EcoPro is generating revenue by expanding its secondary battery material business, which it operates domestically and internationally, into the upstream sector. This includes investing in a nickel smelting plant in Sulawesi, Indonesia, which produces nickel, a key raw material for ternary cathode materials. Additionally, the company is pursuing the establishment of an integrated cathode material subsidiary in Indonesia, where all processes from smelting to precursor production and cathode material manufacturing will be conducted under one roof. This initiative aims to significantly reduce production costs and establish world-class price competitiveness for ternary cathode materials.

With the rapid growth of the electric vehicle market, the market for lithium, a key raw material for lithium-ion batteries, has expanded. However, this resource has been entirely dependent on imports from overseas. EcoPro Innovation has developed manufacturing and processing technologies for lithium compounds, a core material for lithium-ion batteries, and secured the battery value chain. As a result, the company manufactures and supplies lithium nickel oxide to secondary battery material companies. The company has completed the process technology to manufacture battery-grade lithium hydroxide from low-purity lithium carbonate and plans to focus on securing lithium resources, a core material for the 4th industrial revolution, and lithium recycling technology.

EcoPro Group extracts and recovers valuable metals such as lithium, nickel, and cobalt—key raw materials for lithium-ion battery cathode materials—from used batteries and battery scrap through its affiliate EcoPro CnG. These metals are then used to manufacture lithium compounds and precursor raw materials such as nickel/cobalt/manganese complex salts. The precious metals recovered through recycling are supplied to EcoPro Group companies via a closed-loop system established at the Pohang Yeongilman Industrial Complex, where they are ultimately produced into cathode materials. Additionally, through collaborations with OEM and battery companies, EcoPro contributes to enhancing the cost competitiveness of secondary battery materials.