The Korean firm LG Chem is working with China’s Huayou Group to set up a lithium iron phosphate (LFP) cathode materials plant in Morocco. The facility is expected to produce enough material for half a million electric car batteries once it starts up in 2026. LG Chem currently produces nickel-based battery materials.
South Korea's LG Chem Ltd has entered a partnership with China's Huayou Group's subsidiary Youshan, it said on Sunday, to build a joint electric vehicle (EV) battery material plant in Morocco to diversify its portfolio.
Wonjoon Suh, LGES’s head of advanced automotive battery division, revealed that Morocco is one of three locations under consideration for the production of lithium iron phosphate (LFP) cathodes. “We are in talks with Chinese companies that will develop and produce LFP cathodes with us for Europe,” Suh told Reuters.
The joint venture is said to currently be in negotiations with OCP, a leading Moroccan phosphate and fertilizer supply company, to source the highest quality phosphate salts for the production of LFP and ternary CAM precursors from the plant. Morocco is a major global producer of phosphate salts: Its reserves account for 71% of the world total.
LGES aims to offer low-cost LFP batteries at the future plant to supply the European market. Rabat - South Korea’s LG Energy Solution (LGES) is considering Morocco as a new site for a production plant for Electric Vehicles (EV) batteries to export to Europe.
Morocco has the world’s largest reserves of phosphate rock. Other firms are also investing in LFP. For example, First Phosphate is trying to open a phosphate mine in Canada and recently agreed to supply phosphoric acid for American Battery Factory’s planned LFP production facility in Arizona. Chemistry matters.
South Korea''s LG Chem has announced a new partnership with China''s Huayou Group to establish two plants in Morocco for the production of LFP cathodes and lithium conversion, …
The plant, set to start production in 2026, aims to produce 50,000 metric tonnes of lithium-phosphate-iron (LFP) cathode materials annually, enough to be installed in 500,000 …
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The Morocco plant, set to start production in 2026, aims to produce 50,000 tonnes of lithium-phosphate-iron (LFP) cathode materials annually, enough to be installed in 500,000 entry-class...
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Wonjoon Suh, LGES''s head of advanced automotive battery division, revealed that Morocco is one of three locations under consideration for the production of lithium iron …
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LG Chem and Huayou Group sign an MOU to build a 50,000-ton-per-year lithium-phosphate-iron (LFP) plant in Morocco with mass production targeted for 2026 The …
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South Korea''s LG Chem has announced a new partnership with China''s Huayou Group to establish two plants in Morocco for the production of LFP cathodes and lithium conversion, which are essential components in the manufacture of …
The two companies plan for the plant to begin operations in 2026, with an estimated production of 50,000 tonnes per year of lithium-phosphate-iron cathode materials that can power up to half a million electric …
LG Chem announced today that it will make inroads into the lithium-phosphate-iron (LFP) cathode materials business in partnership with China''s Huayou Group. In addition, …
The plant, set to start production in 2026, aims to produce 50,000 metric tonnes of lithium-phosphate-iron (LFP) cathode materials annually, enough to be installed in 500,000 entry-class EVs, the South Korean chemical …
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The company says it''s venturing into LFP production because the material''s low cost is creating greater demand from battery makers. Morocco has the world''s largest …
The Morocco plant, set to start production in 2026, aims to produce 50,000 tonnes of lithium-phosphate-iron (LFP) cathode materials annually, enough to be installed in …
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LG Chem and Huayou Group sign an MOU to build a 50,000-ton-per-year lithium-phosphate-iron (LFP) plant in Morocco with mass production targeted for 2026 The partners to also build a conversion plant to transform …
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