First Read: Global Battery Supply Chain "AIC 2026: Battery overview:..."

研报英文原文证据摘录

First Read: Global Battery Supply Chain "AIC 2026: Battery overview:..."

Global Research

4 June 2026ab

First Read

EquitiesGlobal Battery Supply Chain

AIC 2026: Battery overview: structural tailwinds Global

accelerating Basic Materials

Tim Bush

Analyst

tim-d.bush@ubs.com

Battery supply chain tightness and AIDC demand were dominant themes at +82-2-3702 8801

UBS AIC conference

Paul Gong

Management commentary across LG Energy Solutions, Samsung SDI, LG Chem, and Analyst

materials players (Jiangsu Lopal Tech, Yunnan Energy and GCL Tech) painted a consistent paul.gong@ubs.com

picture of tightening supply in key battery segments -particularly in BESS- alongside +852-2971 7868

accelerating AIDC-related demand. Chinese cell and material makers are operating near Yishu Yan

full utilization, driving aggressive capacity additions while overseas plans are being de- Analyst

prioritised due to cost and policy hurdles. S1460520110001

yishu.yan@ubs.com

US ESS ramp remains the clearest near-term growth driver +86-21-3866 8782

LGES guided 30 GWh US ESS shipments in 2026, rising to 50 GWh in 2027, supported Kunlun Li

by >50 GWh of LFP capacity by year-end via line conversions. Samsung SDI highlighted Analyst

its 22 GWh LFP line starting in 4Q26, with the majority of output delivered as DC-block S1460520080002

for turnkey solutions. Both companies are sharing portions of production tax credits to kunlun.li@ubs.com

+86-21-3866 8894

win share. However, pricing appears tight with 50-60% of volumes passing on rising

metals costs. CSI Solar also flagged growing AIDC-related BESS orders, with a 2.5 GWh Yoon Cho

grid side project secured. Analyst

yoon.cho@ubs.com

+82-2-3702 8805

EU EV recovery

Tao WangLGES and Samsung SDI both highlighted improving EU demand, with LGES seeing