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Supply-chain map

The BBU chain has four layers: high-rate cells, module/PACK integration, BMS & monitoring, and system architecture. Leaders today are Korean/Japanese cell makers plus a rapidly scaling Chinese ecosystem, with Taiwan ODMs and global power vendors at the PACK level.

Key companies by layer

LayerCompanyCountryRole / notes
CellsSamsung SDIKoreaSupplies cylindrical cells to 新普 for Meta/Amazon racks
CellsPanasonic EnergyJapanTargeting 3× BBU cell output by FY2028
CellsMurataJapanHigh-rate 18650/21700 supplier
CellsLG Energy SolutionKoreaMajor cell supplier, expanding cylindrical lines
Cells蔚蓝锂芯 (002245)China~7.3% global share H1 2026; 500M→5B units forecast 2025→2026
Cells豪鹏科技 (001283)ChinaNVIDIA GB200/GB300 BBU cell supplier
Cells欣旺达 (300207)ChinaAIDC BBU products; packs + cells
Cells亿纬锂能 (300014)China17.5C ultra-high-rate cells sampling to N.A. clouds
Module/PACK台达 DeltaTaiwanData-center power leader, BBU modules
Module/PACK光宝 Lite-OnTaiwanServer power + BBU module supplier
Module/PACK新普 SimploTaiwanPacks Samsung SDI cells for Meta/Amazon
Module/PACK麦格米特 (002851)ChinaNVIDIA-official power partner; LIC+BBU combo for ByteDance
Module/PACKVertiv / Eaton / SchneiderGlobalFacility power & UPS vendors adding BBU lines
BMS华塑科技 (301157)ChinaBMS for ByteDance Volcano engine clusters
ArchitectureNVIDIA / OCPUSReference designs define BBU specs

Why Chinese suppliers matter now

Korean/Japanese cell capacity is locked by overseas hyperscaler customers, so overflow orders are shifting to Chinese producers with overseas certifications and mature cylindrical lines. 蔚蓝锂芯 has supplied ~5M BBU cells in 2025 via Moli and is forecast to scale ~10× to 50M+ units in 2026; its Malaysia plant is ramping. Certification cycles (6–12 months for NVIDIA/OCP) create durable barriers for new entrants.

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