Developing a homegrown lithium iron phosphate (LFP) pack could keep the automakers competitive and reduce dependence on Chinese materials.

The initiative could establish a stable domestic supply chain for LFP battery materials, enhancing supply chain security in South Korea. The companies expressed hope that this project will improve both national technological competitiveness and that of Hyundai Motor Group.

Hyundai Motor and Kia partner with Hyundai Steel and EcoPro BM to develop lithium iron phosphate battery technology, enhancing EV performance and reducing costs.

Hyundai Motor and Kia have initiated a joint project with Hyundai Steel and Ecopro BM to develop cathode material technology for LFP batteries, aiming to reduce reliance on imports. Supported by the Ministry of Trade,

Hyundai Motor Group said that it is partnering with battery materials company EcoPro BM on Thursday to develop its own lithium iron phosphate, or LFP, batteries for electric vehicles. Executives from Hyundai Motor Group,

Hyundai Motor Company and Kia Corporation to launch a project to develop lithium iron phosphate (LFP) battery cathode material manufacturing technology in Korea Together with Hyundai Steel

Hyundai and Kia are to launch a project to develop lithium iron phosphate (LFP) battery cathode material manufacturing technology in Korea; along with Hyundai Steel and EcoPro Bm, the four-year project aims to synthesize materials directly, reducing emissions during manufacturing and lowering production costs

Hyundai and Kia have partnered with Hyundai Steel and EcoPro BM to develop lithium iron phosphate batteries without precursors, a massive cost-reduction method.

Hyundai Motor Co. and Kia Corp., South Korea's leading automotive companies, said Thursday they have launched a joint project to develop cathode material technology for producing LFP (lithium iron phosphate) batteries for electric vehicles.