Matthew Effect Evident! SEMCORP Continuously Enhances Global Market Competitiveness

Recently, SEMCORP Shanghai, a subsidiary of SEMCORP Group, received a supplier nomination letter from a global battery company. SEMCORP Shanghai has been confirmed as a supplier of lithium battery separators for this global battery firm, slated to provide separator products to the company's mainstream vehicle models' lithium batteries at production bases in Europe, Asia, and elsewhere from 2023 to 2031. This nomination is a market endorsement of the company's manufacturing level and product quality, contributing to the company's long-term development.

This year, SEMCORP has been intensifying its overseas production capacity layout and foreign business, securing several overseas orders for separator products through its subsidiaries. These efforts have bolstered the company’s competitiveness and profitability in the global market.

As previously reported by Xinhua Finance, "In 2022, Chinese enterprises held over 80% of the global separator market share. The demand from downstream battery factories, represented by new energy vehicles, is expected to continue to drive the growth of the separator industry." "Analysis suggests a market polarization, with profit capabilities of separator companies potentially diverging."

Zheshang Securities believes that the separator industry exhibits high market concentration, with the wet-process separator field featuring a 'one super, many strong' pattern, where SEMCORP occupies a top position on a sound foundation.