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04

Korea’s Largest
Precursor Producer
ECOPRO

MATERIALS

In 2017, EcoPro Materials was founded to secure a stable supply chain of
precursors for EcoPro BM. It is the first company in Korea to mass produce
precursors for high-volume, high-nickel cathode materials, retaining the highest
production capabilities in the nation when it comes to precursors. Since 2021,
EcoPro Materials has been refining and manufacturing nickel and cobalt metals
which are ingredients for precursors, consolidating the identity of EcoPro that it is
the company specializing in secondary cell materials.
We are still relying on China to procure secondary cell materials and components,
but it is important to build a domestic supply chain as we are now facing de-
sinicisation. In this situation, EcoPro Materials plays a critical role in strengthening
competitiveness of the domestic secondary cell ecosystem. Currently, EcoPro
Materials is capable of producing 50,000 tons of precursors a year at Pohang
Campus and is planning to expand its production capacity to 200,000 tons a year by
2026 with ceaseless investment.

22 ECOPRO OVERVIEW