Two-dimensional (2D) van der Waals multiferroics constitute an innovative platform for exploring coupled electronic and magnetic phenomena at the atomic scale. Here, we investigate monolayer MnI2, an antiferromagnetic (AFM) material with intrinsic spin–valley coupling and geometrically frustrated lattice symmetry, to elucidate its magnetoelectric responses under the application of external electric fields (E-fields). Using advanced first-principles calculations, we demonstrate that MnI2 exhibits a semiconducting electronic structure with spin-polarized valleys governed by strong electron correlations and asymmetric d-p hybridization. A dynamic interplay between in-plane E-fields and the material’s triangular Mn sublattice governs a competition between ferromagnetic (FM) and antiferromagnetic (AFM) exchange interactions, resulting in oscillatory magnetoelectric coupling and anisotropic phase transitions. Directional selectivity emerges as a hallmark: in-plane fields induce valley selective metallicity and modulate magnetic anisotropy through ligand-mediated charge redistribution, whereas out-of-plane-oriented fields preserve interlayer magnetic coherence and valley degeneracy. This anisotropy is further amplified by spin–valley locking, where E-field-driven charge transfer creates a feedback loop between valley polarization and magnetic moment reorientation. The material’s ability to host electrically tunable AFM-FM transitions, coupled with its compatibility with van der Waals heterostructures, positions MnI2 as a promising candidate for quantum hybrid heterostructures. Our findings establish a framework for engineering 2D multiferroics with coupled spin, charge, and valley degrees of freedom, paving the way for low-power spintronic and valleytronic nanodevices.
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