VFBATTERY REPORT

Industry Value Chain

Pages 21–39 (19 pages)

Battery Report 2024, page 30: Industry Value Chain
Text on page 30

Where Integrated Supply Chain Clusters Are Forming MAJOR EMERGING SUPPLY CHAIN CLUSTERS OUTSIDE CHINA

OPPORTUNITIES

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

RISKS

Asian manufacturers are pivoting their strategies to capture overseas markets, where they can command higher margins

Europe and North America are working to nurture a domestic supply chain while adopting policies to reduce reliance on China

The higher costs and investment risks are deterring larger overseas investments

Therefore, supply clusters are converging on what are seen as low-cost, low-risk countries like South Korea, Morocco, and Indonesia, to supply the major markets

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

Page 30 · 10/19