The company procures raw materials and battery components from approved third-party suppliers, with raw material costs comprising over half of its cost of goods sold. Lithium, a key raw material derived from mined ore, is essential for battery cell production; its price and availability are subject to volatility and external factors beyond the company's control. Battery cell manufacturers operate joint venture factories outside Asia and maintain sourcing contracts with lithium suppliers in South America and Australia. The company also sources lithium iron phosphate cells from a European supplier, providing an alternative to Asian sources if needed. It monitors developments in lithium mining, including recycling initiatives, to enhance sustainability and efficiency. The company expects tariffs on products from Asian third-party manufacturers in 2026 and plans to mitigate margin impacts through supplier concessions, customer price adjustments, and operational efficiencies.
Expion360 Inc's Comment on Supply Chain
The company procures raw materials and battery components from approved third-party suppliers, with raw material costs comprising over half of its cost of goods sold. Lithium, a key raw material derived from mined ore, is essential for battery cell production; its price and availability are subject to volatility and external factors beyond the company's control. Battery cell manufacturers operate joint venture factories outside Asia and maintain sourcing contracts with lithium suppliers in South America and Australia. The company also sources lithium iron phosphate cells from a European supplier, providing an alternative to Asian sources if needed. It monitors developments in lithium mining, including recycling initiatives, to enhance sustainability and efficiency. The company expects tariffs on products from Asian third-party manufacturers in 2026 and plans to mitigate margin impacts through supplier concessions, customer price adjustments, and operational efficiencies.
Sources:
Expion360 Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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