Lithium Plus to Start Production of Key Secondary Battery Materials in Q1 Next Year...Improving Electric Vehicle Battery Capacity and Output

[Asia Economy Reporter Hyungsoo Park] Lithium specialist company Lithium Plus announced on the 23rd that it has completed the equipment order for high-purity lithium hydroxide production, aiming for mass production in the first quarter of next year. Once mass production begins, domestic production of lithium hydroxide, which has been dependent on overseas imports, is expected to become possible.

Based on lithium hydroxide production technology secured through its own technology, the company has finalized optimized plant specifications, piping, and equipment layout plans. It was explained that the selection of manufacturers for key production equipment such as evaporators, crystallizers, and centrifuges has been completed and orders have been placed.

A Lithium Plus official said, "It is true that there are concerns about the entry of an unlisted domestic company into lithium hydroxide production," adding, "Preparations for mass production are progressing smoothly, and we expect to dispel concerns and prove our technological capabilities through initial production in the first quarter of next year."

Lithium Plus is currently establishing a factory in Geumsan-gun, Chungcheongnam-do, and is building facilities for the production of lithium hydroxide, a key material for secondary batteries. Lithium hydroxide is used as a core material for secondary batteries due to its excellent chemical reactivity. In particular, as technological competition intensifies for secondary batteries used in electric vehicles, demand for lithium hydroxide, which excels in increasing battery capacity and output, is rapidly increasing.

China's dependence on lithium hydroxide reaches 85%. While its importance is increasing, most of it is imported, making it a representative raw material requiring supply chain management.

A company official explained, "With the growth of the secondary battery market, demand for lithium hydroxide inevitably increases significantly every year," and added, "We will strive to contribute to stabilizing the supply chain of this key raw material, whose national importance is growing, by securing a domestic production base through our own technology."

In September, Lithium Plus raised 20 billion KRW from KOSDAQ-listed company Husentec to establish a lithium hydroxide production plant.

This content was produced with the assistance of AI translation services.