Industry Value Chain

Korean and Japanese Companiesʼ Roles In The Battery Supply Chain LONG TERM: Korean focus is on vertical integration, expanding

SHORT TERM: lowering growth expectations amid decline in profitability & market share

into LFP & ESS, balancing relationship with US & China Accelerating vertical Integration

SK/JP COMPANIES HAVE BEEN RELYING ON US IRA TO PROP UP THEIR PROFITS

SK/JPSUPPLIED BEVs LAGGING CHINESE COMPETITORS

Bringing p/CAM production home

Diversifying technology portfolio

Balancing US requirements & Chinese collaboration

Source: Content & analysis provided courtesy of CRU Group Distinguished Partner). For more information, visit https://www.crugroup.com.

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