Sebang Lithium Battery to Cooperate With LG Energy Solution on KRW 1.8 Trillion North American ESS Supply

Korea Railroad Corporation, or KORAIL, announced on June 15 that it will restrict passengers from carrying items equipped with lithium batteries from July 1 to ensure passenger safety amid fire risks. Restricted items include all personal mobility devices powered by lithium batteries, such as electric scooters and electric bicycles, as well as portable large-capacity lithium batteries exceeding 160 Wh, including those used for broadcasting and camping.

Chengxin Lithium announced that the company held the first meeting of the ninth board of directors on June 12, 2026, reviewed and approved the "Proposal on Applying for the Designated Delivery Warehouse for Lithium Hydroxide at GFEX," agreed that the company apply to GFEX for the qualification of a designated delivery warehouse for lithium hydroxide, and authorized the management to submit application materials and handle other related matters. This application is beneficial for expanding the company's visibility and influence, and improving its risk resistance capability and profitability. This matter remains uncertain, with the final outcome subject to GFEX's approval.

Recently, the Jingmen Municipal Government Service and Big Data Administration released filing information that the annual 100,000 mt high-compaction density LFP project of Jingmen Jinquan New Materials Co., Ltd. has completed filing registration. The project has a total investment of 1 billion yuan, is planned to start construction in October 2026, and has a total building area of 60,000 m². It will be constructed in two phases, covering raw material storage and feeding workshops, grinding and spray-drying workshops, sintering workshops, crushing and packaging workshops, product warehouses, nitrogen production workshops, boiler rooms, and supporting environmental protection facilities. Upon completion, it will achieve an annual capacity of 100,000 mt of high-compaction density LFP. Targeting high-compaction density (≥2.6 g/cm³) LFP, the project aims to enhance battery cell energy density and fast charging performance, primarily serving EVE's own battery cell production lines and nearby leading clients. Leveraging Jingmen's national-level lithium battery industry cluster, it forms a closed loop of "phosphate ore → precursor → high-compaction density LFP → battery cell → recycling," with nearby support reducing logistics and raw material costs.