@nithin_Shenoy very well done. Just one thing to add is that it may not be about entire value chain. The main reason is electrolyte solution can not be exported due to safety/hazard issues. Whereas electrolyte salt and additives can be exported.
One risk is evolving battery technology solid and liquid (lithium ion based or sodiumion based). Ami has additives for both the types. Technology risk for Ami is low vs. Neogen. Neogen is expecting sodium ion will not take over the world until 2030.
One benefit for Neogen is that they have tieup with mitsui for recipies which they can produce at large scale and approval from oems may take less time due to mitsuis existing relationships.
A difficult topic we can overcome with collaboration.
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