Main content:
In 2024, the global shipment of energy storage batteries reached 335 GWh, a year-on-year increase of 66%. The booming energy storage market and policy window period further drove a significant growth in shipment volume. At the same time, the installed capacity of the global energy storage market has achieved a 55% growth, with China and the United States leading the market development.
Driven by lithium-ion batteries, especially energy storage batteries, the global shipment of lithium-ion battery electrolytes reached 1.662 million tons, a year-on-year increase of 26.7%. In 2024, the shipment volume of lithium-ion battery electrolytes in China was 1.527 million tons, a year-on-year increase of 34.2%, with further growth rate, and the global proportion of China's electrolyte shipments continues to increase by more than 90%.
This article is about the top 10 lithium electrolyte manufacturers in China in 2025 and their relevant information will be mentioned in the following content.
Top 10 lithium electrolyte manufacturers in China in 2025
As one of the four main components of lithium-ion batteries, the importance of electrolyte is self-evident. It is a key medium for achieving smooth migration of lithium ions between positive and negative electrodes, and has a profound impact on lithium battery capacity, operating temperature, cycle efficiency, and safety.Therefore it’s important to know the top 10 lithium electrolyte manufacturers in China in 2025.
Here is the list of the top 10 lithium electrolyte manufacturers in China in 2025.
|
Ranking |
Company |
|
1 |
Tinci Materials |
|
2 |
BYD |
|
3 |
Capchem |
|
4 |
RTXC |
|
5 |
Kunlun |
|
6 |
Smooth Way |
|
7 |
Shida Shinghwa |
|
8 |
F&let |
|
9 |
Genyuan’ holding company - Weihai Finance |
|
10 |
Yongtai |
Tinci Materials
| Company website | https://www.tinci.com/ |
| Founded | in 2000 |
| Company headquarter | Guangdong Province, China |
Company overview
Tinci Materials as the head of the top lithium electrolyte manufacturers in China currently has an electrolyte production capacity of 850000 tons per year and a lithium hexafluorophosphate solid conversion capacity of approximately 112000 tons per year. In addition to establishing 15 production factories within China, significant electrolyte production capacity has also been planned in North America, Africa, Morocco, and other regions.
Main products
The core products include lithium-ion battery materials, daily chemical materials, and specialty chemicals. In the field of lithium-ion battery materials, the company mainly produces lithium-ion battery electrolytes and positive electrode material lithium iron phosphate, both of which are key raw materials for lithium-ion batteries.
Company updates
On January 8, 2025, Tinci Materials announced that the expected net profit attributable to shareholders in 2024 is between RMB 440 million and RMB 520 million, a year-on-year decrease of 76.73% to 72.50% from RMB 1.891 billion in the same period last year.
BYD
| Company website | https://www.bydglobal.com/en/index.html |
| Founded | in 1994 |
| Company headquarter | Guangdong Province, China |
Company overview
BYD's business spans across four major industries: automotive, electronics, new energy, and rail transit, from energy acquisition and storage to application. BYD's electrolyte mainly adopts the self-produced and self used mode, and more than 90% of the electrolyte required for its new energy vehicles is self-produced, which is strongly related to its new energy vehicle sales. It makes BYD not only in the front place of electric vehicle market but also in the second place of the top 10 lithium electrolyte manufacturers in China list.
Main products
Our products and solutions cover passenger cars, commercial vehicles, rail transit, batteries, electronics, and more.
Company updates
On December 10, 2024, BYD obtained a new invention patent named "Electrolyte and Application". This marks BYD's continuous innovation in the field of battery materials, especially the improvement of electrolytes, which will bring new opportunities to enhance battery performance.
Capchem
| Company website | https://en.capchem.com/ |
| Founded | in 1996 |
| Company headquarter | Guangdong Province, China |
Company overview
Since its establishment, Capchem has been committed to creating a better future with electronic chemicals and functional materials. It has factory layouts in South China, Central China, East China, North China, Southwest China, as well as overseas Europe and the United States. The company's main domestic customers include CATL, EVE, etc., while also deeply binding with overseas LGES SK on、 Customers such as Panasonic and Samsung SDI.
Main products
The products include electrolytes, new lithium salts, solvents, additives, etc.
Company updates
Capchem's overseas business expansion is smooth, with 40000 tons/year of electrolyte already put into production in Poland. The Ohio project in the United States has reached the start conditions in the fourth quarter of 2024, and the Louisiana project is also continuing to advance its preliminary work, signing two long-term overseas orders to ensure the shipment of overseas bases.
RTXC
| Company website | http://www.rtxc.com/ |
| Founded | in 2017 |
| Company headquarter | Jiangsu Province, China |
Company overview
RTXC attaches great importance to research and development work, investing in the construction of research and development centers in Zhangjiagang, Shanghai, South Korea and other places. The company has a total of 178 patent rights and its main customers are leading lithium-ion battery enterprises such as CATL, LG Chem, New Energy Technology, EVE, etc.
Main products
Production and sales of lithium-ion battery electrolytes, various additives, and new lithium salts.
Company updates
The January 2025 announcement shows that RTXC's net profit for 2024 is expected to decrease by about 80%. This also means that the company will experience a year-on-year decline in net profit for two consecutive years.
Kunlun
| Company website | https://en.kunlunchem.com.cn/ |
| Founded | in 2004 |
| Company headquarter | Sichuan Province, China |
Company overview
Kunlun is a technology-based enterprise engaged in the development and production of power lithium-ion battery electrolytes in China. Its comprehensive strength ranks among the top in the Chinese industry which makes Kunlun the fifth manufacturer in the top 10 lithium electrolyte manufacturers in China. Since its establishment, Kunlun has won various high-tech projects and titles multiple times. The company has established multi-faceted cooperation with well-known research institutions, universities, and domestic and foreign leading power battery production enterprises, and has a strong electrolyte research and development team.
Main products
The main product is liquid electrolyte. In addition, Kunlun also has forward-looking layouts in solid-state electrolytes, sodium ion battery electrolytes, and other fields.
Company updates
As of August 2024, Kunlun has obtained over 130 patents.
Smooth Way
| Company website | http://www.sw-zh.com/About/intro/ |
| Founded | in 2007 |
| Company headquarter | Guangdong Province, China |
Company overview
The company is a national high-tech enterprise dedicated to the research and development, production, and sales of new energy battery materials. It has established long-term and stable cooperative relationships with multiple leading battery companies downstream, and its product quality has been widely recognized by leading battery companies. The company has served hundreds of clients, including leading companies in various fields such as CATL, EVE, Farasis, Jeve, etc.
Main products
The main product, lithium-ion battery electrolyte, is widely used in fields such as power batteries, energy storage batteries, and consumer batteries.
Company updates
According to the inquiry letter disclosed by Smooth Way on January 2, 2024, the company's net profit is expected to plummet by 40% in 2023. In 2024, comparable companies will experience a sharp decline in performance, and Smooth Way's performance may also be difficult to improve.
Shida Shinghwa
| Company website | http://en1.sinodmc.com/ |
| Founded | in 2002 |
| Company headquarter | Shandong Province, China |
Company overview
At present, Shida Shinghwa has a market share of over 40% in the global high-end carbonate solvent market, with downstream customers covering leading electrolyte manufacturers worldwide. In terms of electrolyte products, Shida Shinghwa has comprehensive material integration advantages and has laid out in bases such as Dongying and Wuhan, covering major lithium battery production bases in China. It has established long-term and stable strategic cooperation relationships with major lithium battery leading enterprises in China.
Main products
Shida Shinghwa focuses on carbonate products and focuses on the fields of new energy and new materials, forming three major business segments: lithium battery solvents, electrolytes, and high-end new materials.
Company updates
On March 5, 2025, Shida Shinghwa announced that its holding subsidiary had signed a Strategic Cooperation Framework Agreement with CATL. The agreement stipulates that from the effective date until December 31, 2025, CATL is expected to purchase 100000 tons of electrolyte from Shida Shinghwa.
F&let
| Founded | in 2014 |
| Company headquarter | Hunan Province, China |
Company overview
F&let, relying on strategic shareholders such as Lopal, Do fluoride, Xiaomi, etc., quickly laid out products such as electrolytes, solid electrolytes, and additives. The company currently has bases in Changsha, Hunan, Anqing, Anhui, and Liuzhou, Guangxi, with a total production capacity of 320000 tons per year. In addition, it plans to have an Indonesian factory with a production capacity of 100000 tons per year, and its global layout continues to advance.
Main products
F&let has diversified its layout of electrolyte products, including ternary lithium batteries, lithium iron phosphate batteries, sodium ion batteries, semi-solid/solid state batteries, high-power batteries, long-life batteries and other electrolyte products, forming a complete product matrix.
Company updates
On February 27, 2025, Farnlet successfully launched an innovative lithium rich manganese based cathode electrolyte solution, which combines high energy density, excellent high voltage performance, outstanding interface stability, and excellent safety performance. It can be widely used in fields such as new energy vehicle power batteries, large-scale energy storage systems, high-end consumer electronics products, and next-generation solid-state batteries.
Genyuan’ holding company - Weihai Finance
| Founded | in 2022 |
| Company headquarter | Shandong Province, China |
Company overview
Weihai Finance is a subsidiary of Genyuan, specializing in electrolyte materials. The company has established a production base in Weihai with an existing capacity of 100000 tons. In addition, the company's Fuding base's 300000 ton electrolyte project has been approved. Relying on Genyuan and CA, Weihai Finance’s electrolyte shipment volume has increased significantly, and its electrolyte customers mainly include CATL. Therefore it's one of the manufacturer in the top 10 lithium electrolyte manufacturers in China in 2025.
Main products
Mainly engaged in the production and sales of electrolytes, chemical product production and sales, new material technology promotion services, new material technology research and development, basic chemical raw material manufacturing, technical services and other businesses.
Company updates
In the first half of 2024, the company shipped 26000 tons of electrolyte products.
Yongtai
| Company website | http://www.yongtaitech.com/index/en.aspx |
| Founded | in 1999 |
| Company headquarter | Zhejiang Province, China |
Company overview
Yongtai is a manufacturer of fluorinated pharmaceuticals, crop protection, and new energy materials. The company currently has subsidiaries in Zhejiang, Jiangsu, Shandong, Shanghai, Fujian, Inner Mongolia and other places, and has established research institutes in Taizhou, Zhejiang, Hangzhou, Zhejiang, the United States, and Shanghai.
Main products
In the field of electrolytes, Yongtai's products include lithium salts, additives such as electrolyte additive, and electrolytes.
Company updates
On March 5, 2025, Yongtai Technology signed a medium to long-term lithium battery technology development contract with Fudan University.
Conclusion
Compared with 2024, there has been a significant change in the ranking of the top 10 lithium electrolyte manufacturers in China in 2025. The market share of the leading enterprise Tianci Materials has declined, and its monopoly position is further threatened. Market competition has intensified.
Top 10 lithium electrolyte manufacturers in China still need to continuously strive for innovation and focus on the future, continuously increasing research and development investment in new materials, production processes, and other aspects, and making every effort to improve key indicators such as energy density, cycle life, and safety performance of electrolytes.
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