EcoPro is achieving tangible results as it expands its domestic and international secondary battery material business into the upstream sector. Notably, the company has successfully diversified its profit structure by becoming the largest shareholder in the Green Eco Nickel smelter located in Indonesia.
Through this strategic move, EcoPro has secured a stable foundation for the supply of Mixed Hydroxide Precipitate (MHP), a critical raw material for nickel cobalt manganese cathodes. Furthermore, the company is pushing forward with the establishment of an integrated corporate entity in Indonesia to streamline the entire production process, from smelting to precursor and cathode manufacturing, all in one location. By completing this vertical integration, EcoPro plans to drastically reduce production costs and supply nickel cobalt manganese cathodes with world class price competitiveness.

With the rapid growth of the electric vehicle market, the demand for lithium, a key raw material for lithium-ion batteries, has also increased. However, this resource has been entirely dependent on imports from overseas. EcoPro Innovation has developed proprietary manufacturing and processing technologies for lithium compounds, which are essential materials for lithium-ion batteries. Through these advancements, the company has secured a stable position in the battery value chain and now manufactures and supplies lithium nickel oxide to secondary battery material producers. In addition, EcoPro Innovation has completed process technology that enables the production of battery-grade lithium hydroxide from low-purity lithium carbonate. Moving forward, the company plans to focus on securing lithium resources, a critical material for the Fourth Industrial Revolution, as well as advancing lithium recycling technologies.

EcoPro Group extracts and recovers valuable metals such as lithium, nickel, and cobalt, which are key raw materials for lithium-ion battery cathode materials, from used batteries and battery scrap through its affiliate EcoPro CnG. These recovered metals are then used to produce lithium compounds and precursor materials, including complex salts of nickel, cobalt, and manganese. The recovered metals are supplied to EcoPro Group companies through a closed-loop system established at the Pohang Yeongilman Industrial Complex, where they are ultimately processed into cathode materials. Through partnerships with OEMs and battery manufacturers, EcoPro also contributes to improving the cost competitiveness of secondary battery materials.