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LIB FOR AUTOMOTIVE VALUE CHAIN 3 Tiers 1 cell manufacturersalliance: most of them disappear (eg. SaftJohnson Controls, Bosch Samsung, Enerdel Delphi…) 4 Tiers 1 OEM alliance on Battery are not successful 5 Panasonic and LG Chem, cell manufacturers develop raw material in house and make the pack integration for OEM 6 On a different scale, Toyota, BYD or BOLLORE are fully integrate 26 Comments 1 The largest share of the value (40%) es from cell ponents 2 Cell manufacturers OEM alliance may be the winning model but es with high risk if the wrongcell manufactureris selected Av Inves 250$ tments: /kWh Christophe PILLOT + 33 1 47 78 46 00 The worldwide Battery market and materials trends20232025 CIBF 2023 June 1820 Shenzhen, China 27 A123 MichiganPlant Photo courtesy of A123 Systems Liotech Plant, Novosibirsk – 1,5 GWh production capacity 0 500 1000 1500 RusnanoThunder Sky Lithium Energy Japan Hitachi Vehicle Energy SB Limotive GS YUASA Dow Kokam (KD ABG MI) NissanRenault (Fr) Ener1 Sanyo A123 JCI LG Chem BYD Sony NISSAN Motor US PANASONIC NissanRenault (Port) Blue Energy Toshiba Nissan Renault (UK) LG Chem Compact… M$ LIB MANUFACTURING INVESTMENTS 20232023 1012 B$ WORLDWIDE 50 GWh in 2023 Total Investment (M$) made for LIB manufacturing LiTec GmbH Panasonic EV SK Energy Mitsubishi . NEC Tokin (Electrodes) AESC Japon Hitachi Vehicle Energy SAFT SAFT US BAK Lishen € 150 € 150 € 350 Charger DC/DC Generator Christophe PILLOT + 33 1 47 78 46 00 The worldwide Battery market and materials trends20232025 CIBF 2023 June 1820 Shenzhen, China 28 € 100 € 400 € 900 € 1,250 € 150 € 350 € 250 € 300 € 500 € 50 € 1,000 € 400 € 2,500 € 1,500 € 3,000 HV battery cell Packaging material Cooling Syst Inverter Rectifier HV Cables Connectors Batt. Magt Syst Batt. Packaging Manuf. converter Inverter Overall LV battery pack BATTERY POWER ELEC. COST IN EV € 8,250 € 50 € 5,500 € 18,100 € 300 € 8,000 HV batt. Pack for EV € 8,150 € 15,100 HV batt. CELL for EV 0 € 12 000 € 10 000 € 8 000 € 6 000 € 4 000 € 2 000 € Power Elec Pack Manufacturing BMS Thermal Mgmt + packaging Cell manu Cell Active Hybrid 5 Volt Bluecar Leaf HEV PHEV AVICENNE ENERGY CONFIDENTIAL INFORMATION EV Christophe PILLOT + 33 1 47 78 46 00 The worldwide Battery market and materials trends20232025 CIBF 2023 June 1820 Shenzhen, China LIB CELL BILL OF MATERIALS 29 AVICENNE ENERGY CONFIDENTIAL INFORMATION NISSAN LEAF GM VOLT BMW ACTIVE HYBRID 5 BOLLORE BLUE CAR $ / kWh $ / kWh Pack Cell Cell Pack Cell Pack Christophe PILLOT + 33 1 47 78 46 00 The worldwide Battery market and materials trends20232025 CIBF 2023 June 1820 Shenzhen, China LIION BATTERY COST 20232023 LIB cell average cost (36Ah pouch) LIION BATTERY PACK COST 30 * For Production 100 000 packs/year (1) Active materials only 2023* 2023* 2023* 0 350 300 250 200 150 100 50 (EV design 。 LMO/NMC cathode) 400 2023 2023 2023 Margin Warranty Overheads Sales Adm RD Energy, utilities Direct labor Depreciation Others Separator Electrolyte Anode (1) Cathode (1) 500 400 300 200 100 0 FOR EV 600 Pack Cost Cell Manufacturing Other Materials Separator Electrolyte Anode Cathode M Wh M Wh Christophe PILLOT + 33 1 47 78 46 00 The worldwide Battery market and materials trends20232025 CIBF 2023 June 1820 Shenzhen, China TOTAL BATTERY DEMAND 2025 FORECASTS 31 Total battery demand (MWh) CAGR 20232025: +12% 180000 160000 140000 120230 100000 80000 60000 40000 20230 0 2023 2023 2023 2023 2023 2025 NiMH except Auto LIB for HEV LIB except Auto LIB for PHEV NiCd NiMH for HEV LIB for EV EV, HEV PHEV Battery needs (MWh) CAGR 20232025: +20% 180 000 160 000 140 000 120 000 100 000 80 000 60 000 40 000 20 000 2023 2023 2023 2023 2025 NiMH for HEV LIB for PHEV LIB for HEV LIB for EV M$ M$ Christophe PILLOT + 33 1 47 78 46 00 The worldwide Battery market and materials trends20232025 CIBF 2023 June 1820 Shenzhen, China RECHARGEABLE BATTERY MARKET 2023 – 2025 32 Rechargeable battery market, M$ for xEV 20232025 (cell level) 30 000 25 000 20 000 15 000 10 000 5 000 0 2023 2023 2023 2023 2023 2023 2025 NiMH for HEV LIB for HEV LIB for PHEV LIB for EV Rechargeable battery market, M$, 20232025 (cell level) 30 000 25 000 20 000 15 000 10 000 5 000 0 2023 2023 2023 2023 2023 2025 NiCd NiMH except Auto NiMH for HEV LIB Pr LIB Cyl LIB Pol LIB Auto Microhybrid FullHEV Battery Advancedlead acid NiMHorLIB Cost($) 300 3000 Fuelsaving 5% 20% MillionVehicle soldperyearin 2023 35 Million The worldwide Battery market and materials trends20232025 CIBF 2023 June 1820 Shenzhen, China