Corporate Logo(source: enchem.net)
On November 27, Enchem(348370), a leading electrolyte producer for secondary batteries, traded sharply higher amid expectations that the company is close to signing a five-year supply agreement with a global top-tier battery manufacturer.
As of 9:05 a.m., the shares were up 7.99% (4,900 won) from the previous session at 66,200 won.
Enchem said it is preparing to finalize an annual electrolyte supply contract of 70,000 tons with a major global cell manufacturer that leads the global battery market.
The contract, covering a total of 350,000 tons over five years beginning in 2026, is valued at approximately 1.5 trillion won based on the current electrolyte sales price. The annual supply volume of 70,000 tons is equivalent to 1.4 times Enchem’s total 2024 supply of 50,000 tons, marking the largest single-customer supply agreement in the company’s history.
The global manufacturer, recognized as an industry leader, has been expanding its production bases in Europe and Southeast Asia. Enchem is understood to have been selected as a key partner for these overseas strategic hubs due to its continuous technological collaboration and strong on-site responsiveness.
Since 2024, Enchem has been aggressively expanding sales efforts in China targeting ESS and EV battery clients. The company expects sales volume to Chinese battery makers to increase 150% year-on-year in 2025 to more than 35,000 tons. In the fourth quarter alone, monthly sales volume is expected to exceed 4,500 tons.
With the newly secured order, Enchem anticipates that its China-market volume will rise to around 90,000 tons in 2026. By maximizing utilization rates at its two operating Chinese plants—Zhangjiagang and Zaozhuang—the company expects substantial improvements in both revenue and profitability.
A company official said, “With Enchem’s global supply chain across China, the United States and Europe, this large-scale electrolyte supply agreement with a top-tier battery manufacturer will mark a major step forward, enabling us to compete alongside the leading Chinese players that currently dominate the global electrolyte market.”
Corporate Logo(source: enchem.net)
On November 27, Enchem(348370), a leading electrolyte producer for secondary batteries, traded sharply higher amid expectations that the company is close to signing a five-year supply agreement with a global top-tier battery manufacturer.
As of 9:05 a.m., the shares were up 7.99% (4,900 won) from the previous session at 66,200 won.
Enchem said it is preparing to finalize an annual electrolyte supply contract of 70,000 tons with a major global cell manufacturer that leads the global battery market.
The contract, covering a total of 350,000 tons over five years beginning in 2026, is valued at approximately 1.5 trillion won based on the current electrolyte sales price. The annual supply volume of 70,000 tons is equivalent to 1.4 times Enchem’s total 2024 supply of 50,000 tons, marking the largest single-customer supply agreement in the company’s history.
The global manufacturer, recognized as an industry leader, has been expanding its production bases in Europe and Southeast Asia. Enchem is understood to have been selected as a key partner for these overseas strategic hubs due to its continuous technological collaboration and strong on-site responsiveness.
Since 2024, Enchem has been aggressively expanding sales efforts in China targeting ESS and EV battery clients. The company expects sales volume to Chinese battery makers to increase 150% year-on-year in 2025 to more than 35,000 tons. In the fourth quarter alone, monthly sales volume is expected to exceed 4,500 tons.
With the newly secured order, Enchem anticipates that its China-market volume will rise to around 90,000 tons in 2026. By maximizing utilization rates at its two operating Chinese plants—Zhangjiagang and Zaozhuang—the company expects substantial improvements in both revenue and profitability.
A company official said, “With Enchem’s global supply chain across China, the United States and Europe, this large-scale electrolyte supply agreement with a top-tier battery manufacturer will mark a major step forward, enabling us to compete alongside the leading Chinese players that currently dominate the global electrolyte market.”