L&F announced on the 10th that it will begin mass production of lithium iron phosphate (LFP) cathode materials starting in 2026.
Choi Soo-an, CEO of L&F, noted during the New Year's ceremony held at the Daegu headquarters on the 2nd that "2025 will be a turning point in overcoming the last crisis and moving our company toward growth. We will complete our preparations this year to achieve significant growth starting in 2026."
L&F proposed three key strategies for achieving sustainable growth: ▲Maximizing efficiency through innovation ▲Strengthening market position ▲Investing in talent.
CEO Choi emphasized that the company will enhance productivity and profitability through digital transformation and internal process innovation, while strengthening its differentiated market position through diversification of its customer base. He also stressed the importance of quality stability and product technology that exceed customer demands, along with securing quality and the significance of operational management. Additionally, L&F plans to foster a corporate culture that grows alongside its employees and to enhance social value through talent-centric ESG management.
L&F is preparing for full-scale mass production starting in 2026 based on its past experience operating LFP cathode material pilot lines, and will showcase related technology at the 'InterBattery 2025' exhibition in COEX this March. The company has been selected as the leading company for the Ministry of Trade, Industry and Energy's national project on 'LFP Battery Technology Development,' laying the groundwork for securing a foothold in the next-generation battery materials market.
CEO Choi stated, "Despite the uncertain external environment, we have achieved meaningful results in the global market," and emphasized, "We will accelerate innovation starting from 2025 to overcome the crisis and create even more significant results in 2026."