L&F Invests 650 Billion KRW to Build Next-Generation Electric Vehicle Secondary Battery Factory
[Asia Economy Reporter Ji Yeon-jin] L&F announced on the 22nd that it will invest 650 billion KRW to expand its Daegu Guji 3 Plant, which produces cathode active materials for electric vehicle secondary batteries.
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The company stated, "This investment is for the new expansion to respond to the increased orders of Hi-Ni NCMA products," and explained, "The main products to be produced at the new investment plant will be next-generation NCMA products with high 90% nickel content and single crystal products with high 90% nickel content, which are planned to be adopted in next-generation EV cells."
This content was produced with the assistance of AI translation services.
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