Group Strategy

Organic Growth

• Market expansion  
• Hybrid ‘go-to-market approach’
• Staged capacity extension 

Accelerated Organic Growth

• Sustaining and enlarging the parity of scrap batteries 
• Group synergy effects on margin and multiplier level 
• Accelerated penetration in strategic markets such as Africa 
• Acquisition of recycling target in Italy

Niche Diversification- Recycling

Extend the revenue/margin stream by

• Complementary recycling process of tin and antimony 
• Introducing break-through option for recycling of separator

Focus Diversification – Lithium-ion

• Introduce premium HP cell capabilities 
• Introduce modular-based battery assembly 
• Match the high demand/requirements in premium segments
• Scale up mass production on a strong base – secured technology leadership and penetrated market segments 

Lithium-ion focused differentiation

• New generation of lithium-ion LFP cells enabling outstanding performance 
• Phased product development and commercialisation for High Power solutions

Recycling Niche Diversification

• Critical mass of resource availability to support sizable tin and antimony output production

Accelerated Organic Growth

• Further group synergies on recycling, sourcing and material flows 
• Enriched battery production portfolio 
• Further plant specialization and better utilization 
• Immediate outreach to new markets in Asia 

Organic Growth

• Target direct CoGS due to vertical integration 
• Target full CoGS due to lean manufacturing 
• Strong operational leverage due to lean OPEX 
• Increasing volumes through breaking into multiple markets & extending and enlarging our client base

• Vertical integration, which allows natural hedging to fluctuation of LME lead price 
• Capability to re-align the group’s activities in the event of abrupt shifts of the LME lead price curves

• Technological advancement 
• Innovation in some areas of recycling (e.g. separator)

• Systems and batteries built on a modularity principle
• Leading edge high power cylindrical LFP cells
• Balance between mass production of cells and multiple application/products choice