Hyundai Motor Company and Kia Corporation are intensifying their efforts to boost the competitiveness of electric vehicle (EV) batteries by developing advanced lithium iron phosphate (LFP) battery cathode materials.
Announced on September 25, the project is a collaboration with Hyundai Steel and EcoPro BM, a leader in cathode material production. Supported by South Korea’s Ministry of Trade, Industry and Energy, the four-year initiative is part of the broader ‘LFP Battery Technology Development’ program.
The collaboration seeks to enhance the production process by synthesizing LFP battery cathode materials directly, bypassing the traditional precursor stage. This innovation, which integrates phosphate, iron powder, and lithium simultaneously, aims to reduce hazardous emissions and lower production costs while improving sustainability.
The process is expected to improve EV battery performance, particularly in fast charging and low-temperature conditions.
Hyundai Steel will contribute by developing high-purity fine iron powder using recycled domestic iron, which EcoPro BM will utilize in creating the advanced LFP cathode material.
This marks a significant step in connecting the steel, battery, and automotive industries, reinforcing Hyundai Motor Group’s commitment to EV innovation and reducing reliance on imported materials.
The initiative aligns with Hyundai and Kia’s broader goals to enhance EV battery performance, safety, and cost-effectiveness, as part of their long-term strategies for the EV market.
Source: Hyundai Motor and Kia Partner with Hyundai Steel and EcoPro BM to Advance EV Battery Technology
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