L&F (066970) Investor Day 2026 presentation summary

Strategic direction and market positioning

• Focus on expanding cathode material portfolio, including LFP, high-Ni NCM, and next-gen sodium-ion and all-solid-state batteries.

• Targeting leadership in global cathode markets for EV, ESS, robotics, and new applications.

• Leveraging non-China supply chain opportunities amid global policy shifts and demand for localized production.

• Emphasizing technology leadership and innovation to secure competitive advantage.

• Building a full battery industry portfolio to address diverse market needs.

LFP business growth and roadmap

• LFP cathode production capacity expanding to 60,000 tons by 2027, with further growth under review.

• North American ESS and EV markets identified as key growth drivers, with supply to multiple customers.

• Advancing LFP technology with high-density Gen.5 products and precursor-free processes for cost and supply stability.

• Strategic partnerships and diversified supply chains to ensure stable raw material sourcing.

• LFP sales expected to account for over 37% of total shipments by 2030.

High-Ni NCM and 46 series leadership

• Pioneered mass production of high-Ni NCM (up to 95% Ni) and 46-series cathodes.

• 46-series cathode shipments projected to grow 4.2x from 2025 to 2030, driven by EV and robotics demand.

• NCM shipments expected to grow at a 23% CAGR, with new applications and customer diversification.

• Maintaining technological edge in high-value, high-performance cathode materials.