# Who are Advanced Nano Products's customers? Who does Advanced Nano Products earn revenue from?
Canonical: https://valuechain.wiki/advanced-nano-products · Facet: customers · Updated: 2026-07-12T03:56:29.332+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Advanced Nano Products's confirmed revenue counterparties include LG에너지솔루션, 삼성SDI, SK이노베이션(SK온) plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 4 revenue edges, backed by 4 dated sources, 1 of them primary filings (as of 2026-07-12).

### 배터리 3사 (LG엔솔·삼성SDI·SK온, CNT 도전재) (high)
- note: The only Korean firm producing CNT additives for both cathode and anode, supplying cell makers LG Energy Solution, Samsung SDI and SK On. FY2025 battery-materials revenue was KRW 66.3bn (59.4% of total, up 65.3% from KRW 40.2bn), of which KRW 59.0bn was exports. The filing's top customers A/B/C represent 17.0%, 9.7% and 7.7% of sales. CNT additive slurry capacity reached roughly 40,000 tons in 2025 (from 15,000 in 2023 and 25,000 in 2024).
- [confirms] DART (FSS) (KO, filing, published 2026-03-20) https://opendart.fss.or.kr/api/document.xml?rcept_no=20260320001026: "Battery materials (CNT etc.) KRW 66,338m (59.4%): exports 59,028m, domestic 7,310m. Top customers A KRW19.0bn (17.0%), B KRW10.8bn (9.7%), C KRW8.6bn (7.7%)."
- [mentions] The Asia Business Daily (EN, news, published 2026-01-05) https://www.asiae.co.kr/en/article/2026010510544065612: "LG Energy Solution, SK On and Samsung SDI plan to adopt more single-wall CNTs in anodes to suppress silicon-anode swelling."
- [mentions] Finance Scope (KO, news, published 2024-11-07) https://www.finance-scope.com/article/view/scp202411070013: "Expands US and Poland CNT plants to supply LG Energy Solution and Samsung SDI."
- [confirms] Mirae Asset Securities (KO, research, published 2024-07-01) https://securities.miraeasset.com/bbs/download/2129977.pdf?attachmentId=2129977: "Forecasts 2025 CNT additive revenue of KRW 62.4bn (+55.3%); initiates coverage at TP KRW135,000. Customers LG ES, Samsung SDI, SK On, Northvolt."

### LG에너지솔루션 (mid)  → /lg-energy-solution.md
- note: Supplies cathode and anode CNT additives to LG Energy Solution, served from local CNT plants in the US and Poland.
- [mentions] Finance Scope (KO, news, published 2024-11-07) https://www.finance-scope.com/article/view/scp202411070013: "US and Poland plants to supply LG ES and Samsung SDI."
- [mentions] Mirae Asset Securities (KO, research, published 2024-07-01) https://securities.miraeasset.com/bbs/download/2129977.pdf?attachmentId=2129977: "Lists LG ES, Samsung SDI and SK On as key CNT-additive customers."

### 삼성SDI (mid)  → /samsung-sdi.md
- note: Supplies cathode and anode CNT additives to Samsung SDI.
- [mentions] Finance Scope (KO, news, published 2024-11-07) https://www.finance-scope.com/article/view/scp202411070013: "US and Poland plants to supply LG ES and Samsung SDI."
- [mentions] Mirae Asset Securities (KO, research, published 2024-07-01) https://securities.miraeasset.com/bbs/download/2129977.pdf?attachmentId=2129977: "Lists LG ES, Samsung SDI and SK On as key CNT-additive customers."

### SK이노베이션(SK온) (mid)  → /sk-innovation.md
- note: Supplies cathode and anode CNT additives to SK On (SK Innovation).
- [mentions] Finance Scope (KO, news, published 2024-11-07) https://www.finance-scope.com/article/view/scp202411070013: "US and Poland plants to supply LG ES and Samsung SDI."
- [mentions] Mirae Asset Securities (KO, research, published 2024-07-01) https://securities.miraeasset.com/bbs/download/2129977.pdf?attachmentId=2129977: "Lists LG ES, Samsung SDI and SK On as key CNT-additive customers."

Reverse side: https://valuechain.wiki/advanced-nano-products/suppliers.md · Ripple: https://valuechain.wiki/advanced-nano-products/ripple.md

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