# If Ronbay Technology moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/ronbay · Facet: ripple · Updated: 2026-07-12T08:25:22.56643+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Ronbay Technology is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 10 companies within two hops; the links are backed by 11 dated sources, 4 of them primary filings (as of 2026-07-12).

Ronbay Technology is the World's #1 high-nickel NCM cathode maker. After +47.7% in 2025, it corrected -20% in 2026. The demand side (avg +12.9%) leads the stock (-20%), so customer moves come first here. Among connected nodes the furthest ahead is SK Innovation (SK On) (+23.5%) and the furthest behind is CATL (+2.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. Its largest customer (identified as CATL via media cross-checks) accounts for 54.5% of revenue, and its Korean subsidiary JAESE in Chungju runs 70,000 tons of annual capacity to serve Korean cell makers and tariff-sensitive Western demand.

## 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)

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