Isn’t it a risky spell for himadri entering into this segment?
Cathode materials industry is predominantly led by Chinese players, with a total requirement of 1.4 million tonnes. Himadri emphasises its intention to sell these materials to original equipment manufacturers (OEMs). Contemporary Amperex Technology Co.Limited (CATL) a chinese battery manufacturer which holds majority share in LFP (lithium phosphate battery).
Major opportunity is there for this company but if any renown Indian brand comes into picture from the same serving segment as well it can be a major threat as well.
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