POSCO Future M and CNGR collaborate on the production of Lithium Ferro Phosphate (LFP) cathode materials for electric vehicle batteries.
The chemical and battery material industries are joining forces with a new joint venture named C&P Advanced Technology JV. This collaboration is between South Korea's Posco Future M, China's CNGR, and CNGR's Korean subsidiary FINO [1][2][3].
The joint venture's focus is on the production of cathode materials for lithium iron phosphate (LFP) batteries, a choice driven by LFP's advantages of lower cost and longer lifespan compared to ternary cathodes [1][3]. The factory for this venture is currently under construction in Pohang, North Gyeongsang Province, South Korea [2].
Series production at the Pohang factory is planned to begin in 2026 [2]. The collaboration extends from precursor material production (through an earlier joint venture called CNPS Technology) to expanding into LFP cathode materials for energy storage systems (ESS) and potentially entry-level electric vehicles [3].
However, as of August 2025, no detailed public disclosure has been made regarding the specific production capacity or exact timeline milestones beyond the 2026 start date for production [1][2].
Posco Future M is expanding its product portfolio from nickel-rich cathode materials to include LFP cathodes, aiming to diversify global customers in both the automotive and ESS sectors [1][3]. This strategic move responds to growing ESS demand globally, where LFP batteries accounted for about 80% of deployments as of 2023 according to the International Energy Agency [1][3].
The joint venture, C&P New Material Technology, was established in 2024, and in addition to the production focus, the companies also plan joint marketing activities [1][2]. This collaboration is a significant step towards advancing the production of LFP battery cathode materials and serving the growing ESS market.
Read also:
- Industrial robots in China are being installed at a faster rate than in both the United States and the European Union, as the global market for these robots faces a downturn.
- Hyundai N affirms transition to hybrid performance-centric models, initiating with Tucson N
- Stock markets in India anticipated a moderate opening, influenced by mixed signals from global markets.
- EV Charging Network Broadens Reach in Phoenix, Arizona (Greenlane Extends Electric Vehicle Charging Infrastructure in Phoenix)
%20cathode%20materials%20for%20electric%20vehicle%20batteries.){kind=link}