Hyundai Motor Company and Kia Corporation are intensifying their efforts to strengthen future electric vehicle (EV) battery competitiveness.
Both companies launched a project to develop lithium iron phosphate (LFP) battery cathode materials. Partnering with Hyundai Steel and EcoPro BM, a leader in the cathode material industry, this initiative aims to directly synthesize LFP battery cathode materials without creating a precursor. Supported by the Korean Ministry of Trade, Industry, and Energy, the four-year project is part of the ‘LFP Battery Technology Development’ initiative.
Traditionally, LFP battery cathode materials are produced by adding lithium to precursor materials like phosphate and iron sulfate. The new direct synthesis method combines phosphate, iron powder, and lithium without the precursor step, cutting hazardous emissions and lowering production costs.
This environmentally friendly and cost-efficient process requires high-purity, uniform raw materials to improve production efficiency. Hyundai Motor and Kia, in collaboration with Hyundai Steel, will develop advanced technology to process high-purity fine iron powder from recycled domestic iron. EcoPro BM will then use this technology to produce directly synthesized LFP battery cathode materials.
The goal is to create LFP cathode materials that support fast charging technology and deliver high-performance charging and discharging at low temperatures.
This collaboration connects the steel, battery, and automotive sectors, positioning Hyundai Motor and Kia as leaders in advancing EV battery technology. Earlier this year, both automakers announced their commitment to improving EV battery performance, safety, and cost competitiveness as part of their long-term strategies. Soonjoon Jung,Vice President and Head of the Electrification and Driving Materials Development Group at Hyundai Motor and Ki,said, “To meet future demand in the EV market, rapid technological development and effective battery supply chain establishment are essential. Through this project, we aim to reduce import reliance and enhance the technological competitiveness of the country and Hyundai Motor Group by internalizing necessary technologies.”
