# Yulchon Chemical's $1.04B aluminum pouch supply deal with Ultium Cells cancelled

Ultium Cells unilaterally terminated its supply contract with Yulchon Chemical for aluminum pouches used in lithium-ion battery cells, valued at about $1.04 billion. Yulchon disclosed the cancellation on 31 July 2024, two years after the contract was signed, amid an EV slowdown.

- Type: Contract
- Announced: 2024-07-31
- Value: $1.04B
- Status: cancelled
- Products: aluminum pouches for lithium-ion battery cells

## Companies

- [Yulchon Chemical](https://endata.com/companies/12109.md) (supplier)
- [Ultium Cells](https://endata.com/companies/12110.md) (customer)

## Sources

- [sedaily.com](https://www.sedaily.com/article/13930162), 2024-07-31: "얼티엄셀즈는 최근 율촌화학과 맺었던 공급 계약을 일방 해지했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.