# Who are Tinci Materials's customers? Who does Tinci Materials earn revenue from?
Canonical: https://valuechain.wiki/tinci · Facet: customers · Updated: 2026-07-12T06:19:07.021804+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Tinci Materials's confirmed revenue counterparties include CATL, BYD plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 3 revenue edges, backed by 6 dated sources, 1 of them primary filings (as of 2026-07-12).

### CATL (mid)  → /catl.md
- metric: Count 58,600 t · 2024-06~2025-12(만료·미갱신) · electrolyte per solid LiPF6, long-term agreement (expired, not renewed)
- note: Formerly the top electrolyte customer. In June 2024 wholly owned subsidiary Ningde Kaixin signed a supply agreement with CATL (electrolyte for 58,600t of solid LiPF6, ~500kt, estimated ~RMB10bn), but it expired on Dec 31, 2025 without renewal. CATL shifted 2026-2028 electrolyte volume to Shinbang (300kt) and Yongtai (470kt), and Tinci is cutting CATL reliance via 2.945Mt of new long-term contracts with Chuneng, Ruipu and others.
- [confirms] Huxiu (ZH, news, published 2026-06-16) https://www.huxiu.com/article/4817712.html: "Tinci-CATL agreement expired unrenewed; Tinci diversifies via 2.945Mt long-term deals with Chuneng, Ruipu, etc."
- [confirms] OFweek Li-battery (ZH, news, published 2026-06-15) https://libattery.ofweek.com/2026-06/ART-36002-8120-30689953.html: "CATL did not renew with Tinci — sourcing 2026-2028 electrolyte from Shinbang (300kt) and Yongtai (470kt), 770kt total."
- [confirms] SZSE filing (cninfo) (ZH, filing, published 2026-03-10) https://static.cninfo.com.cn/finalpage/2026-03-10/1225002089.PDF: "FY2025 annual report: revenue RMB16.650bn (+33%), net income RMB1.362bn (+181%), electrolyte volume 720kt+, 10th straight year No.1 (32.2% share)."
- [confirms] Sina Finance (ZH, news, published 2024-06-17) https://finance.sina.com.cn/stock/bxjj/2024-06-17/doc-inayzhac2720115.shtml: "Tinci's wholly-owned unit Ningde Kaixin signed a material supply agreement with CATL to supply electrolyte corresponding to 58,600 tons of solid LiPF6 through December 31, 2025."
- [confirms] Yicai Global (EN, news, published 2024-06-17) https://www.yicaiglobal.com/news/chinas-tinci-soars-after-receiving-large-battery-materials-order-from-catl: "Tinci will supply CATL with lithium battery electrolytes involving 58,600 tons of LiPF6 through end-2025, an arrangement estimated at CNY10 billion (about USD1.4 billion)."

### 글로벌·중국 배터리 셀 고객 (EVE·Gotion·LG엔솔·테슬라 등) (mid)
- note: Beyond CATL and BYD, Tinci supplies electrolyte to EVE, Gotion, LG Energy Solution, Tesla and other Chinese and global cell and automaker customers.
- [confirms] SZSE filing (cninfo) (ZH, filing, published 2026-03-10) https://static.cninfo.com.cn/finalpage/2026-03-10/1225002089.PDF: "FY2025: electrolyte volume 720kt+ (+44%), world No.1 (32.2% share). Diversified customers incl. EVE, Gotion, LG, Tesla."
- [confirms] Eastmoney (broker report) (ZH, news, published 2025-11-17) https://pdf.dfcfw.com/pdf/H3_AP202511171783102989_1.pdf: "The report also lists EVE, Gotion, LG and Tesla among Tinci's customers."

### BYD (mid)  → /byd.md
- note: Alongside CATL, a major customer of Tinci's electrolyte; the Chinese battery and EV giant is part of Tinci's large cell-customer base.
- [confirms] Eastmoney (broker report) (ZH, news, published 2025-11-17) https://pdf.dfcfw.com/pdf/H3_AP202511171783102989_1.pdf: "The report lists Tinci's key customers as CATL and BYD, plus EVE, Gotion, LG and Tesla, and highlights self-supplied LiPF6 as part of its vertical integration."

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

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