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L&F signs $9.7 bn cathode supply contract with SK On

The supply volume is about 300,000 tons, which is enough to equip 3 mn electric vehicles

By Mar 25, 2024 (Gmt+09:00)

1 Min read

L&F　headquarters　in　Daegu 
L&F　headquarters　in　Daegu 

South Korea's cathode supplier L&F Co. announced that it signed a contract with the rechargeable battery maker SK On for an electric vehicle (EV) high-nickel cathode material supply on Monday. 

The contract is valued at 13.2 trillion won ($9.7 billion) and will last until December 31, 2030, covering around 7 years.

The supply volume is about 300,000 tons, enough to equip 3 million EVs. 

Write to Sang Hoon Sung at uphoon@hankyung.com

#L&F #SK On #high-nickel cathode material #EV #supply contract
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