Technical Advisory and Steering Committee Participation for Country Government – Lithium Battery Material Value Chain
Project Overview
Bonsai Technology partnered with the national government to deliver technical advisory services and contribute to the steering committee for developing the lithium battery material value chain. The government aimed to strategically position the country within the expanding global lithium battery market by leveraging its resources and expertise.
Client Challenges
- Limited understanding of lithium battery technology, manufacturing requirements, and material value.
- Need for a comprehensive strategy to leverage the growing demand for lithium batteries and enhance local industry development.
Solution Provided
Bonsai Technology delivered strategic guidance and technical expertise to address these challenges:
- Lithium Battery Value Chain Mapping: We defined the entire value chain, identifying key material components and stages to uncover opportunities and challenges.
- Tailored National Strategy: A country-specific strategy was developed, considering factors like supply constraints, supply chain concentration, market trends, local industry growth, raw material availability, and global demands.
- Feasibility Studies: We conducted both base and technical feasibility studies to assess the viability of the proposed strategy.
- Regular High-Level Engagement: Participated in weekly meetings with the Economic Development Minister and their team, providing consistent updates, insights, and recommendations.
- Global Partnerships: Collaborated with Tier 1 OEMs and suppliers globally to align strategies and strengthen industry partnerships.
Implementation Process
Bonsai Technology engaged actively with the client’s team and stakeholders throughout the project:
- Provided regular updates and progress reports to ensure alignment with project objectives and stakeholder expectations.
- Worked closely with the steering committee to refine strategies, address challenges, and seize emerging opportunities.
- Facilitated collaboration and knowledge sharing with industry partners to drive collective action and achieve shared goals.
Project Outcome
This comprehensive approach ensured the client was well-positioned to enter the LFP battery market and efficiently scale operations for both ESS and EV sectors.