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top-10-lithium-ion-battery-electrolyte-manufacturer-in-china

Top 10 lithium ion battery electrolyte manufacturer in China

China shipped more than 500,000 tons of electrolyte in the first half of 2023, top 10 lithium ion battery electrolyte manufacturer market share of more than 90 percent. China’s lithium-ion battery electrolyte shipments in the first half of 2023 amounted to 504,000 tons, with a market size of RMB 24.19 billion. It is estimated that China’s electrolyte shipments for the whole year of 2023 will reach 1.169 million tons.

From the perspective of major electrolyte manufacturers in China, TINCI ranked first with 33.7% market share in the first half of 2023, and BYD, which supplies its own electrolyte, increased its market share to 13.9% on the back of growth in shipments of its downstream batteries, moving up one position to replace CAPCHEM as the industry’s second.

The gap between the second tier companies such as FNLT and Kunlun Material and the first tier is gradually narrowing, and compared with the whole year of 2022, the market shares of FNLT, Kunlun Material and Zhuhai Saiwei have increased in the first half of 2023. The CR10 of China’s electrolyte industry increased from 88.3% in 2022 to 90.3% in the first half of 2023. Here are top 10 lithium ion battery electrolyte manufacturer in China.

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Top 10 lithium ion battery electrolyte manufacturer in China in 2023

TINCI

TINCI-logo
Established date 2000-06-06
Global headquarters Huangpu District, Guangzhou
Company website www.tinci.com

TINCI Material ranked first in top 10 lithium ion battery electrolyte manufacturer in China was founded in 2000, the company was mainly engaged in silicone oil, surfactants and other personal care products materials in the early stage of the company’s establishment.

2005, the company cut into the field of lithium electrolyte through the downstream customers of the silicone rubber products, and in 2007, the company realized the mass production of electrolyte, and obtained the manufacturing technology license for the production of LiPF6.

In 2014, the acquisition of Dongguan Kaixin Battery completed the electrolyte integration layout.In 2018, the company cooperated with Japan’s Central Nitro in the production of liquid LiPF6, and in 2019, the company formally put into production the new lithium salt LiFSI.

TINCI-building

In terms of additives, the company focuses on Vinylene Carbonate (VC), Vinylene Sulfate (DTD), Lithium Difluorophosphate (LiPO2F2), Lithium Difluorophosphate Bis-Oxalate (LiODFB) and Fluorinated Ethylene Carbonate (FEC).

In terms of capacity planning, TINCI Material has planned electrolyte production capacity of 1.7 million tons. In order to meet the demand of downstream customers, the company is actively expanding production, of which 150,000 tons of Jiujiang base will be put into production by the end of 2021, and 30,000 tons of the first phase of the Czech Republic, 200,000 tons of electrolyte project in Nantong, and 300,000 tons of the Sichuan base are under construction one after another.

In addition, Jiangmen base 200,000 tons, Fuding base 300,000 tons in the planning, the above capacity is expected to reach an annual output of 1.7 million tons of electrolyte after the completion of all.

TINCI-company

In terms of customers, TINCI Material has signed long-term cooperation and supply agreements with international famous enterprises, such as Tesla, one of the top 10 power battery manufacturers in the world, CATL, and LG New Energy, and the business will maintain a continuous and stable growth in the future.

On July 20, the EIA of TINCI Material’s new 200,000 tons/year solvent liquid lithium hexafluorophosphate project was approved. The total investment of the project is 1.4 billion RMB, among which the environmental protection investment is 12.72 million RMB, accounting for 0.91% of the total investment.

It includes 3 production lines for intermediate product phosphorus pentafluoride (75,000 tons/year) and 4 production lines for product solvent liquid lithium hexafluorophosphate (80,000t/a for DMC liquid lithium hexafluorophosphate and 120,000t/a for EMC liquid lithium hexafluorophosphate, each with two production lines), supporting construction of tanks for raw materials and auxiliary materials and warehouses, and construction of supporting auxiliary facilities and environmental protection facilities.

TINCI-factory

CAPCHEM

CAPCHEM-logo
Established date 2002-02-19
Global headquarters Pingshan District, Shenzhen
Company website www.capchem.com

CAPCHEM was founded in 2002, ranked second among the top 10 lithium ion battery electrolyte manufacturer in China, formerly known as Shenzhen Zuibang Chemical Co., Ltd. was founded in 1996, engaged in the production and sales of capacitance grade ethylene glycol, in 2003, the company began to layout the lithium electrolyte field, in 2014, the holding of Zhangjiagang Hankang Chemical, to enter the electrolyte additive field.

CAPCHEM-brand

With the rise of new energy vehicles, CAPCHEM electrolyte sales jumped to the world’s first in that year. 2017, the acquisition of BASF’s electrolyte business in China and the Suzhou plant, to further improve the layout. 2021, the company began to accelerate the expansion of production capacity, investing in the construction of electrolyte projects in Chongqing, Tianjin and the Netherlands.

CAPCHEM currently consists of four main business segments: battery chemicals, organic fluorine chemicals, capacitor chemicals and semiconductor chemicals. Among them, battery chemicals mainly include lithium battery and supercapacitor electrolyte, and purification technology is the main barrier in the early development process of electrolyte.

CAPCHEM-building

In terms of capacity planning, by the end of 2022, the company’s battery chemicals design capacity reached 240,000 tons, with a capacity utilization rate of 80.6%, 760,000 tons of capacity under construction, and total capacity planning of 1 million tons.

In terms of customer group, on Chinese customers, we have established stable cooperation relationship with CATL, BYD, EVE, one of the top 10 4680 battery manufacturers in China Gotion high-tech, SVOLT, Zhuhai Guanyu and other lithium battery enterprises.

CAPCHEM-factory

BYD

byd-logo
Established date 1995-02-10
Global headquarters Dapeng New District, Shenzhen
Company website www.byd.com

One of the top 10 global installed power battery companies, BYD, ranked third in top 10 lithium ion battery electrolyte manufacturer in China, BYD electrolyte is mainly self-produced and self-consumption mode, more than 90% of the electrolyte required for its new energy vehicles is self-produced, which is strongly correlated with its new energy vehicle sales.

byd-company

In 2022, BYD’s new energy vehicle sales are booming, and its electrolyte market performance is excellent, ranking third in terms of market share in China.

byd-factory

On July 18, BYD released a recruitment announcement, saying that it intends to implement open recruitment of suppliers for the fully automatic baking line equipment for large cylindrical batteries in 2023, and that it “welcomes all suppliers who meet the requirements for access to resources to actively apply for participation”.

byd-product

RTXC

RTXC-logo
Established date 2017-04-21
Global headquarters Jiangsu
Company website www.rtxc.com

As one of the top 10 lithium ion battery electrolyte manufacturer in China, RTXC is a holding company of Jiangsu Guotai, which mainly produces lithium ion battery electrolyte and additives. In terms of electrolyte, it mainly relies on external mining of lithium hexafluorophosphate and solvent to produce electrolyte. The downstream customers are mainly CATL, LG Chem, EVE.

RTXC-building

In addition, RTXC, Jiangsu Xintai Material Technology and CATL New Energy Technology set up a joint venture company, Jiangsu TRLT Material Technology, in December 2021 to produce 30,000 tons/year of lithium hexafluorophosphate project, which is currently in the pre-preparation stage.

RTXC-company

Recently Jiangsu TRLT Material Science and Technology Co., Ltd. annual output of 30,000 tons of lithium hexafluorophosphate project has been licensed, has now begun construction.

RTXC-product

FNLT

FNLT-logo
Established date 2014-01-22
Global headquarters Jiaozuo City Industrial Cluster
Company website www.hnfnlt.cn

FNLT in top 10 lithium ion battery electrolyte manufacturer in China was founded in 2014, relying on Longpan technology, DFD, Xiaomi and other strategic shareholders.

FNLT-building

Product layout includes lithium electrolyte, sodium electrolyte, solid electrolyte and core additives R & D, production, sales and technical services, now has a number of production bases in Changsha, Hunan, Jiaozuo, Henan, Anqing, Liuzhou, Guangxi and so on.

FNLT-company

On the morning of May 30, Anhui Faenwright New Energy Technology Co., Ltd. annual output of 150,000 tons of lithium battery electrolyte project was put into operation ceremony.

FNLT-product

Kunlun Material

kunlun-logo
Established date 2010-05-11
Global headquarters Haikou, Hainan
Company website www.klmusu.com

Founded in 2004, Kunlun Material is one of the earliest enterprises engaged in the production of lithium electrolyte in China. Its electrolyte products are widely used in the fields of new energy vehicle power batteries, consumer batteries, energy storage batteries, etc., which is the company’s main business. Now one of the top 10 lithium ion battery electrolyte manufacturer in China.

kunlun-building

The electrolyte preparation process of Kunlun Material is to add high-purity solvent, lithium salt and additives into the kettle in turn according to the battery materials ratio, stir and mix thoroughly. During the whole feeding process, the stirring speed and temperature in the kettle are strictly controlled, and finally the finished electrolyte is filled after testing and filtering.

In terms of customer groups, Kunlun Material with one of the top 10 sodium ion battery companies in the world, CATL, ATL, EVE, Tianhui Lithium Power, REPT Energy, Ganfeng lithium power, Lishen Battery, FARASIS and other lithium power enterprises have established long-term cooperative relations

kunlun-factory

At the same time, through cooperation with South Korea’s ENCHEM, it has also successfully entered the supply chain of other countries such as SK and LG. In addition, the company closely follows the cutting-edge development of battery technology, and has developed sodium electric electrolyte and semi-solid electrolyte, representing customers as Jiangsu Chuanyi, Weilan New Energy and Qingtao Energy.

On July 25, Kunlun Material Jiangan Yibin 240,000 tons of electrolyte project (Phase I) was put into operation in Jiang ‘an County, Yibin, Sichuan. The project is a key supporting project of the green lithium new energy industry on the “one blue one green” new track in Yibin, with a total investment of 5 billion RMB, covering an area of 172 acres, the construction of 240,000 tons of lithium ion electrolyte production line, and the annual output value is expected to exceed 10 billion RMB after putting into operation.

kunlun-product

Smooth Way

smoothway-logo
Established date 2007-06-18
Global headquarters Zhuhai City

Smooth Way was founded in 2007, the main research and development, production and sales of lithium electrolyte, is one of the earliest enterprises engaged in the development of electrolyte materials in China.

In addition, the company has continued to actively layout aluminum plastic film materials in recent years, is expected to become the second growth level of the company’s business. Since 2015, the company has continued to promote the research and development of sodium electrolytes and additives, and has now entered the pilot stage and achieved sales.

smoothway-company

In terms of products, Smooth Way reserves a number of core technologies in the development and preparation of electrolyte formula and core raw materials, and its self-designed and synthesized M106 additives have outstanding effects in improving the performance of high-nickel ternary high-temperature storage and circulation, and have been pilot-tested or mass-produced in Zhuoneng, Veko, Jiuyi and other clients. Smooth Way is now one of the top 10 lithium ion battery electrolyte manufacturer in China.

smoothway-employee

In terms of customer groups, Smooth Way relies on the advantages of the digital consumer market, and continues to strengthen power customers. At present, the company’s customers include CATL, EVE, FARASIS, SVOLT and other lithium head manufacturers, and has established a close strategic partnership.

smoothway-factory

Sinochem

Sinochem-logo
Established date 2006-01-23
Global headquarters Binjiang, Hangzhou
Company website www.sinochemlt.com

Sinochem in top 10 lithium ion battery electrolyte manufacturer in China founded in 2000,main fluorine chemical products. In 2016, Sinochem began to get involved in the lithium battery industry (PVDF), and then quickly entered the lithium battery main track through mergers and acquisitions and self-construction.

Sinochem-building

In 2019, the company acquired 4000t/ year lithium hexafluorophosphate device, and started the construction of 50,000 tons/year electrolyte factory in Changxing in the same year. In 2020, the company acquired the electrolyte business of Beihua Institute to inject technology and talents into the electrolyte strategy.

In mid-February this year, Haohua Technology issued an asset restructuring related transaction plan that it intends to issue shares to Sinochem Group and Sinochem Assets to purchase 52.81% and 47.19% of their respective holdings of Sinochem Blue Sky, and after the completion of the transaction, Sinochem Blue Sky will become a wholly-owned subsidiary of Haohua Technology.

Sinochem-factory

Sinochem conducts electrolyte business through its wholly-owned subsidiary Zhejiang Zhonglan New Energy Materials Co., LTD., with an annual output capacity of 20,000 tons of electrolyte at present and 180,000 tons under construction.

It conducts lithium hexafluorophosphate business through Zhonglan Hongyuan, with an annual output capacity of 4000t, forming an electrolyte upstream supporting set including lithium hexafluorophosphate and additives. On July 19, Haohua Sinochem’s annual output of 200,000 tons of electrolyte project officially started construction.

Sinochem-product

SHANSHAN

SHANSHAN-logo
Established date 2005-03-07
Global headquarters Ningbo City, Zhejiang Province
Company website www.shanshan.com

Dongguan Shanshan was established in 2005, is the holding subsidiary of one of top 10 ternary cathode material manufacturer in China, mainly engaged in the research and development, production and sales of lithium ion battery electrolyte. The main products include electrolyte and lithium hexafluorophosphate, which are used in 3C digital battery products, electric vehicle power batteries and energy storage batteries.

SHANSHAN-building

In terms of products, the company as one of the top 10 lithium ion battery electrolyte manufacturer in China actively explores the electrolyte, develops the electrolyte formula, and develops and synthesizes new third-generation high-energy density additives, second-generation solvents, etc.

SHANSHAN-company

The additives are independently developed and synthesized by the company, forming an alternative effect to other additives on the market. In the future, the company will further expand the research and development team, broaden the exploration field and development channels.

SHANSHAN-product

ENCHEM

ENCHEM-logo
Established date 2020-03-06
Global headquarters Zaozhuang, Shandong

ENCHEM in top 10 lithium ion battery electrolyte manufacturer in China is a world-renowned manufacturer of lithium ion battery electrolyte and electrolyte additives in China. ENCHEM has a deep foundation of cooperation with Zaozhuang.

ENCHEM-company

ENCHEM, established by investment, is a company specializing in R&D, manufacturing and sales of lithium-ion battery electrolyte, mainly researching and producing anti-overcharge, high and low temperature resistance, high voltage, high capacity, flame retardant and high-rate lithium battery electrolyte. After the completion of the second phase of the project, the annual production capacity will be expanded from 30,000 tons to 130,000 tons.

ENCHEM-factory

That’s all about the top 10 lithium ion battery electrolyte manufacturer in China in 2023. If you want to know more about the top best list articles, please refer to the following related articles.

ENCHEM-product

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