# Who are Enchem's customers? Who does Enchem earn revenue from?
Canonical: https://valuechain.wiki/enchem · Facet: customers · Updated: 2026-07-12T06:29:12.152207+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Enchem's confirmed revenue counterparties include CATL, SK온, LG에너지솔루션. Per the valuechain.wiki graph: 3 revenue edges, backed by 6 dated sources, 1 of them primary filings (as of 2026-07-12).

### CATL (high)  → /catl.md
- metric: Amount ₩1.5T · CATL 5년(2026-2030) 계약
- note: A 5-year (2026-2030) contract to supply CATL with 350,000 tons of electrolyte (~KRW 1.5tn at current prices) — Enchem enters the largest Chinese cell customer, diversifying CATL's electrolyte sourcing beyond Tinci. A core of non-North-America volume visibility.
- [confirms] Newsworker (KO, news, published 2025-12-24) http://www.newsworker.co.kr/news/articleView.html?idxno=408246: "Enchem signs 5-year (2026-2030) 350k-ton (~KRW 1.5tn) electrolyte deal with CATL"
- [confirms] KED Global (EN, news, published 2025-11-28) https://www.kedglobal.com/batteries/newsView/ked202511280001: "Enchem, South Korea's top electrolyte maker, is poised to secure a five-year electrolyte supply contract worth KRW 1.5tn (about $1bn) with CATL."

### SK온 (high)  → /sk-innovation.md
- metric: Amount ₩312.8B · Enchem FY2025 매출(-14.5%)
- note: Enchem's Georgia plant began first electrolyte deliveries to SK On's Georgia plant in March 2023. SK On is one of Enchem's Big 3 North American cell customers.
- [confirms] TechWorld (EPNC) (KO, news, published 2026-04-06) https://www.epnc.co.kr/news/articleView.html?idxno=330836: "Enchem's Georgia plant began first deliveries to SK On's Georgia plant, then started supplying the Ohio plant of Ultium Cells, the LG Energy Solution-GM joint venture."
- [confirms] DART (FSS) (KO, filing, published 2026-03-26) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260326001049: "The business report lists the domestic cell makers as key electrolyte customers; 2024 electrolyte volume 49,096 t, 53% North America share."
- [mentions] Pax Economy TV (analyst view) (KO, research, published 2026-02-25) https://www.paxetv.com/news/articleView.html?idxno=254819: "2026 NA regulatory inflection: FEOC blocks Chinese rivals, Enchem NA No.1, turnaround expected"
- [confirms] KED Global (EN, news, published 2021-10-15) https://www.kedglobal.com/battery-materials/newsView/ked202110150004: "The article identifies LG Chem, SK Innovation and CATL as Enchem's key clients."

### LG에너지솔루션 (high)  → /lg-energy-solution.md
- metric: Amount ₩312.8B · Enchem FY2025 매출(-14.5%)
- note: Enchem's Georgia plant began supplying the Ohio plant of Ultium Cells (LG Energy Solution-GM JV) in August 2023. LG Energy Solution is one of Enchem's Big 3 North American cell customers.
- [confirms] TechWorld (EPNC) (KO, news, published 2026-04-06) https://www.epnc.co.kr/news/articleView.html?idxno=330836: "In August 2023 Enchem began supplying electrolyte to the Ohio plant of Ultium Cells, the LG Energy Solution-GM joint venture."
- [confirms] DART (FSS) (KO, filing, published 2026-03-26) https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20260326001049: "Enchem FY2025 revenue KRW 312.8bn (-14.5%), net loss KRW 70.6bn (narrowed from -558.3bn); local supply from Georgia 100k-ton plant"
- [confirms] KED Global (EN, news, published 2021-10-15) https://www.kedglobal.com/battery-materials/newsView/ked202110150004: "Enchem's electrolytes are supplied to all of the world's top 10 EV makers including Volkswagen and Ford, with LG Chem among its key clients."

Reverse side: https://valuechain.wiki/enchem/suppliers.md · Ripple: https://valuechain.wiki/enchem/ripple.md

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