Industry Value Chain

Profit Margin Development in the EV Battery Value Chain for Selected Producers BATTERY CELLS

Profit margins %

Comments

Increase due to lower raw material prices

NMC CAM

Failed IPO, EU factories canceled

LFP CAM

NMC RAW MATERIALS

118 m EUR bailout from Guangzhou 04/2025

High debt ratio 0.95 EUR 9.32 billion)

LITHIUM

International expansion

ELECTROLYTE

Self-managed restructuring

SEPARATOR

Raw material market price decline

ACTIVE MATERIALS

Profit margins % Comments

Liquidity from ICL joint venture in Spain

Liquidity obtained from SPO in Hong Kong

Investment in Australia stopped

Liquidity crunch

Self-managed restructuring

Assessment of restructuring needs

Court-led restructuring 03/2025

Source: Content & analysis provided by Roland Berger Distinguished Partner). For more information, visit https://www.rolandberger.com/en/Insights/Global-Topics/Battery. List is non-exhaustive, and updated June 2025.

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