L&F CEO Heojehong: "Dual-Track NCM and LFP... Aiming for Record Shipments in 2026"

Heojehong Hur, CEO of L&F, is speaking at the 26th Annual General Meeting of Shareholders held at the Daegu headquarters on the 25th. L&F

L&F, a company specializing in secondary battery materials, announced that it held its 26th annual general meeting of shareholders at its Daegu headquarters on the 25th and approved all eight agenda items as originally proposed, including ▲ approval of financial statements ▲ transfer of capital reserve to retained earnings ▲ partial amendments to the articles of incorporation ▲ appointment of directors ▲ approval of director compensation limits.

L&F amended part of its articles of incorporation to expand its business areas, secure flexibility in capital management, and enhance the independence and operational efficiency of its board of directors.

Specifically, the amendments included ▲ expanding business purposes to include intellectual property management and licensing business ▲ adjusting the total number of shares to be issued and the bond issuance limit to respond to mid- and long-term capital investments such as lithium iron phosphate (LFP) production expansion ▲ revising board operation standards such as the proportion of independent directors ▲ reflecting changes in the Commercial Act. At the shareholders' meeting, L&F CFO Ryu Seunghun was newly appointed as an inside director.

L&F stated that this year, it aims to enter a full-fledged growth trajectory with a dual-track system focusing on nickel-cobalt-manganese (NCM) and LFP.

In the NCM sector, the company plans to expand shipments of the 46mm battery and target the North American market in earnest, leveraging its record sales of the ultra high-nickel NCMA95. For the LFP business, L&F will expand the scope of application beyond ESS to electric vehicles and AI data centers, while further strengthening its mid- to long-term growth base through additional production expansion based on confirmed demand.

Additionally, the company announced its intention to secure future growth engines by developing next-generation materials such as all-solid-state batteries and expanding into new applications including robotics, aerospace, and defense.

Heojehong, CEO of L&F, stated, "This year marks a turning point as we move beyond the chasm and enter a new phase of growth. Based on our two growth engines, NCM and LFP, we will achieve the highest shipment volume in our history by 2026 and realize enhanced shareholder value."

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