[Concall] Lotte Energy Materials "Up to 1 Trillion Investment if Anode Materials and LFP Commercialized"

On the 7th, Lotte Energy Materials stated during the Q2 earnings conference call that "the investments made so far in silicon composite anode materials are related to R&D and pilot development stages," adding, "We have made an equity investment of about 8 billion KRW in Nwires, and through Nwires, we are jointly developing technology. If commercialization proceeds, we can also discuss joint mass production investments focused on demand companies in Korea or the United States."

They continued, "Regarding solid electrolyte investments, we mentioned a pilot investment of about 14 billion KRW," and said, "Currently, we plan to convert LMO equipment in three factories to LFP, investing about 5 billion KRW to switch the facilities and similarly make pilot-scale investments."

Lotte Energy Materials stated, "LFP has high business potential and is promising," and added, "Although we cannot disclose specific figures, if we aim for total sales of around 1 trillion KRW, approximately 500 billion KRW in investment may be required."

They further explained, "Including these aspects, current R&D investments amount to about 30 billion KRW, and if silicon composite anode materials or LFP are commercialized, capital expenditures (CAPEX) of about 500 billion to 1 trillion KRW could occur. We plan to conduct a thorough business feasibility review on these matters and decide on future investment scale and direction."

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