SK On and L&F Sign LFP Supply Alliance Against China
SK On and L&F signed a three-year contract to supply LFP cathode materials for energy storage systems worth about 160 billion won ($115.8 million) from 2026 to 2028. SK On will convert 3 GWh of the 7 GWh capacity at its Sosan plant to ESS and start mass production in the first half of 2027.
- Contract worth 160 billion won ($115.8 million) covers 2026-2028
- SK On to convert 3 of 7 GWh at Sosan plant to ESS
- L&F plans to raise LFP cathode output to 60,000 tons by H1 2027
- Third-generation high-density materials to go to plants in Korea and Georgia
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