Hyundai Motor Company and Kia Corporation are ramping up their efforts to enhance the competitiveness of future electric vehicle (EV) batteries through a new initiative focused on lithium iron phosphate (LFP) battery cathode materials. This project, in collaboration with Hyundai Steel and EcoPro BM—a leader in cathode materials—aims to directly synthesize LFP materials rather than using conventional precursors. The initiative, supported by the Korean Ministry of Trade, Industry, and Energy, spans four years as part of the ‘LFP Battery Technology Development’ program.
Mr. Soonjoon Jung, Vice President and Head of Electrification and Driving Materials Development at Hyundai and Kia, emphasized the importance of this project: “To meet future demand in the EV market, rapid technological development and an effective battery supply chain are essential. By internalizing necessary technologies, we aim to reduce import reliance and enhance the competitiveness of both our country and Hyundai Motor Group.”
Traditionally, LFP battery cathodes are produced by adding lithium to precursor materials like phosphate and iron sulfate. This new direct synthesis method simplifies the process by simultaneously combining phosphate, iron powder, and lithium, thereby eliminating the precursor production step. This innovation not only lowers hazardous emissions but also reduces production costs.
To maximize efficiency, the project will focus on ensuring impurity-free and uniformly sized raw materials. Hyundai Steel will develop high-purity fine iron powder processing technology using domestically recycled iron, while EcoPro BM will use this technology to create the directly synthesized LFP battery cathode material.
The goal is to develop LFP cathode materials capable of fast charging and high performance in low temperatures, marking a significant advancement in EV battery technology.
This collaboration is noteworthy as it integrates the steel, battery, and automotive sectors, positioning Hyundai and Kia at the forefront of EV innovation. Last year, both companies reaffirmed their commitment to improving battery capabilities, performance, safety, and cost-effectiveness as part of their long-term strategies.
Covered By: Mobility India / Hyundai
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