L&F announced on the 18th that it has completed the construction of the L&F Plus plant within the Daegu National Industrial Complex. The company plans to begin mass production with an annual capacity of 30,000 tons by the end of the third quarter of this year and gradually establish a total production system of 60,000 tons by the first half of 2027. A total of 338.2 billion won is scheduled to be invested in the plant.

LFP batteries have rapidly expanded, primarily in the Chinese electric vehicle market and ESS sectors, based on their price competitiveness and stability. Recently, as the demand for supply chain diversification grows in North America and Europe, there is a strengthening trend toward sourcing materials from non-Chinese sources. The domestic battery industry is also expanding its entry into the LFP business to respond to the growth of the mid-to-low-priced electric vehicle and energy storage system markets.

L&F plans to begin mass production of high-density 3rd generation LFP products on this production line. The company is focusing on improving the driving range and power output issues, which were pointed out as limitations of existing LFPs, through products with higher energy density compared to standard LFPs. It explains that this is closer to a strategy for the high-value market rather than simply focusing on low-cost products.

The scope of application is also expanding. The company announced that it is currently in supply discussions with clients, focusing on ESS for power grids, ESS for AI data centers, and the entry-level electric vehicle market. The increasing demand for long-duration and stability-oriented ESS, driven by the recent expansion of global data centers and AI infrastructure, is also cited as a factor behind the expansion of the LFP market.

The company is also pursuing the internalization of its raw material supply chain. L&F announced that it is developing an iron oxide-based precursor-free process while securing FP (iron phosphate) precursor technology, which currently has a high dependence on China. This is interpreted as a strategy to simultaneously secure material costs and supply stability.

L&F plans to establish a so-called 'two-track' structure that runs its existing high-nickel-centered business alongside its LFP business. The company recorded sales of 739.6 billion won and an operating profit of 117.3 billion won in the first quarter of this year, continuing its streak of profitability for three consecutive quarters.