L&F Recognized for Precursor Technology, Accelerates Domestic R&D Initiatives

Selected as a 'Materials, Parts, and Equipment Leading Company' in the Electrical and Electronics Sector by the Ministry of Trade, Industry and Energy
Awarded a 13.6 Billion KRW Project for Precursor Localization

Global secondary battery materials specialist L&F is accelerating the strengthening of its technological competitiveness by being recognized for its precursor technology, a core raw material for secondary batteries, and by winning government-led national projects.

Sooan Choi, CEO of L&F, received a certificate at the "2025 Materials, Parts, and Equipment Root Industry Merit Award Ceremony" held on the 29th of last month at KINTEX in Goyang, Gyeonggi Province. L&F

On November 7, L&F announced that it had been officially selected as a '2025 Materials, Parts, and Equipment Leading Company' in the electrical and electronics (secondary battery) sector, in recognition of its 'high- and mid-nickel polycrystalline and single-crystal cathode precursor manufacturing technology.' The company received its designation certificate at the '2025 Materials, Parts, Equipment, and Root Industry Merit Award Ceremony' held at KINTEX in Goyang, Gyeonggi Province, on October 29, further certifying its technological prowess in the core materials field for secondary batteries.

The 'Materials, Parts, and Equipment Leading Company' designation is a system established by the Ministry of Trade, Industry and Energy to discover and nurture companies with world-class technological capabilities and growth potential in key strategic technology fields as global leaders. Selected companies receive practical support, including government R&D funding, mass production testing with client companies, facility investment, and regulatory response assistance.

Additionally, L&F has been selected for the Ministry's 'Materials and Components Technology Development Project (Phase 2)' and has begun full-scale research and development. This project, which started in August and will run through December 2028, has a total budget of 13.6 billion KRW. The goal is to establish a domestic ecosystem for precursor production. As the lead organization of the consortium, L&F oversees the overall project operation and supports technological cooperation among participating institutions. The company will also directly conduct key research, including the development and demonstration evaluation of non-sulfate precursors.

Specifically, through this project, L&F aims to localize raw materials and precursors with nickel content of 65% or less. The company is also targeting the acquisition of eco-friendly precursor manufacturing process technology capable of achieving a discharge capacity of over 200 mAh/g at high voltages above 4.45V.

Park Sunhong, Head of L&F's Raw Material Development Research Institute, stated, "This designation as a Leading Company is a meaningful achievement, as it officially recognizes L&F's capabilities in both cathode material technology and the core precursor technology as a national strategic technology. L&F will overcome technical challenges through the pursuit of eco-friendly national projects and achieve complete technological independence in core materials in the era of global supply chain restructuring, thereby leading the domestic secondary battery industry to a significant competitive edge."

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