L&F Co. Signs MOU with CNGR Advanced Material Co.
South Korea’s leading cathode supplier, L&F Co., has officially entered into a Memorandum of Understanding (MOU) with Chinese precursor company CNGR Advanced Material Co. This strategic partnership aims to address the US Inflation Reduction Act (IRA) by collaborating on the development of a comprehensive supply chain and production system for lithium iron phosphate (LFP).
Establishing a Complete Supply Chain
Both companies have been actively working together to secure a large-scale supply chain within a Moroccan free trade zone, aligning with the requirements of the IRA. This MOU signifies a significant milestone in their ongoing collaboration to meet market demands and regulatory standards.
Pioneering the LFP Market
L&F Co. has demonstrated its commitment to the LFP market by partnering with ONE, a prominent LFP battery specialist in the US, for the supply of LFP materials. In addition to this partnership, L&F Co. also provides nickel, cobalt, and manganese (NCM) precursors to ensure compliance with the IRA regulations.
Contact Hyung-Kyu Kim for More Information
If you have any inquiries or would like to learn more about this collaboration, feel free to reach out to Hyung-Kyu Kim at khk@hankyung.com.
Read More of this Story at www.kedglobal.com – 2024-05-28 07:39:09
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