SungEel HiTech has been confirmed to be supplying recycled feedstock to LS L&F Battery Solution (LLBS), LS Group’s battery precursor (cathode precursor) subsidiary that opened last year. While LS is pushing to internalize key battery materials such as nickel sulfate, it has not yet reached full-scale mass production, and is therefore sourcing raw materials from SungEel HiTech.
At its Saemangeum plant, LLBS is using recycled materials supplied by SungEel HiTech—rather than by its parent company, LS MnM—for trial production of precursors. LLBS is a joint venture established by LS and L&F, with equity stakes of 55% and 45%, respectively.
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