Tinci Materials Secures Over 3.4 Million Tons in Long-Term Electrolyte Supply Agreements

Tinci Materials (002709.SZ), the world's largest lithium battery electrolyte manufacturer, has signed long-term supply agreements totaling over 3.4 million tons over the past year, underscoring surging demand from China's electric vehicle and energy storage sectors. The company's aggressive contract signing reflects the tightening supply-demand dynamics in the lithium battery materials market. On June 1, Tinci announced that its subsidiary Jiujiang Tinci signed a supplemental agreement with Chuneng New Energy, raising total committed electrolyte supply to at least 1.01 million tons through December 2030, nearly doubling the original 550,000-ton agreement from July 2025. The new agreement also adds Xiangyang Chuneng New Energy Innovation Technology as a procurement entity, expanding the partnership scope. The deal is part of a series of major long-term contracts. Tinci has separately secured agreements with CALB for 725,000 tons under a 2026-2028 supply framework, with Gotion High-Tech for 870,000 tons, and with Rept Battero for at least 800,000 tons. These agreements collectively demonstrate Tinci's dominant position in the electrolyte supply chain and the accelerating demand from China's battery manufacturing ecosystem. Tinci's financial results confirm the industry boom. In Q1 2026, the company reported revenue of RMB 6.67 billion, up 91.29 percent year-on-year, and net profit of RMB 1.65 billion, a staggering 1,005.75 percent increase that already exceeded full-year 2025 profit. The company's contract liabilities surged 271 percent from the start of the year to RMB 200 million, reflecting strong advance payments from customers eager to secure supply. The electrolyte market has seen a strong pricing recovery, with LiPF6 climbing from a low of RMB 96,000 per ton in mid-April to RMB 114,000 per ton by June 1. Tinci is simultaneously pursuing global expansion with a Morocco electrolyte project that broke ground in February 2026 and a North America project started in late 2025. The company is also advancing next-generation battery technologies, with solid-state electrolytes entering kilogram-scale pilot sampling and a new LFP cathode plant in Zhejiang representing a RMB 2.1 billion investment.