Samsung SDI, L&F agree $1.2B LFP cathode deal
Samsung SDI and L&F signed a $1.2 billion deal to mass‑produce LFP cathodes for the U.S. ESS and EV markets—an industrial move aimed at scaling lower‑cost, stable chemistries for energy storage (koreatimes.co.kr).
Confirmed volumes under the agreement are scheduled for 2027–2029, with an option to extend supply for an additional three years. (en.sedaily.com)) Samsung SDI described the arrangement as a mid‑ to long‑term supply pact that will deliver cathode materials over a three‑year span beginning next year, with an extension clause included. (news.samsungsdi.com)) L&F is constructing production lines in two phases with a planned combined annual cathode capacity of about 60,000 metric tons. (chosun.com)) A regulatory filing shows the contract value represents roughly 84% of L&F’s most recently reported annual revenue, and the documented contract period runs from March 30 through Dec. 31, 2029. (news.metal.com)) Samsung SDI intends to allocate the supplied cathodes to its StarPlus Energy joint venture with Stellantis in Indiana, where the facility has been converting some EV battery lines to produce ESS batteries and is slated to start LFP production later this year. (businesskorea.co.kr)) L&F says its initial LFP cathode plant should be completed by April with mass production possible as early as Q3, a timeline that supported media coverage framing the deal as the first large‑scale LFP cathode supply contract secured by a non‑Chinese firm. (finance.biggo.com))
