Ulsan Center for Creative Economy and Innovation (CEO Heon-seong Kim, hereinafter referred to as the 'Ulsan Center') announced that investment company LITHIWAY (CEO Hyeong-mo Jeong) was finally selected for the 2025 Deep Tech TIPS Fast Track of the Ministry of SMEs and Startups.
Lithiway is a deep-tech startup developing an 'Energy Elixir' solution that dramatically improves the performance of cathode materials, a key battery material, by adding only a small amount of additives, without having to change the existing cathode material production process at all.
Lithiway's solution is evaluated as an innovative technology that allows not only cathode material manufacturers but also battery cell manufacturers to kill three birds with one stone: ▲increased battery life and capacity, ▲improved charge/discharge stability, and ▲secured cost competitiveness simply by adding additives, without changing the existing expensive mass production facilities. In particular, it can be applied not only to high-nickel (NCM) cathode materials but also to lithium iron phosphate (LFP) batteries.
“Litiway has identified the cause of the reduction in the lifespan of cathode materials and developed an additive that prevents deterioration,” said Lithiway CEO Jeong Hyeong-mo. “We will continue to develop our technology so that various materials and battery manufacturers can create more efficient and economical products.”
Asan Yustar Individual Investment Association’s representative fund manager, Lee Jae-ik, said, “The global battery market is demanding technology that can innovate both price and performance at the same time. We will focus all our support capabilities so that Litiway can grow into a key company that can simultaneously achieve low cost and improved performance through material innovation and elevate the competitiveness of the entire K-battery industry to the next level.”
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