The Group is aiming to sustain its growth rate over the coming 5-year horizon by continuing to invest, to diversify into its three core business domains and to adopt new technologies
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
