L&F said on May 18 it has completed the L&F Plus plant, a dedicated subsidiary for LFP cathode materials, and will start mass production by the end of the third quarter. The plant was completed about nine months after construction began in August last year. Built on a roughly 100,000 square metre site in Daegu, the project targets 60,000 tons capacity with investment of 338.2 billion won.

China\'s auto industry is moving to create a new standard for low-cost compact electric vehicles modeled on Japan\'s kei-car ecosystem, aiming to bring cheap small EVs into a regulated framework. Cui Dongshu proposed formal limits on size, motor output and minimum range, along with a simplified C7 licence for elderly and novice drivers. The plan follows a 2024 ban on many low-speed EVs amid safety concerns.