Industry Value Chain

Chinese Manufacturers Are Chasing Profits Overseas And Market Potential For LFP CURRENT STRATEGIC FOCUS OF MAJOR CHINESE BATTERY/P/CAM PRODUCERS Battery producers

Minimise scrutiny in US market via technology licensing model

Strengthen partnerships with OEMs in long-term tech. roadmap

Develop products for energy storage, PHEV and commercial vehicle market

Fast-charging technology

Energy density improvement via chemistry and structural changes

Financially support suppliers to secure high-tech materials

p/CAM producers

Construct pilot lines overseas to attract OEM and battery customers

Acquire existing projects and environmental permits from brownfield sites

Traditional NMC producers diversifying into LxFP despite low margins

Expand metal refining business to consume raw materials

High compaction density LFP CAM

Mid-Ni high-voltage CAM for BEV and PHEV

Ultra high-Ni p/CAM for solid-state batteries

Continue LMFP development

OVERSEAS SALES ARE SIGNIFICANTLY MORE PROFITABLE FOR CHINESE PRODUCERS

BATTERY MAKERS EARN HIGHER PROFITS FROM ESS, BUT P/CAM BEARS THE LOSS

Source: Content & analysis provided courtesy of CRU Group Distinguished Partner). For more information, visit https://www.crugroup.com. GPM = gross profit margin. Box plot displays where 50% of the data points fall.

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