On the 11th, L&F announced through a public notice that it had signed a mid- to long-term supply contract for high-nickel cathode materials worth 3.5184 trillion won with a global OEM. This contract is a large-scale order made amidst the global demand slowdown, and it indicates that L&F’s technology and market competitiveness have been recognized internationally. Details such as the contract counterparty, supply region, and contract period were kept confidential at the customer’s request, and the company did not disclose specific details in accordance with the contract confidentiality clause. However, it explained that this contract is a strategic supply contract with a global OEM.
The product subject to the contract is an ultra-high nickel product with a nickel content of 95%, which was recently recognized for its innovation at the 'Interbattery 2025' exhibition, and is a next-generation battery material with a single crystal structure and L&F's unique blending technology. The industry is analyzing that this product is likely to be supplied as a 46-pi product that has recently been receiving great attention in the market. Through this, L&F has once again proven its technological prowess in the high-nickel product line, and is also receiving positive evaluations in terms of customer diversification. As a result, sales stability is expected to increase significantly in the future.
At the Interbattery exhibition, L&F introduced a new product that “applied the world’s first 95% nickel content single crystal technology,” and said, “This is a next-generation product with significantly extended product life and stability compared to existing polycrystalline structures.” This contract further highlights the industry’s high interest in products that use this technology.
Meanwhile, LNF is promoting various order activities and new businesses this year with the key message of 'Breakthrough'. This contract is one of the new orders that has been prepared for a long time, and the company is also spurring additional orders and expansion of the LFP new business.
LNF Vice President Ryu Seung-heon said, “It is meaningful to have received such a large-scale order during the difficult times of the slowdown in demand for electric vehicles that began last year,” and added, “Based on this contract, we will continue to create growth momentum through expansion into new businesses such as LFP cathode materials and additional order activities.”
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