Wednesday, December 31, 2025

L&F adjusts North American EV provide contract worth

L&F has revised the contract worth for a provide settlement with a North American EV firm signed in February 2023

L&F, a South Korean cathode supplies provider, has disclosed key administration issues associated to funding choices, together with a correction to the contract worth for a provide settlement with a North American electrical automobile (EV) firm initially signed in February 2023. The corporate stated the adjustment displays schedule adjustments amid shifts within the international EV market and battery provide atmosphere, however emphasised that shipments of its flagship NCMA95 high-nickel cathode supplies to main Korean cell producers stay steady.

The provider returned to profitability within the third quarter of 2025, recording record-high shipments of high-nickel cathode supplies after a two-year adjustment interval pushed by uncooked materials worth volatility. L&F expects comparatively robust fourth-quarter efficiency regardless of the seasonal slowdown, with continued cargo development anticipated by means of 2026.

In an announcement, the corporate stated: “Technical cooperation and enterprise discussions with main prospects are ongoing in numerous varieties. We are going to proceed to offer steady provide and strengthen technological competitiveness within the mid- to long-term by flexibly responding to adjustments in our prospects’ enterprise environments and market calls for.”

L&F’s product portfolio enlargement stays on monitor, together with single-crystal high-nickel merchandise for cylindrical batteries and lithium iron phosphate cathode supplies for lower-priced EVs and vitality storage programs.

Supply: L&F

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