Value Chain

Industry Value Chain

Startup And/Or Small Companies With >$30m Valuation*

Raw Materials

Materials Processing

Cell Component

Cell Manufacturing

Lithium

Lithium Chemical

CAM

Lithium-ion Battery Cell

AAM Cobalt, Nickel Chemical

Solid-state and Li-metal Cell

pCAM

Cobalt, Nickel

Graphite and carbon

Electrode

Sodium-ion Battery Cell Graphite

Other battery chemicals

* estimated as of December 2023

Li-metal, Electrolyte, Separator

System Assembly

Recycling

Extracted from the PDF; charts and images may read imperfectly.