Demand for electric vehicles (EVs) driven by sustainability concerns is one of the fundamental factors driving transformation in the global EV battery value chain. To stay competitive in the EV space, OEMs emphasize control over the supply chain, such as diversifying their sourcing strategy to reduce dependence on a particular region or country, pursuing R&D innovation, and extending partnerships to commercialize new battery chemistries, localize production to cut costs, and intensify focus on the circular economy and sustainability.

• What is the current status of different battery value chain streams/phases, and how are they poised for growth?
• Which factors are impacting China’s EV battery supply chain strategy and creating growth prospects?
• How are potential megatrends, OEM initiatives, and supplier procurement approaches influencing the growth trajectory of the EV battery value chain?