# If Enchem moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/enchem · Facet: ripple · Updated: 2026-07-12T06:29:12.152207+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Enchem is directly linked to 3 companies (0 supply, 3 revenue relationships) and reaches 15 companies within two hops; the links are backed by 8 dated sources, 1 of them primary filings (as of 2026-07-12).

Enchem operates across Global secondary-battery electrolyte leader (Korea No.1). It remained weak at -26.1% in 2025 and -79% in 2026. The demand side (avg +5.3%) leads the stock (-79%), so customer moves come first here. Among connected nodes the furthest ahead is SK Innovation (SK On) (+23.5%) and the furthest behind is LG Energy Solution (-9.9%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It is internalizing lithium salt (LiPF6), which accounts for about 40% of electrolyte cost.

## Demand chain (leading)
- T1 CATL (https://valuechain.wiki/catl.md)
- T2 UBTech Robotics (https://valuechain.wiki/ubtech.md)
- T3 Foxconn (Hon Hai) (https://valuechain.wiki/foxconn.md)
- T2 Tesla (https://valuechain.wiki/tesla.md)
- T3 PG&E Corporation (https://valuechain.wiki/pg-e.md)
- T3 Edison International (https://valuechain.wiki/edison-international.md)
- T2 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T2 Xiaomi (https://valuechain.wiki/xiaomi.md)
- T2 Geely Auto (https://valuechain.wiki/geely-auto.md)
- T2 SAIC Motor (https://valuechain.wiki/saic-motor.md)
- T1 SK Innovation (SK On) (https://valuechain.wiki/sk-innovation.md)
- T2 Nissan Motor (https://valuechain.wiki/nissan-motor.md)
- T2 Ford Motor Company (https://valuechain.wiki/ford-motor-company.md)
- T3 Ecolab Inc. (https://valuechain.wiki/ecolab.md)
- T3 United Rentals (https://valuechain.wiki/united-rentals.md)
- T1 LG Energy Solution (https://valuechain.wiki/lg-energy-solution.md)
- T2 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T3 Mazda Motor (https://valuechain.wiki/mazda-motor.md)
- T2 General Motors (https://valuechain.wiki/general-motors.md)
- T2 Honda Motor (https://valuechain.wiki/honda-motor.md)
- T2 DTE Energy (https://valuechain.wiki/dte-energy.md)
- T3 Oracle (https://valuechain.wiki/oracle.md)

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Full node: https://valuechain.wiki/enchem.md · JSON: https://valuechain.wiki/enchem.json