Annual 4GWh Cell And Module Production Line Signed And Launched In Fujian

DI Dongil disclosed on the 11th that it plans to invest KRW 110 billion to build production facilities for carbon-coated aluminum foil used in LFP (lithium iron phosphate) batteries at its Cheongju aluminum plant, which is scheduled for completion this year. The investment will be carried out in phases from February this year through 2030, covering land acquisition, construction, and equipment installation. The investment amount for this year is set at KRW 20 billion.

On the 11th, executives of LG Energy Solution and L&F agreed to establish a cooperation framework related to LFP cathode materials for energy storage systems (ESS), marking a joint move into the LFP market.

Dongwha Electrolyte said on the 10th that it is strengthening a strategic partnership with specialty fine chemicals firm PGT and comprehensive fine materials company Cheonbo to respond to the North American battery materials market and expand technical collaboration. Under the agreement, Dongwha Electrolyte will source domestically produced lithium hexafluorophosphate from PGT and mass-produce high-quality electrolytes at its Tennessee manufacturing facility in the U.S. The company plans to accelerate its localization strategy by supplying products that meet supply-chain regulatory requirements to local battery cell makers and automakers.