Ecopro BM Co., Ltd. (247540.KQ) manufactures high-purity cathode active materials and precursors for lithium-ion batteries, serving the electric vehicle and energy storage markets; its core products include nickel-based NCM (nickel-cobalt-manganese) precursors and cathode materials such as NCM 811, NCM 622, and NCM 523, along with cobalt sulfate and other battery-grade chemicals. The company operates production facilities in South Korea, with expansions into Indonesia and partnerships for global supply chains targeting major battery makers like LG Energy Solution and Samsung SDI. Founded in 2013 and headquartered in Jincheon, South Korea, Ecopro BM focuses on the battery materials segment of the clean energy industry, supplying high-nickel materials optimized for long-range EV batteries and grid storage applications.
In recent developments, Ecopro BM completed a major expansion of its cathode material plant in Indonesia in 2024, boosting annual capacity to over 40,000 tons to meet surging global demand; the company secured a strategic supply agreement with Posco Future M in early 2025 for joint precursor production, enhancing its upstream integration. It also announced a KRW 500 billion funding round in late 2024 backed by Korea Development Bank and private equity for next-gen high-nickel precursor R&D and U.S. market entry. Additionally, Ecopro BM launched its ECO-900 series of ultra-high nickel cathodes (Ni 90%) in mid-2025, targeting solid-state battery applications, while reorganizing its subsidiaries to streamline operations amid rising raw material costs.