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Dongwha Electrolyte has signed an agreement with PGT for equity investment and the sourcing of high-purity lithium hexafluorophosphate, aiming to strengthen its competitiveness in the North American market. PGT will supply this key ingredient through its recently built plant, utilizing an advanced process that reduces costs and waste.

This partnership is intended to mitigate supply chain uncertainty and reliance on foreign suppliers, particularly in light of U.S. government regulations regarding foreign entities. Dongwha's Tennessee plant, with an annual capacity of 86,000 tons, is positioned to benefit from the U.S. ban on Chinese battery materials, with analysts predicting increased exports for Dongwha Electrolyte as a result.