L&F Invests 650 Billion KRW in New Factory
[Asia Economy Reporter Moon Hyewon] L&F announced on the 22nd that it has decided to invest in a new factory to respond to the demand for cathode active materials for secondary batteries used in electric vehicles.
Cathode active materials are substances composed of a combination of lithium and metal components, playing a role in determining the capacity and output of the battery.
The investment amount is 650 billion KRW, which is approximately 102.33% of the equity capital based on the consolidated financial statements at the end of the recent fiscal year.
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The investment period is until August 31, 2024.
This content was produced with the assistance of AI translation services.
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