Hyundai Motor Company and Kia Corporation have launched a new initiative to develop advanced lithium iron phosphate (LFP) battery cathode materials. Collaborating with Hyundai Steel and cathode material leader EcoPro BM, the project seeks to eliminate the need for precursor materials in LFP battery production, streamlining the manufacturing process and reducing costs. The Korean Ministry of Trade, Industry and Energy is supporting this four-year venture under the “LFP Battery Technology Development” initiative.
The direct synthesis method combines phosphate, iron powder, and lithium simultaneously, avoiding the traditional precursor step, thus cutting hazardous emissions and lowering production expenses. Hyundai Steel will focus on developing high-purity iron powder from recycled sources, while EcoPro BM will use this to create efficient, fast-charging LFP cathode materials.
This collaboration strengthens ties between the steel, battery, and automotive industries, with Hyundai and Kia aiming to lead advancements in EV battery technology and reduce reliance on imported materials. The companies are also working to boost battery performance, safety, and cost competitiveness as part of their long-term EV strategy.
