What is Precursor?
- Precursor is one of the major component of cathode material
- Precursor is mainly composed of raw materials including Ni, Co, Mn, etc.
Division of New Energy Business
Precursor is One of the Main Components of Cathode Materials and Sits in Crucial Positions to the Overall Battery Value Chain
Battery Cost Breakdown by Component %
Precursor production share by major countries
The precursor market is also growing rapidly due to increased demand for batteries in electric vehicles, consumer digital devices, and ESS.
Global Precursors Market Outlook
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Electric Vehicle Market in 2035
Grow up to 85%
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Smartphone Market by 2026
Equipped with more than 20% AI
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ESS Market Annual Average
20% high growth continued
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LIB Market in 2030
17x growth compared to 2018
Expanding from precursor raw material procurement to waste battery recycling business
Precursor in Battery Value Chain
Business Strategy
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- STEP 01
- Construction of a precursor production base with the largest shareholder
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- STEP 02
- Establishment of overseas branches in Indonesia, Morocco, etc. and procurement of raw materials
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- STEP 03
- Promotion of waste battery recycling business