic devices in modern society through high-value-added, eco-friendly energy materials. Future growth drivers include the anticipated demand for ultra-high-nickel cathode materials in next-generation fields such as humanoid robots.
- Major Markets
- South Korea, China, JapanSouth Korea, China, Japan
- European Union (EU) countriesEuropean Union (EU) countries
- United StatesUnited States
- Certifications/Patents
- L&F has obtained numerous international standard management system certifications, including ISO/TS 16949 (IATF16949), ISO 14001, ISO 27001, ISO 27701, ISO 37001, ISO 37301, and ISO 45001, demonstrating a high level of management system in quality, environment, information security, anti-bribery, compliance, and occupational health and safety. The company secures export competitiveness through its certified exporter status for specific origin. It holds KOSDAQ registration, Hidden Champion certification, World-Class Product certification, and Material/Component Specialist Company confirmation, externally recognizing its technological capabilities and growth potential.L&F has obtained numerous international standard management system certifications, including ISO/TS 16949 (IATF16949), ISO 14001, ISO 27001, ISO 27701, ISO 37001, ISO 37301, and ISO 45001, demonstrating a high level of management system in quality, environment, information security, anti-bribery, compliance, and occupational health and safety. The company secures export competitiveness through its certified exporter status for specific origin. It holds KOSDAQ registration, Hidden Champion certification, World-Class Product certification, and Material/Component Specialist Company confirmation, externally recognizing its technological capabilities and growth potential.
- The company holds patents related to metal oxide coating and doping for lithium-ion secondary battery cathode active materials, ensuring excellent charge/discharge efficiency and long-life characteristics in high-voltage batteries. It possesses patents concerning cathode active material manufacturing methods, securing superior charge/discharge efficiency and long-life characteristics. The acquisition of patents for composite oxides usable as cathode active materials for lithium-ion secondary batteries and their manufacturing methods enhances the high-rate and lifespan characteristics of batteries. These patents represent core technologies utilized in the manufacturing and sales of cathode active materials for medium and large-sized batteries.The company holds patents related to metal oxide coating and doping for lithium-ion secondary battery cathode active materials, ensuring excellent charge/discharge efficiency and long-life characteristics in high-voltage batteries. It possesses patents concerning cathode active material manufacturing methods, securing superior charge/discharge efficiency and long-life characteristics. The acquisition of patents for composite oxides usable as cathode active materials for lithium-ion secondary batteries and their manufacturing methods enhances the high-rate and lifespan characteristics of batteries. These patents represent core technologies utilized in the manufacturing and sales of cathode active materials for medium and large-sized batteries.
- L&F has obtained a patent license from CAMX Power, a US battery material development company, for the GEMX platform related to nickel-based high-energy cathode materials used in electric vehicle lithium-ion batteries. This license enables technology that reduces cobalt usage while providing higher safety and performance for all grades of high-nickel materials through molecular engineering. As the first Korean cathode material company to acquire the GEMX platform license, it strengthens its global technological competitiveness. This technology is patented worldwide, including in the US, EU, Korea, and Japan.L&F has obtained a patent license from CAMX Power, a US battery material development company, for the GEMX platform related to nickel-based high-energy cathode materials used in electric vehicle lithium-ion batteries. This license enables technology that reduces cobalt usage while providing higher safety and performance for all grades of high-nickel materials through molecular engineering. As the first Korean cathode material company to acquire the GEMX platform license, it strengthens its global technological competitiveness. This technology is patented worldwide, including in the US, EU, Korea, and Japan.
- The company received the Prime Minister's Award at the 2025 Korea Technology Awards, recognizing its ultra-high-nickel NCM(A) cathode active material technology with over 95% nickel content. It demonstrated technological excellence by winning the materials and components sector award for its high-nickel composite cathode active material at the 2025 InterBattery Awards. The company was honored with the Grand Prize (Minister of Employment and Labor Award) in the manufacturing sector at the 33rd Safety Management Awards, acknowledging its exemplary operation of safety and health management systems. These awards serve as external recognition of L&F's innovative technology and responsible management.The company received the Prime Minister's Award at the 2025 Korea Technology Awards, recognizing its ultra-high-nickel NCM(A) cathode active material technology with over 95% nickel content. It demonstrated technological excellence by winning the materials and components sector award for its high-nickel composite cathode active material at the 2025 InterBattery Awards. The company was honored with the Grand Prize (Minister of Employment and Labor Award) in the manufacturing sector at the 33rd Safety Management Awards, acknowledging its exemplary operation of safety and health management systems. These awards serve as external recognition of L&F's innovative technology and responsible management.
Introduction
Location
11 Igokdong-ro, Dalseo District, Daegu, South Korea
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